NEWS
Rebid process pays off for city with great low interest rate
The rebid process for the City of Bowie’s $4 million energy project paid off producing a net effective interest rate of .45 percent over the 20-year life of the project.
Paul Jasin, managing director for Specialized Public Finance, presented the rebid proposal at Tuesday night’s Bowie City Council meeting that drew six bidders.
In the original November bid opening only two bids came in, which led Jasin to recommend the rebid with an enhancement for the tax pledge.
Through the qualified energy conservation bond proposal the city takes advantage of the local government code to update its infrastructure through an energy performance contract financed through a low-interest rate subsidy. The project totals $4.1 million for the full energy retrofit. 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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