River Ridge CDD adopts amendment to Series 2024 note and approves $173,367.78 ditch-cleaning contract
The River Ridge CDD board unanimously adopted Resolution 2024-05 to amend the use of proceeds of its Series 2024 improvement revenue note and approved MRI Construction's $173,367.78 estimate for dry retention flow-way ditch cleaning adjacent to River Course holes #6–#8; board minutes state loan proceeds will cover drainage projects and staff added the irrigation project with a 10% contingency.
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At its June 25 meeting, the River Ridge Community Development District Board of Supervisors unanimously adopted Resolution 2024-05 amending the use of proceeds for the District’s Improvement Revenue Note, Series 2024, and authorized a first amendment to the loan agreement with Synovus Bank, the purchaser of the note.
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