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.
The Saint Jo City Council will meet at 6 p.m. on May 13 in regular session.
Items on the agenda include:
Appointment and approval of a fire marshal for the city.
Discuss support for Councilman Jack Dunn’s proposition to petition for additional sales tax revenue from the state for infrastructure purposes.
Consider dates for the 2026-27 budget workshop and ordinance workshop.
Approve minutes and monthly financials.
SEVERE THUNDERSTORM WATCH OUTLINE UPDATE FOR WS 193
NWS STORM PREDICTION CENTER NORMAN OK
9:05 PM CDT FRI MAY 8, 2026
SEVERE THUNDERSTORM WATCH 193 IS IN EFFECT UNTIL 2:00 AM CDT FOR THE FOLLOWING LOCATIONS
TEXAS COUNTIES INCLUDED ARE
COLLIN
COOKE
DELTA
DENTON
FANNIN
GRAYSON
HOPKINS
HUNT
JACK
LAMAR
MONTAGUE
WISE
YOUNG
The Bowie City Council will meet at 6 p.m. on May 12 in the council chambers.
The agenda opens with a proclamation for Emergency Medical Services Week.
In the city manager’s report, Bert Cunningham will discuss the Rock and Pillar Street project and the Texas Water Development Board grant application.
In new business, Brittany Barnes will be considered as an appointment to the Bowie Community Development Board.
A resolution requesting financial assistance from the TWDB authorizing the filing of an application for assistance will be reviewed.
The master parks plan also will be presented by staff from Public Management.
The consent agenda and public comments round out the meeting.
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