River Ridge board approves $2.5 million tax‑exempt term note at 5.32%
The River Ridge CDD board ratified documents and approved a $2.5 million Series 2026 tax‑exempt term note at a final rate of 5.32%, accepted unaudited May financials, and directed updates to capital projection titles. Resolution assignment was expected as Resolution 2026‑05.
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The River Ridge Community Development District on June 23 approved execution of documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final interest rate of 5.32%. District Manager Chuck Adams presented the unaudited financial statements as of May 31, 2026, and the Board ratified the related resolution and paperwork.
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