Board approves $2.5M term note as monument bids spike to $631,000
District staff reported a verbal increase in monument bids from $250,000 to $631,000; the board approved a $2.5 million Gulf Coast Business Bank tax‑exempt term note subject to amending the acceleration clause and finalizing documents.
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The River Ridge board authorized a $2.5 million tax‑exempt term note with Gulf Coast Business Bank May 26 as staff reported a substantial increase in monument bid pricing.
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