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River Ridge CDD adopts loan amendment, approves $173,367.78 ditch‑cleaning contract
Summary
At its June 25 meeting the River Ridge CDD adopted Resolution 2024‑05 to amend use of Series 2024 Note proceeds and approved an MRI Construction, Inc. estimate of $173,367.78 to clean dry retention flow‑way ditches adjacent to River Course holes #6–#8; both votes passed unanimously on motions recorded in the minutes.
The River Ridge Community Development District board on June 25 adopted Resolution 2024‑05 to amend the use of proceeds from its Improvement Revenue Note, Series 2024, and authorized a first amendment to the loan agreement with Synovus Bank, the note purchaser.
Chuck Adams presented the resolution materials and Kurt Blumenthal moved to adopt Resolution 2024‑05; Terry Mountford seconded the motion. The minutes record the measure was adopted “with all in favor.” District Counsel had drafted an opinion letter supporting the resolution, according to the minutes.
Following the resolution, District Engineer Charlie Krebs presented MRI Construction, Inc.'s estimate of $173,367.78 to clean the dry retention flow‑way ditch adjacent to River Course holes #6 through #8. On motion by Blumenthal, seconded by Robert Twombly, the board approved the MRI estimate; the minutes state the approval passed “with all in favor.” Adams said loan proceeds will cover the drainage projects as part of the original improvement scope and that staff had included irrigation work with a 10% contingency in their planning.
Why it matters: The board’s action authorizes use of Series 2024 Note proceeds for drainage work and approves a contractor estimate to remove debris and clean flow‑way ditches, an initial step the district contends will address localized flooding and flow issues.
Next steps: Staff will proceed with contract administration and coordinate required drainage easements for portions of the work; sketches and legal descriptions for easements will be prepared and routed to counsel for processing.
