River Ridge board approves $2.5 million term note at 5.32%
The River Ridge CDD Board approved execution and ratification of 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%, and the motion will be reflected as Resolution 2026‑05.
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The River Ridge Community Development District Board of Supervisors voted June 23 to execute documents approving a $2.5 million Series 2026 tax‑exempt term note from Gulf Coast Business Bank at a final interest rate of 5.32%. The motion was made by Kurt Blumenthal and seconded by Robert Twombly; the vote was recorded as "with all in favor."
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