River Ridge CDD approves $2.5 million tax-exempt term note at 5.32%
The River Ridge CDD board approved executing documents to complete a $2.5 million tax-exempt term note with Gulf Coast Business Bank at a final interest rate of 5.32%; staff said the move will be recorded as Resolution 2026-05 and updated capital-improvement projections were distributed.
The full story
The River Ridge Community Development District Board of Supervisors on June 23 voted unanimously to approve executing all documents and ratifying a resolution that finalizes a $2.5 million Series 2026 Gulf Coast Business Bank tax-exempt term note at a 5.32% interest rate. The motion was made by Mr. Blumenthal and seconded by Mr. Twombly.
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