Town of Andover Town Report 2026-06-30
Town Continues Servicing Road and Fire Truck Bonds
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Description
Andover reports $2,126,727.70 in outstanding bonded indebtedness, including 10-year bonds for road improvements and a fire truck. FY27 articles appropriate annual principal and interest payments to service these obligations.
Contract Details
Contract Amount
$2,126,727.70 outstanding (various bonds)
Vendor
MAINE MUNICIPAL BOND BANK (IMPLIED)
Agency
Town of Andover, ME
Contract Type
FINANCIAL_SERVICES
Document Date
June 6, 2026
Contract Term
Multiple bonds including 10-year road and fire truck bonds
Renewal Info
Existing bonds run on fixed 10-year terms; no renewals are contemplated, only annual payments until maturity.
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