3/26/17 – By passing three resolutions the Columbus City Council has borrowed over $4-million in funds for 2017 and 2018 municipal improvements. The first two Council-approved resolutions have the City working with Quarles & Brady borrowing $1.5-million in General Obligation bonds. Most of that money will go for Street improvement. The second resolution was for selling $1.3-million in General Obligation Promissory Notes. Much of the money from that sale will go for DPW equipment and debt refinancing. Legal fees for the bond and note sales will be $17,200. The third resolution passed by the Council allowed Quarles & Brady to issue $1.9-million in “Sewer System” Revenue Bonds for the City. Columbus does hold an A-1 Moody’s bond rating.