River Ridge board approves $2.5 million tax‑exempt term note; monuments project deferred

Eric Long told the board that the bid for four monuments increased from $250,000 to $631,000 and that the higher monument cost was not itemized or inclusive of landscaping. District staff discussed options to proceed with permitting and postpone the monuments to a later date. On a motion by Supervisor Kurt Blumenthal, seconded by Chair Bob Schultz, the board approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to amending the acceleration clause in the note, finalizing documents and authorizing the chair to execute.