River Ridge CDD approves $2.5 million tax‑exempt term note; monuments project costs questioned
The board approved a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to modifying the acceleration clause and finalizing documents. Members noted a verbal increase in a monuments bid from $250,000 to $631,000, which is not itemized and excludes landscaping.
The full story
The River Ridge Community Development District approved a tax‑exempt term note with Gulf Coast Business Bank to finance $2,500,000, subject to amending the acceleration provision and finalizing documents. The motion passed unanimously on May 26 and authorized the Chair to execute the finalized documents.
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