River Ridge CDD approves $2.5 million term note after monument cost jump
The Board approved a $2.5 million tax‑exempt term note to finance district projects while agreeing to delay monument work after bids for four monuments rose from $250,000 to $631,000; the financing is subject to amending the note's acceleration clause and finalizing documents.
The full story
The River Ridge Community Development District Board voted May 26 to authorize a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to final document revisions and amending the note's acceleration clause. The motion was made by Supervisor Kurt Blumenthal, seconded by Chair Bob Schultz and approved unanimously.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in