JUNCTION CITY - The city will write a check for $43,000, paying off its loan to Farmers National Bank.
Council members, in a split vote, decided to pay off the loan Thursday.
The city was extended a $100,000 line of credit at the bank to pay bills and payroll.
It had just renewed the loan, and it wouldn't have been due until June, but would have accumulated interest until then. Council members are using the money from the sale of the water system to pay off the loan.
Council members Donnie Goode and Jim Douglas didn't want to make the payment, and voted against it.
Mayor G.G. Harmon said later that he didn't support it either.
They said that they shouldn't pay off the bank all at once, or the city wouldn't be able to take any more out on their line of credit.
Douglas was also concerned that the public works fund would then be left with only $5,000.