Board approves $2.5 million term note after monument bid spike; chair authorized to execute
After staff reported a monument bid increase from $250,000 to $631,000, the River Ridge CDD approved a Gulf Coast Business Bank tax-exempt term note for $2.5 million subject to amending the acceleration clause and finalizing documents; the Chair is authorized to execute.
The full story
District staff informed the Board that the bid for four monuments had risen from $250,000 to $631,000 and that the figure was not itemized or inclusive of landscaping. Given the increase, staff recommended proceeding with permitting while delaying monuments if needed.
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