Mineral Wells looking at possible bond

The Mineral Wells city council has appointed a committee to look at a possible bond election.

A 14-member city-appointed bond program steering committee was selected by Mineral Wells City Council in December to explore a variety of citywide general improvement projects for a possible 2016 capital improvement bond proposal package.

The Mineral Wells Index said the city’s existing debt service from previous bonds will be paid off in 2016.

The last bond the city issued was in 2002 to buy the fire department a pumper truck, he said, and the last multimillion bond was issued in 1989, which included improvements in streets, sewers and parks and recreation.

City Manager Lance Howerton presented the committee with potential projects in the city’s inventory – about $54 million worth – they could consider and added they could also come up with projects of their own, if desired. Projects in the city’s inventory ranged from minor street repairs to building a new police station and fire station.

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