River Ridge approves $2.5 million tax‑exempt term note, negotiates monument timing
The board approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to changes to the acceleration clause and final documentization. Directors noted a verbal monument cost increase from $250,000 to $631,000 and discussed phasing projects.
The full story
The River Ridge CDD board approved a tax‑exempt term note with Gulf Coast Business Bank to finance district projects in the amount of $2,500,000, subject to amending the acceleration provision and finalizing loan documents.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in