Select Board approves $500,000 TAN after executive session
Andover Select Board voted on Aug. 18 to authorize a $500,000 Tax Anticipation Note to cover near-term cash needs after an executive-session legal update; Chair Brian Mills will work with the deputy treasurer to complete the borrowing.
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The Andover Select Board voted Aug. 18 to approve a $500,000 Tax Anticipation Note (TAN) to cover upcoming expenses and cashflow needs. Chair Brian Mills said he would coordinate with the deputy treasurer to finalize the borrowing after the board returned from an executive session under 1 MRSA §405(6)(E).
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