River Ridge CDD approves $2.5 million tax‑exempt term note at 5.32%
The River Ridge CDD board approved executing documents for a $2.5 million Series 2026 tax‑exempt term note from Gulf Coast Business Bank at a final interest rate of 5.32%, ratifying the related resolution and loan paperwork.
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The River Ridge Community Development District Board voted June 23 to execute all documents necessary to close a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final interest rate of 5.32%. The motion to approve the documents, ratify the resolution and accept the revised term sheet was made by Kurt Blumenthal and seconded by Robert Twombly; the motion passed "with all in favor."
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