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Monmouth Urban Renewal Agency approves FY24-25 financial report, forwards it to taxing districts
Summary
The Monmouth Urban Renewal Agency approved and forwarded its FY24-25 financial report to impacted taxing jurisdictions with a friendly amendment to correct fiscal-year labeling errors; the motion passed unanimously (7-0).
The Monmouth Urban Renewal Agency presented its FY24-25 financial report and sought council approval to forward the materials to other impacted taxing jurisdictions. Staff noted a labeling error: figures intended for FY25-26 had not been updated in one table (notably a $1,441,197 figure flagged for FY labeling).
Council moved to approve the report, accepted a friendly amendment to correct typographical and fiscal-year labels, and voted to forward the report to the city council and other taxing districts. The roll call vote recorded unanimous approval (7-0).
Councilors discussed outreach to local business groups; staff agreed to provide a short presentation on urban-renewal grant availability to the Monmouth Business Association.
