River Ridge approves $2.5 million tax‑exempt term note; monument bid increase flagged
The board approved a $2.5 million tax‑exempt term note from Gulf Coast Business Bank subject to amendment of an acceleration clause and final documentization, while noting monument bids rose verbally from $250,000 to $631,000 and may require reprioritization.
The full story
The River Ridge board voted to approve a $2,500,000 tax‑exempt term note from Gulf Coast Business Bank on May 26, 2026, subject to amending the acceleration clause in the note and finalizing related documents. The chair was authorized to execute the finalized documents when they are complete.
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