The Lewisburg City Council voted to approve Resolution 25‑21, authorizing a capital note in the amount of $1,550,000 for capital improvement expenditures. The financing resolution was prepared by the city’s financial consultant, John Warner of Cumberland Securities.
Council debate produced a split roll‑call vote: Councilman Michael voted aye; Councilman Thomas and Councilman Barnes voted no; Councilman Robertson and Councilman Crutcher voted aye. The motion passed on the required majority 3–2.
City staff noted the resolution authorizes the city to seek financing for capital projects and that the approved authorization is a step toward securing a note; the resolution itself does not expend funds but allows the city to move forward with necessary steps for issuance. Council members discussed budget implications and the need for state comptroller approval for some steps; staff later confirmed the state had approved the fiscal year 2026 budget, a document needed for loan processes.
Next steps: finance staff will work with the city’s financial consultant to structure the note and return with specific financing terms for council approval.