River Ridge approves $2.5 million tax‑exempt term note, considers delaying monuments project
The Board authorized a $2.5 million tax-exempt term note to finance gatehouse renovations, stormwater and other projects, after discussing a verbal monument bid increase from $250,000 to $631,000 and agreeing to amend an acceleration clause before finalization.
The full story
The Board approved a Gulf Coast Business Bank tax-exempt term note financing $2,500,000 to support projects including gatehouse renovations, stormwater management, wells and traffic calming, subject to amending the note’s acceleration clause and finalizing documents.
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