The City of Wells has adopted it Five Year Street Reconstruction Plan for 2026 through 2030, with the first major project focused on Highway 22 in 2026. Top help fund the work, the city is authorizing up to $650,000 in General Obligation Street Reconstruction Bonds.
City officials say bond funding is necessary to keep up with growing street reconstruction needs, as annual budgets alone cannot cover major projects. The bonds will help pay for reconstruction and bituminous overlays, along with safety improvements, turn lanes and local shares of state or county road projects.
Under state law, the bond issuance requires public notice, a hearing and could be subject to a reverse referendum. Wells currently has $60,000 in outstanding street bonds, leaving the city well with in its legal debt limit of $4.56 million.
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