HARRODSBURG - The wisdom of borrowing $1 million over 30 years to finance a 10-year street project was questioned Monday by one of the city's elected officials.
"The logic of this escapes me," said Harrodsburg City Commissioner Eddie Long after Commissioner Kevin Perkins made a motion to allow Mayor Lonnie Campbell to seek out a low-interest-rate loan for $1 million to be paid back over 30 years.
The motion failed, but the commissioners authorized the mayor to look into low-interest loans.
The proposal was for the money to go for the first 10 years of a 20-year master plan for street repair. While Long thinks the master plan is a good idea, having to pay for half of it 20 years after it is complete isn't.
"It's like borrowing money to meet your payroll," he told the commission. "(Street repair and maintenance) is a basic service of city government. We're talking about maintenance, not a capital project."