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Authority approves $576,719.77 in claims, SRF draw and bond payment
Summary
The board approved claims of $576,719.77, SRF disbursement #101 for $152,240, a bond/debt-service payment of $213,209, and several smaller vendor and stormwater disbursements by voice votes with no recorded opposition.
The Hobart City Redevelopment Authority approved a slate of financial disbursements, including claims totaling $576,719.77, an SRF (State Revolving Fund) disbursement and bond payments. The motions to approve the claims and disbursements were moved and seconded and passed by voice vote.
The board approved claims of $576,719.77. It also approved SRF disbursement number 101 in the amount of $152,240 and a bond and debt-service payment of $213,209. Additional approvals included stormwater disbursement request #60 for $38,276 and a vendor payment to Sweeny Electric for $21,281.20 related to legacy SCADA-system work.
Board members handled the items as routine fiscal approvals; motions were made, seconded and approved for each disbursement with no recorded opposition. Staff will process payments as approved.
Next steps: Accounting staff will process the approved disbursements and report on cash flow at future meetings.
