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Rebid process pays off for city with great low interest rate

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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.

 

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Rains bring relief to parched county

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After nearly three months of no rain, Mother Nature brought the showers this past week.
Downtown Bowie rain reports varied from 7 to 8 inches, while the Saint Jo area reported a 10-inch total. The city water plant in Bowie reported 5.55 inches on Sept. 30 with 1.6 Oct. 1-3.
Nocona saw a total of 6.31 inches of rain across Sept. 26 to Oct. 3.
On Oct. 6, Lake Amon G. Carter saw a level of 917.39 mean sea level rising to 81.31% full. Just one week earlier the lake was 73.6% full, while one year ago it was 94.01%. The lake is full at 920msl.
Lake Nocona was 73.7% full at 823.02 on Oct 6. One week earlier it was 70.41% full and one year ago it was 92.41%. The lake is full at 827.5 msl.

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Data centers worrying citizens

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By BARBARA GREEN
editor@bowienewsonline.com
One Montague County City has joined the battle against any data centers being built in this county and there is a petition drive underway to urge the commissioner’s court to keep data centers out of Montague County.
At a Sept. 28 called meeting of the Saint Jo City Council, officials unanimously approved a resolution stating its opposition to the “siting, permitting, construction or operation of data centers and similar hyperscale computing facilities within the city limits or the city’s extraterritorial jurisdiction.”
City Secretary Debbie Dennis said several citizens approached Councilor Jack Dunn about their data center concerns and he helped prepare a resolution. The council gave unanimous support.

Read the full story in your Thursday Bowie News.

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Montague County lifts burn ban

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Montague County Judge Kevin Benton has signed an order lifting the outdoor burn ban effective Oct. 7.

Persons are still urged to be cautious when they are out working in the countryside to avoid any spark that could cause a wildfire.

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