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 Bowie City Council will meet at 6 p.m. on April 22 in the council chambers.
City Manager Bert Cunningham in his report will discuss the comprehensive planning grant and the substation transformer.
In old business there will be second readings for the water rate ordinance tabled from the last meeting, plus the new ordinances related to the operation of food trucks in the city.
In new business the council will discuss section 3 policy updates for the community development grant for Smythe Street sidewalks and hear a request from public works to use $9,763 out of the tap account to purchase 64 meters.
By BARBARA GREEN
[email protected]
The City of Bowie received an unqualified audit for 2023-24 presented by its outside auditor during its April 8 meeting.
Valerie Halverson of the Mathis, West, Huffines Group, Wichita Falls, reviewed the extensive report on the city’s funds.
She noted it was a busy year dealing with several major capital projects along with tracking grant funds, but the city met all the general accounting standards.
Read the full story on the outside audit in the Thursday Bowie News.
(Top photo) Volunteers Janet Morgan, Pattye Graham, Jo Lee and Carolyn Cantwell were busy at the registration table during “Sight for All” event sponsored by Bowie and Graham Lions Clubs on April 5 at Bowie First Methodist Church. There were nine stations for screenings for eye diseases and about 50 people went through.
About 50 people attended the Bowie Lions and Graham Lions Club program for eye screening hosted in Bowie recently. There were nine stations through which people were screened or things like glaucoma and other eye diseases. If any concerns were raised information was available about referrals and related assistance. (Courtesy photos)
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