River Ridge approves $2.5 million tax‑exempt term note; monument purchase may be delayed
The Board approved a $2.5 million Gulf Coast Business Bank tax‑exempt term note, subject to amending the acceleration clause and finalizing documents, after discussion that monument costs rose to $631,000 and could be deferred.
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The River Ridge Board voted to approve a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000 on May 26, subject to amending an acceleration clause and finalizing documents before execution.
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