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Council approves Piper Sandler financial advisory agreement for 2026–2028 bond work
Summary
The Andover City Council approved a financial advisory services agreement with Piper Sandler to support bond and note financings through 2028; Clayton Kelly of Piper Sandler explained a modest fee increase tied to fee bands and said the firm is paid only when financing closes.
The Andover City Council voted 5-0 to approve a financial advisory services agreement with Piper Sandler that will cover matters related to the issuance of bonds and temporary notes through 2028.
City staff introduced the contract renewal and said the city must maintain a financial services agreement to move forward with permanent bond or temporary note financings.…
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