River Ridge approves $2.5 million term note; monument bid rise flagged
The board approved a $2.5 million tax‑exempt term note from Gulf Coast Business Bank with conditions after staff reported a verbal increase in the monument bid from $250,000 to $631,000; the board may delay monuments and proceed with permitting.
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The River Ridge board approved a Gulf Coast Business Bank tax‑exempt term note financing for $2,500,000 on May 26, subject to amending the note’s acceleration clause and finalizing documents.
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