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River Ridge CDD adopts loan amendment and approves $173,367.78 ditch‑cleaning contract
Summary
At its June 25 meeting the River Ridge CDD adopted Resolution 2024‑05 to amend the use of Series 2024 note proceeds and approved MRI Construction’s $173,367.78 estimate for dry‑retention ditch cleaning adjacent to River Course Holes #6–#8; both motions passed unanimously.
The River Ridge Community Development District board on June 25 adopted Resolution 2024‑05 to amend the use of proceeds from its Series 2024 improvement revenue note and authorized a first amendment to the loan agreement with Synovus Bank.
District Manager Chuck Adams said the loan proceeds will cover drainage projects and that staff had included the irrigation project with a 10% contingency in the revised scope. The board adopted the resolution on a motion by Supervisor Kurt Blumenthal, seconded by Supervisor Terry Mountford; the motion passed “with all in favor.”
Immediately after the resolution was adopted the board approved an estimate from MRI Construction, Inc. for dry‑retention flow‑way ditch cleaning adjacent to River Course Holes #6–#8 in the amount of $173,367.78. That motion was made by Mr. Blumenthal, seconded by Mr. Twombly and passed unanimously. District Engineer Charlie Krebs answered questions about scope and funding during the discussion.
The approvals provide financing and a contractor authorization for drainage work the district staff and residents discussed earlier in the meeting; the transcript does not specify an effective date for the loan amendment or a start date for the contractor work.
