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Andover council begins RHID process for 73‑acre Penner property to address infrastructure cost gap
Summary
The Andover City Council on April 14 approved a resolution of intent to start the statutory process for a reinvestment housing incentive district (RHID) covering about 73 acres of the Penner property, aiming to use future tax increment to help offset unusual water and electric hookup costs. Council emphasized the step does not commit the city to financing or agreements and additional feasibility work will be presented April 27.
The Andover City Council voted April 14 to adopt a resolution of intent to initiate the statutory process for a reinvestment housing incentive district (RHID) for roughly 73 acres of the Penner property north of 21st Street.
“RHID isn't being recommended to give the developer a windfall, but it's being considered because this site faces cost burdens that comparable properties in Andover do not,” said Jolene Graham, assistant city administrator, describing the staff recommendation and the limits of the current action. Graham told the council the resolution starts the multi‑step statutory process but “does not commit the city to establishing the district or approve any financial structure or…
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