Andover Public Schools Sets Bond Election For May
Voters in the Andover Public School District will decide two bond proposals in an election set for this spring. The district is looking to build two new schools, and make safety upgrades to school buildings and facilities.
The first proposition includes nine projects at a cost of about $169 million. There would be no tax increase.
If approved, six schools would get storm shelters and enhanced security for entrances. A new Meadowlark Elementary would be built, and the existing building would be renovated for district offices.
The proposal also calls for a new Andover High School to be built at the current location.
The second bond issue looks at building a district swimming pool and a career studies center, as well as adding artificial turf to some athletic fields.
The projects total about $20 million and there would be a 2.3 mill tax increase. That means the owner of a home valued at $100,000 would pay an extra $26 per year if this proposition is approved.
The district says the bond election calls for 17-year bonds with interest rates at about 3.5 percent. Under current legislation, the district expects the state to pay 24 percent of the principal and interest of the bond issue, which totals about $45 million.
Voting will take place May 9.
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