River Ridge CDD ratifies $2.5 million tax-exempt term note at 5.32%
The River Ridge Community Development District board approved documents and ratified a $2.5 million Series 2026 tax-exempt term note at a final rate of 5.32%, and expects the action to be recorded as Resolution 2026-05. The board also accepted unaudited financial statements dated May 31, 2026.
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The River Ridge Community Development District Board of Supervisors on June 23 approved executing the revised term sheet, loan agreement and note for a $2.5 million Series 2026 Gulf Coast Business Bank tax-exempt term note at a final interest rate of 5.32%.
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