NEWS
BISD acts on bond refund; reviews budget options
By BARBARA GREEN
[email protected]
Bowie School Trustees will move forward with a bond refund plan that will save the district more than $19,000 a year in interest during the final 10 years of the bonds.
The board met Thursday night in a called session to hear the bond proposal and to continue work on the budget proposal. Lewis Wilks, U.S. Capital Advisors, and Tom Sage, bond counsel with Hunton Andrews Kurth LLP discussed the plan via a zoom meeting with the board.
These are 2012 bonds callable in 2021. The refund will be on $5,520,000 in bonds. The district has been paying an average interest of 2.26 percent with the true interest at 1.23 percent. Wilks said the difference is the savings to the district which will be $233,771. It was pointed out this refinance does not impact the term or extend it.
Read the full story 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)
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