River Ridge approves $2.5 million term note amid higher monument bids
Board approved a $2.5 million tax‑exempt term note from Gulf Coast Business Bank, subject to clarifying the acceleration clause and finalizing documents, after members noted monument bids rose sharply to $631,000 from $250,000.
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The River Ridge Board on May 26 approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to amending the acceleration clause, finalizing documents and authorizing the chair to execute. The motion passed on a second by Supervisor Bob Schultz following a motion by Supervisor Kurt Blumenthal.
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