NEWS
Rebid process pays off for city with great low interest rate
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.
Calling all Montague County clubs, organization and community groups, if you would like to have a brief on your non-profit group included in the 2025 Montague County Visitor’s and Newcomer’s Guide free of charge please submit it to editor@bowienewsonline.com. Deadline is June 6. Please include i.e , regular meeting dates, locations, time, dues, and contact phone or email. Don’t miss an opportunity to be in this award winning publication.
-
NEWS3 years ago2 hurt, 1 jailed after shooting incident north of Nocona
-
NEWS2 years agoSuspect indicted, jailed in Tia Hutson murder
-
NEWS2 years agoSO investigating possible murder/suicide
-
NEWS2 years agoWreck takes the life of BHS teen, 16
-
NEWS2 years agoMurder unsolved – 1 year later Tia Hutson’s family angry, frustrated with no arrest
-
NEWS2 years ago
Sheriff’s office called out to infant’s death
-
NEWS2 years agoBowie Police face three-hour standoff after possible domestic fight
-
NEWS3 years ago
Driver stopped by a man running into the street, robbed at knifepoint