River Ridge CDD approves $2.5 million term note as monument bids surge
Board members approved a $2.5 million tax‑exempt term note after hearing that monument bids rose from $250,000 to $631,000; the board agreed to proceed with permitting and defer monuments if necessary, subject to language changes in the note.
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The River Ridge Community Development District on May 26 unanimously approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, after staff reported a sharp, unitemized increase in monument bids.
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