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City treasurer reports capital-note activity, flags small projected shortfall
Summary
City Treasurer Alan Owens summarized the 2025 capital improvement note and current capital projects, listed recent expenditures and said a modest shortfall on paper should be offset by future interest earnings; council asked for updated bids on the 3rd Avenue drainage project.
City Treasurer Alan Owens told the Lewisburg City Council the city’s 2025 capital improvement note remains on track even as projected expenditures leave a modest on-paper shortfall. Owens summarized the schedule of transactions for the note and listed recent transfers and project expenditures, then fielded council questions about uncertain estimates for major work.
Owens said proceeds from the capital note were deposited in September; the digitized transcript contains an implausible numeric figure for that deposit and the precise amount could not…
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