Columbus moving ahead with $1.2M loan

By The Associated Press

COLUMBUS — The city of Columbus is moving ahead with borrowing $1.2 million to buy some new equipment and complete a drainage project.

The Commercial Dispatch reports that Stephen Edds of Jackson-based Baker Donelson told city council members this week that it had received four bids on the loan.

Edds says the paperwork for the loan will be completed by Jan. 3.

Mayor Robert Smith says a portion of the money will go toward the city’s $300,000 match on the ongoing drainage project.

Smith says money will also be used to buy a new fire truck for Columbus Fire and Rescue and two pieces of equipment for the public works department.