NEWS
City of Bowie to rebid its energy project
In an effort to generate more bidder interest in its energy project, the Bowie City Council voted to rebid the qualified energy conservation bond proposal with a few recommended enhancements.
At Tuesday night’s council session Paul Jasin, managing director with Specialized Public Finance, said the city received two request for proposals to finance the $3.7 million project and neither met the specifications.
Financing is being sought through the Texas Local Government Code which allows cities to update their infrastructure through an energy performance contract financed through an energy conservation low interest plan. Bowie’s project has been approved by the Texas Bond Review Board for a $4.1 million allocation based on its projected energy savings of $7.4 million over the 20-year life span of the project.
The QEBC is not actually a bond, but an interest rate subsidy through the U.S. Department of the Treasury. It is anticipated the interest rate will be less than one percent. In the process an investor purchases the project and receives a tax credit in lieu of receiving a market interest rate on the bond. Jasin recommends the city rebid the proposals and enhance it with a tax pledge, which they believe will get more bank bids and lower interest, as well as provide flexibility for the tax credit. Read the full story in the weekend News.
City of Bowie water distribution crew members were making repairs on this four-inch line in the 400 block of Decatur Street, east of FM 1125 Wednesday afternoon. (News photo by Barbara Green)
A BOIL WATER NOTICE has been issued for the 400 block of Decatur Street. Use boiled/bottled water for drinking & cooking.
WATER STOPS – The 400 block of Decatur will be shut off between Mill and FM 1125 due to a major water leak reports the City of Bowie. Repairs are in progress.
The City of Bowie swimming pool season opened Monday with free splash day with 266 jumping into the pool. Summer also launched its season with hot and humid temperatures.
Summer Rec begins June 9
The City of Bowie’s popular free summer recreation program for children kindergarten through age 15 is set for 8:30 a.m. to noon on June 8 and continues through July 3.
Permission slips must be filled out the first day. There will be many activities to enjoy such as softball, dodgeball, kickball, flag football, soccer, tennis, basketball, jump rope, relay races, circle games, arts and crafts, music and swimming. The community center gym also will be used. Youngsters should not just come for swimming.
Children should wear tennis shoes only. Drop children at the pavilion behind the pool at 8:30 a.m. and pick them up at noon each day. Once a child arrives he/she is not allowed to go to the store home without prior permission. A child should bring something in which to keep money or personal items. There is a concession stand with drinks and snacks to purchase.
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