NEWS
City of Bowie refunds bonds; expects to save $136K interest
By BARBARA GREEN
editor@bowienewsonline.com
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.
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.
Members of the Montague County Commissioner’s Court will meet at 9 a.m. on May 11.
After the consent agenda and public comments, the court will discuss an interlocal agreement between precinct two and the Bowie Sports Association for the baseball complex.
Precinct three will ask for a line-time budget adjustment of $15,000 from operating expenses to part-time.
The court will open and consider accepting sealed bids for emulsified asphalt and prime oil, all on a 90-day contract.
The consent agenda of minutes, bills and reports also is slated.
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