Before the improvements are in place allowing them to sell more water and possibly pay back the city early, Pinckard said he’d hate to strap the water system to pay the city money.
Pinckard noted the city had discussed the enterprise fund and water system finances in multiple meetings.
However, Moore said he still had unanswered questions.
Council members, with the exception of Sheridan, who was absent Thursday, unanimously approved a motion made by Wood to move forward on 10-year payout of debt owed to the city by the water system with the first payment due Sept. 1.
The council also unanimously approved a recommendation to transfer about $8,500 from the city’s enterprise fund to the city’s general fund.
There was a bookkeeping error and the amount was mistakenly put in the wrong account, Sheridan said.