Board ratifies documents for $2.5M term note at 5.32% and accepts May unaudited financials
Jun 23, 2026
Jun 23, 2026
The River Ridge CDD approved executing documents, ratified a resolution and accepted the unaudited financial statements as of May 31, 2026; the Board approved a revised term sheet and loan documents reflecting a final interest rate of 5.32% on the $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note.
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Cleo Adams presented the unaudited financial statements as of May 31, 2026, reviewing balance‑sheet items and a proposed capital improvement projection. The Board accepted the financial statements for informational purposes.
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