Town of Andover Town Report 2026-06-30
Voters Asked to Approve $1 Million Road Bond
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Description
Andover voters will decide whether to authorize up to $1,000,000 in new general obligation bonds for additional road improvement projects, with an estimated 10-year cost of $1,176,586.76 at 3.074% interest. The Treasurer and Select Board would set final terms upon issuance.
Contract Details
Contract Amount
Not to exceed $1,000,000
Vendor
NEW ROAD BOND
Agency
Town of Andover, ME
Contract Type
FINANCIAL_SERVICES
Document Date
June 6, 2026
Contract Term
Expected 10-year bond at estimated 3.074% interest
Renewal Info
If approved, the bond will be issued once and amortized over its term; no automatic renewal is contemplated.
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