Andover Approves Facility Sale to Vornado Air LLC

The City of Andover authorized the sale of its industrial revenue bond-financed warehouse facilities to Vornado Air, LLC, contingent on Vornado’s funding of the complete payoff of the 2019 and 2020 bonds and a $1,000 payment to the City. The resolution also approves early redemption of the bonds and execution of conveyance, lease termination, and indenture release documents, with closing targeted for July 24, 2026.

Scope & details

The full contract record, as filed.

Contract amount

$1,000 plus bond payoff deposits sufficient to fully defease and pay the Series 2019 and Series 2020 Bonds

Contract type

OTHER

Renewal date

2026-07-24

Renewal

This action is an exercise of a purchase option under the existing lease and results in termination of the lease and discharge of the indenture; no further renewals apply.

Document type

Resolution

Source document

City of Andover Resolution No. 26-18 Relating to the Redemption and Exercise of Option to Purchase 2026-07-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Andover?

Vornado Air Llc was awarded this government contract by City of Andover, as recorded on July 14, 2026. The contract value is $1,000 plus bond payoff deposits sufficient to fully defease and pay the Series 2019 and Series 2020 Bonds.

How much is the Vornado Air Llc contract with City of Andover worth?

The Vornado Air Llc contract with City of Andover is valued at $1,000 plus bond payoff deposits sufficient to fully defease and pay the Series 2019 and Series 2020 Bonds.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Andover Resolution No. 26-18 Relating to the Redemption and Exercise of Option to Purchase 2026-07-14 (Resolution), dated July 14, 2026 from City of Andover. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vornado Air Llc hold?

Vornado Air Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vornado Air Llc's profile

What is City of Andover currently buying?

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