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The issuance of $7,500,000 tax bond by the City of Mineral Wells for street and road improvements, including water and sewer lines in connection with such street and road improvements.
The issuance of $3,960,000 tax bonds by the City of Mineral Wells for constructing and installing a water line along Highway 180 West.
General Obligation (GO) Bonds are an important source of funding for basic capital improvements (bricks and mortar) that our growing community requires to thrive.
General Obligation Bonds are typically best suited for projects that benefit the general public but generate little or no revenue to pay debt service.
The City typically uses GO Bonds for initiatives including: