Columbus Brewery Requesting Revolving Loan Dollars

(Columbus) City officials in Columbus discussed an request for a revolving loan in committee last night. The Community Development Authority recommended the loan for Cercis Brewing Company not to exceed $40-thousand dollars for equipment and $20-thousand for day-to-day operations. The loan would last for three years and would be amortized over ten years. The business would be located on Dickason Boulevard, across from city hall. No decision was made last night after closed session discussions. Several other items were tabled in committee last night. Council President Regan Rule asked for discussion on the 2018 Bonding/Borrowing plan to be tabled to allow for further information to come to light. Discussion on the 2018 street projects was also tabled to allow for City Administrator Patrick Vander Sanden, who was not at last night’s meeting, to address the committee with updated information. Concerns were raised that delaying the topic would jeopardize construction timelines. City Treasurer Kim Manley says the city is not in a position to award a bid for the projects because they are still awaiting word on grant information from the Wisconsin Department of Transportation. The projects would target complete reconstruction of South Water Street as well as the portion of East School Street between South Water and Ludington Streets.