Andover voters approved two bond issue questions on Tuesday, May 9 that will fund over $188 million dollars worth of school and athletic projects. Here are the unofficial results of the election:
Question #1: Yes: 2412 No: 815
Question #2: Yes: 1772 No: 1452
The bond issue included replacing Andover High school and Meadowlark Elementary. It also includes storm shelters and secure entrances, a district tennis complex, upgraded athletic facilities, a middle- and high-school orchestra program, an expanded preschool program and other necessary facility improvements.
Thanks to our community and all who have been involved in this process and the campaign. You are the main reason Andover is a great place to raise a family. We are moving forward with bond planning starting next week and look forward to our bright future.
Project Scope: Next 3 Years
Over the next three years, construction will take place across the district which contains the following projects that were voted on in the 2017 Bond Election:
Proposition 1: $168.8 million that results in NO bond mill rate increase includes:
Proposition 2: $19.805 million that results in a 2.3 mill rate increase* and includes:
*The mill rate increase on a $100,000 home for proposition 2 would be $26.45 per year, just over $2 per month.
Financial Plan: $0 or $2 Mill Rate Increase
The current bond indebtedness will expire September 2019. The bond issue is for a 17-year bond that will be paid off in 2034. Interest rates are estimated at 3.5 percent which are near historically low levels for the past 50 years. Current legislation says the state will pay 24 percent of the principal and interest of the bond issue, totaling $45,312,000. Proposition 1, consists of $168.8 million that results in NO bond mill rate increase where Proposition 2 includes additions consisting of $19.805 million worth of projects that results in a 2.3 mill rate increase. The mill rate increase on a $100,000 home will be 2.3 mills - $26.45 per year, just over $2 per month.
Facilities Study: Identifying the Need
Andover has long been a leader in excellence as it relates to facilities, academic and athletic achievements. The district, in partnership with our community, studied its facilities for the past year. We are committed to providing opportunities for our students to successfully learn and grow.
Over the last year, around 170 district staff, parents and community members participated in a facilities study process to identify district needs and dreams for the future. Participants evaluated solutions for the district and reviewed finance, demographics, technology, pupil transportation, infrastructure, community research and data for each building to develop a new vision for Andover’s facilities. In December 2016, the Board of Education accepted the Master Facilities Plan that included renovating or expanding all ten district school buildings, support centers and athletic facilities. In addition, it proposes options to construct new campuses for Meadowlark Elementary and Andover High School. The cost of these new buildings and renovations is $188.605 million, for which the district has covered in two propositions the May 9 bond election.