Board authorizes $2.5 million Gulf Coast Business Bank term note subject to final edits
River Ridge approved a $2.5 million tax‑exempt term note from Gulf Coast Business Bank May 26, with the Chair authorized to execute after amending the acceleration clause and finalizing documents; members discussed a monument bid increase from $250,000 to $631,000.
The full story
The River Ridge Board approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000 on May 26, subject to amending the acceleration provision in the Note and final document finalization. The motion authorized the Chair to execute the documents after staff makes the requested revisions.
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