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.
A crew from Scarborough Engineering was working on control termination wiring in the control room of the Bowie Substation last week. They were integrating additional equipment including the new transformer. Once everything is connected it will go through a testing phase. The transformer project has been stalled during the past year awaiting the arrival of various parts. (News photo by Barbara Green
By BARBARA GREEN
editor@bowienewsonline.com
After more than a year of turmoil and upheaval it appears the Amon Carter Lake Water Supply Corporation is back on its feet with a slate of new board members and plans to review by-laws and operations.
Last August all the board members resigned in the wake of a lawsuit by a resident who could not obtain water for a small housing development despite being in the district. The property owner also accused the board of not following open meetings or open records laws, or its own by-laws.
After the board resigned a receivership was requested from the court and was named in December 2025. The receiver or temporary manager was Nocona attorney Zach Renfro, who was directed by the court to seek out possible directors to rehabilitate the association and assure it meets the obligation of continuing to provide water to more than 300 members.
The corporation board conducted its first general membership meeting on March 27 where a state of the corporation was given and new directors
named. They are Kevin McShan, president; Josh Swint, vice president; Carla Swofford, secretary; Wesley Kelly, treasurer; Zach Gunter, Rob Hankins and Chase Thomas, all directors.
Read the full story in your Thursday Bowie News.
The Bowie City Council meeting scheduled for April 28 was canceled due to the lack of a quorum.
Councilors Boyd Hulstine, Stephanie Post and Brent Shaw were present along with Mayor Gaylynn Burris, Four council members are required. Laramie Truax, Laura Sproles and TJay McEwen were absent. The agenda items were expected to be placed on the next agenda of business for the council.
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