Board authorizes $2.5M tax‑exempt term note after monument cost increases
The board approved a Gulf Coast Business Bank tax‑exempt term note for $2.5 million, subject to amendments, after members noted a verbal increase in monument bids from $250,000 to $631,000. The board discussed phasing projects and value engineering.
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Eric Long told supervisors the bid for four monuments had increased verbally from $250,000 to $631,000 and that the figure was not itemized and did not include landscaping. District staff discussed whether to proceed with permitting while delaying the monuments if necessary.
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