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Andover council approves bonds, temporary notes, annexations, sewer fee changes and Taser purchase
Summary
The Andover City Council unanimously approved a package of financing, annexation and procurement actions including $12.23 million in GO bonds, $36.235 million in temporary notes, two annexation motions, amendments to sewer connection surcharges and a five-year Axon Taser purchase totaling $139,752 subject to annual appropriation.
The Andover City Council on an evening meeting approved a set of financing, land and procurement measures intended to fund wastewater infrastructure, clarify utility fees and update public-safety equipment.
Council awarded the purchase of $12,230,000 in Series A 2025 general obligation bonds to FHN Financial Capital Markets and adopted the authorizing ordinance and a resolution describing the bonds’ form and details. The council also awarded $36,235,000 in temporary improvement notes to KeyBank Capital Markets; presenters said competitive bidding and lower interest rates will reduce the city’s financing costs compared with earlier projections. The council recorded votes on the bond and note approvals (motions carried 6-0).
On land-use items the council approved an ordinance to annex the Train Enterprises property at 9947 SW Meadowlark Road and adopted a resolution of intent to annex approximately 35 properties near South McCandless Road, setting a public hearing for Dec. 9, 2025. Staff told council the McCandless annexation would add…
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