River Ridge CDD approves $2.5 million tax‑exempt term note at 5.32%
The River Ridge Community Development District Board on June 23 approved executing documents to borrow $2.5 million through a Series 2026 tax‑exempt term note with a final interest rate of 5.32%; the Board also accepted unaudited financial statements as of May 31, 2026.
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The River Ridge Community Development District Board voted unanimously June 23 to execute loan documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final rate of 5.32%. The motion was made by Supervisor Kurt Blumenthal and seconded by Supervisor Robert Twombly; the Board approved the revised term sheet, loan agreement and related documents.
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