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River Ridge CDD re-elects officers, swears in three supervisors and reviews finances
Summary
The board adopted Resolution 2025-02 electing officers, Mrs. Adams administered oaths to three newly elected supervisors, and the board reviewed unaudited FY2024 statements noting intent to prepay Series 2022A bond debt; ethics-training deadlines were added to the Key Activity Dates list.
At its Nov. 19 meeting the River Ridge Community Development District re-elected district officers, administered oaths to newly elected supervisors and reviewed unaudited financial statements that include plans to close the Series 2022A note and apply funds to prepay bond debt.
Mrs. Adams, a Notary of the State of Florida, administered the Oath of Office to Kurt Blumenthal (Seat 3), Terry Mountford (Seat 4) and Robert Twombly (Seat 5). The board then considered Resolution 2025-02 to elect officers. Mr. Mountford nominated Bob Schultz for Chair, himself for Vice Chair, and Kurt Blumenthal, Robert Twombly and Keith Merrill as Assistant Secretaries; the nomination was adopted on a motion by Mr. Mountford, seconded by Mr. Blumenthal.
During the financial review Mrs. Adams presented the unaudited financial statements as of Oct. 31, 2024 and said the Series 2022A note will be closed and funds used to prepay bond debt. Supervisor Kurt Blumenthal asked why the Oct. 1 annual insurance payment did not appear in the check register; Mrs. Adams said she would investigate and report back. The board approved the Oct. 22, 2024 minutes as amended.
Why it matters: Reconstituting board leadership and confirming fiscal actions matters for governance and for ongoing capital and maintenance planning. The board added the required four hours of ethics training and Form 1 filing deadlines to the Key Activity Dates list for FY2024–2025.
Next steps: Mrs. Adams will report back on the missing insurance-payment entry; the board’s next regular meeting was set for Dec. 10, 2024 at 1:00 p.m.
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