River Ridge CDD ratifies documents for $2.5M tax-exempt term note at 5.32%

Chuck Adams, District Manager, presented the unaudited financial statements as of May 31, 2026 and reviewed budget-line changes and balance-sheet items. Tony Pires recalled that the Term Sheet rate had been 5.17% and that the reset produced a final rate of 5.32%; the Board approved executing all necessary documents, ratifying a Resolution and approving the revised Term Sheet, Loan Agreement and the final rate of 5.32% on the $2.5 million Series 2026 Gulf Coast Business Bank Tax Exempt Term Note.