River Ridge CDD approves $2.5 million tax‑exempt term note at 5.32%
The River Ridge Community Development District approved executing documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final interest rate of 5.32%; the Board ratified related loan documents and a resolution during its June 23 meeting.
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The River Ridge Community Development District voted unanimously on June 23 to execute all necessary documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final rate of 5.32%. The motion to approve the loan documents, ratify the related resolution and accept the revised term sheet was moved by Kurt Blumenthal and seconded by Robert Twombly and carried on a voice vote.
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