NEWS
City of Bowie refunds bonds; expects to save $136K interest
By BARBARA GREEN
[email protected]
The Bowie City Council approved the refunding of bonds used to construct the community center selling at a lower interest rate that will save about $136,000 across the final 10 years of the payoff.
Along with the bond action, council members began the budget process accepting the draft proposal presented by City Manager Bert Cunningham.
Kevin Learner of Government Capital Securities made the presentation on the bond refund explaining there are 10 years left on the bonds that were purchased at a four and 4.25 percent interest rating. The refund rate is 1.90 percent which will create a savings of about $136,000 across the 10 years with savings ranging from $10,000 to $16,000 a year in interest.
Read the full story of Monday night’s meeting in the mid-week Bowie News.
The regular meeting of the Bowie City Council for July 22 has been cancelled. City Manager Bert Cunningham and Mayor Gaylynn Burris will be attending the Texas Public Power Association conference.
City of Bowie officials were on hand to inspect the emergency electrical generators that were delivered last week.
Mayor Gaylynn Burris and City Manager Bert Cunningham inspected one of three emergency electrical generators purchased as part of an ongoing Federal Emergency Management Agency Hazard Mitigation Grant. They also talked with Jay Evans, head of the city electric department, and Jerry Sutton, director of the water treatment plant about the next step for installation of the generators.
This grant provides funding for one 150 kW and two 250 kW generators for use at the water treatment plant.
Read the full story in the mid-week Bowie News.
City Manager Bert Cunningham and Mayor Gaylynn Burris talk with the electric and water department staff about the new generators. (Photo by Cindy Roller)
-
NEWS2 years ago2 hurt, 1 jailed after shooting incident north of Nocona
-
NEWS8 months agoSuspect indicted, jailed in Tia Hutson murder
-
NEWS1 year agoSO investigating possible murder/suicide
-
NEWS2 years agoWreck takes the life of BHS teen, 16
-
NEWS12 months agoMurder unsolved – 1 year later Tia Hutson’s family angry, frustrated with no arrest
-
NEWS1 year ago
Sheriff’s office called out to infant’s death
-
NEWS2 years agoBowie Police face three-hour standoff after possible domestic fight
-
NEWS2 years ago
Driver stopped by a man running into the street, robbed at knifepoint