River Ridge approves $2.5 million term note; monument bid jump prompts project‑phasing discussion
The board approved a Gulf Coast Business Bank tax‑exempt term note of $2.5 million, subject to amending the acceleration clause and finalizing documents, after staff reported a verbal increase in monument bids from $250,000 to $631,000.
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Mr. Long told the Board that the bid for four entry monuments rose verbally from $250,000 to $631,000 and that the figure was not itemized or inclusive of landscaping. He said other project costs for stormwater, wells, traffic calming and gatehouse renovations remained unchanged.
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