River Ridge CDD ratifies $2.5 million tax-exempt term note at 5.32%
The River Ridge Board ratified documents and authorized execution of a $2.5 million Series 2026 tax-exempt term note with Gulf Coast Business Bank at a final interest rate of 5.32%; financial statements as of May 31 were accepted and the updated CIP projections were distributed.
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The River Ridge Community Development District Board of Supervisors on June 23 ratified a resolution and authorized execution of documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax-exempt term note, approving a final interest rate of 5.32%.
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