At their meeting last Tuesday evening, Cadiz City Council members voted 4 – 2 to make a lump sum of about $150,000. Cadiz City Council members Manuel Brown, Todd King and Gary Polete voted to pay, while Susan Bryant and Frankie Phillips voted against.
Brown made the motion to make a lump sum payment, as opposed to making monthly payments. Magistrates on the Trigg County Fiscal Court voted unanimously the previous day to pay off the other half of the line of credit, also in a lump sum.
“I know that we’re not legally liable for this,” said Brown. “I feel like if we don’t pay our part of this loan to the Bank of Cadiz, then it’s going to affect the whole community. It’s going to affect jobs and different things.”
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