Starkville applying for loan to help pay for new meters
Starkville is applying for a $554,800 capital improvements loan through the Mississippi Development Authority to assist with its transition to automated electric and water meters.
Lowndes Co. supes vote to refinance USDA loan
The Lowndes County Board of Supervisors used its last meeting of 2015 to refinance a 2011 loan from the U.S. Department of Agriculture that will save the county at least $2.5 million and shorten the term of the loan from 30 to 15 years.
CL&W approves $650K loan to city
The Columbus Light & Water board of directors on Thursday approved a $650,000 loan to the city of Columbus after a round of sometimes-testy discussion.
Our View: Proposed CL&W loan should not be viewed as an affront to customers
Monday’s revelation that Columbus Light & Water is considering a request from the city for a $650,000 loan to purchase property on Main Street has prompted an obvious question: If CL&W can afford to get in the loan business, why did it raise its rates twice in the past six months?
CL&W weighing loan to city
Columbus Light & Water is mulling a $650,000 loan to the city of Columbus as the city prepares to buy the Gilmer Inn.
Lowndes Co. supes restructure USDA loan
Lowndes County supervisors on Monday approved a proposal to restructure a $13 million U.S. Department of Agriculture loan that will save the county approximately $2 million over the life of the loan.
KiOR exploring sale, hires firm to assist
KiOR has hired a firm to perform financial advising and assist in exploring a possible merger or sale.
The company, which built a $218 million plant in Columbus in 2011, made the announcement in a filing to the U.S. Securities and Exchange Commission Wednesday.
KiOR misses scheduled loan payment to state
The Mississippi Development Authority confirmed Thursday that KiOR, an alternative fuel company that in 2011 built a $218 million facility in Columbus, did not make its latest scheduled loan payment to the state.
Trotter renovations under budget
Bids for four components of the Trotter Convention Center renovation project will be opened Tuesday, while bids that have already been awarded are running under estimated costs, project officials say.
Trotter work still set to finish late this year
In February, Columbus councilmen agreed to make the city its own contractor for a $1.65 million Trotter Convention Center renovation after bids for a general contractor came in well above project budget.
KiOR stares down default on MDA loan
If KiOR does not finalize the details of a $25 million commitment from a California investor within the next nine days the company expects to default on a $75 million loan it received from the state of Mississippi.
Miss. ability to borrow still adequate
Mississippi could borrow $1.8 billion to use for new buildings, highways and economic development incentives over the next five years and rising state revenue probably could support that amount of borrowing, a report by Treasurer Lynn Fitch suggests.
City will be its own contractor for Trotter
Construction bids for a Trotter Convention Center renovation were double the project’s budget, so the city of Columbus will be its own contractor.
Trotter renovation bids far exceed planned budget
Columbus Mayor Robert Smith said there are no plans to re-open bids for the renovation of the Trotter Convention Center after all three bids for the project were more than double the $1.65 million construction budget.
Weathers awarded Calstar contract
Lowndes County supervisors accepted a bid from Weathers Construction on Monday to renovate the spec building that will house a CalStar plant.
Council authorizes MDB loan for Trotter
The Columbus city council approved a loan from Mississippi Development Bank to finance the cost of Trotter Convention Center renovations Tuesday.
Supes to consider loan for CalStar project
Lowndes County supervisors will meet 9 a.m. Monday to hold a public hearing on applying for a $5.35 million CAP loan through the Mississippi Development Authority to purchase property and build a facility that would house a sustainable building material company.
Council approves $1.2 million loan; proposes new welcome sign
The Columbus City Council is moving forward with a $1.2 million loan needed for the purchase of some new equipment and the completion of a drainage project. Stephen Edds of Jackson-based Baker Donelson appeared before the council Tuesday night, bringing some good news about the loan with him.
“Christmas has come early for Columbus,” Edds said.
Columbus council pursues loan for projects
The Columbus City Council voted to accept bids on a loan for some equipment and a drainage project during Tuesday’s regular meeting. The city is looking to borrow up to $1.2 million to be paid back over a five-year period.
Trainer suggests pursuing $3M loan
District 2 Supervisor Orlando Trainer pushed for pursuing a $3 million loan to ensure the county’s planned road projects are completed on schedule during the Oktibbeha County Board of Supervisors meeting on Tuesday.