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Pleasant Grove LBA adopts tentative FY2026–2027 budget to cover theater bond
Summary
The Pleasant Grove Local Building Authority unanimously adopted Resolution 2026-01LBA on May 5, 2026, approving a tentative FY2026–2027 budget that authorizes Finance Director Denise Roy to make payments on the Ruth and Nathan Hale Theater bond from theater lease income.
The Pleasant Grove Local Building Authority adopted its tentative FY2026–2027 budget (Resolution 2026-01LBA) at a May 5, 2026 meeting, authorizing the Finance Director to use theater lease income to pay principal and interest on the Ruth and Nathan Hale Theater bond. Chair Eric Jensen opened the meeting at 8:27 p.m. in the Community Room at 108 South 100 East.
Director Denise Roy presented the budget item and stated that the LBA is responsible for the Ruth and Nathan Hale Theater bond and that principal and interest are paid with lease income. Board Member Cyd LeMone moved to adopt Resolution 2026-01LBA; Board Member Dustin Phillips seconded. Votes recorded were Todd Williams—Yes; Cyd LeMone—Yes; Dustin Phillips—Yes; Steve Rogers—Yes. The motion passed unanimously, giving Director Roy budget authority to make bond payments from lease income.
The action covers the Local Building Authority’s FY2026–2027 tentative budget and does not itself appropriate final spending authority; the resolution, as recorded in the meeting minutes, authorizes the Finance Director to manage bond payments tied to theater lease receipts. The minutes indicate the full text of the resolution and associated exhibits are on file in the Recorder’s office.
