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River Ridge outlines gatehouse, monument plans and potential $2.5M loan for CIP
Summary
The board reviewed a revised long-range plan that includes gatehouse renovations (FY2026 estimate $615,775; FY2027 $407,240), replacement of four monuments estimated at $250,000, and a near-complete backup irrigation well costing $291,500. Staff said CIP changes may require a construction loan of about $2.5 million.
District staff presented a revised Long Range Plan and cost estimates for multiple capital projects, including gatehouse renovations and neighborhood monument replacements. Mr. Eric Long said the gatehouse renovation is estimated at $615,775 for Fiscal Year 2026 and $407,240 for Fiscal Year 2027, and that the estimate to replace four monuments remains at an estimated probable cost of $250,000.
Long also reported the backup irrigation well project is near completion; the additional well cost is $291,500 and staff expects the current pump to be installed and operational within weeks, followed by water-quality testing. Mr. Long said overall changes in the capital improvement plan will likely necessitate a loan of approximately $2.5 million to cover the CIP timing and costs.
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