LEWISBURG — The Village of Lewisburg will consider consolidating its loans into one bond.
During a council meeting on Thursday, Sept. 20, Municipal Manager Jeff Sewert mentioned the loan consolidation had been discussed with the village’s Ways and Means Committee.
He explained, the village has two different loans out for Capital Improvement projects. The idea is to roll both of these loans into one bond and consolidate the debt.
Sewert asked for approval from council to have Village Solicitor Rick Faber look into the idea. Council approved the action.
Next, Sewert shared the street inventory list has been completed.
Previously, the village had agreed to do a street inventory for Kramer & Associates, in order to prioritize streets based on need. This form will be used to determine which projects should be worked on first.
The village shared the list with Doug Kramer of Kramer & Associates, and is now ready for the next step in the project, which is to seek funding.
Kramer will be attending the second meeting in October to speak with council regarding what funding is available and how to secure it.
Lewisburg will meet for its next regular meeting on Thursday, Oct. 4 at 7 p.m. at the fire department.
Reach Kelsey Kimbler at 937-683-4061 or on Twitter @KKimbler_RH