Columbus BABs and RZEDBs

On January 28, 2010, Gray & Pannell gave the approving opinion as bond counsel on the issuance of $96,590,000 of bonds for the City of Columbus, Georgia.  The bonds were issued in three series through the Columbus Building Authority and were issued in the form of traditional tax-exempt bonds, Build America Bonds (BABs), and as Recovery Zone Economic Development Bonds (RZEDBs).  The over $95 million in proceeds will be used by Columbus for various capital improvement projects including road improvements, stormwater infrastructure, a city service center and parking deck, a natatorium swimming facility, a recycling center, and an ice rink.