Local News
Wells Council discusses bonding options
The big item on the agenda of the Wells City Council meeting on Monday, Jan. 26, was the public hearing on the proposal to adopt a street reconstruction plan and the intent to issue General Obligation Street Reconstruction Bonds. Jessica Green of Northland Securities was at the meeting to explain the financing plans. “The first item I will discuss is the issuance of $3,990,000 in General Obligation Temporary Utility Revenue Bonds,” Green said. “Proceeds from the bonds will be used to finance water, sewer and storm sewer improvements associated with the Highway 22 project. The ...
