River Ridge approves $2.5M tax‑exempt term note amid monument cost increase

May 26, 2026

Board approved a Gulf Coast Business Bank tax‑exempt term note for $2.5 million, subject to amending the acceleration clause and finalizing documents, after staff reported bids for four monuments rose from $250,000 to $631,000.

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Eric Long reported that bids for four monuments increased from $250,000 to $631,000; the figure was not itemized and did not include landscaping. Long said the stormwater management project, wells, traffic calming and gatehouse renovation costs remained unchanged and that paver costs were still pending. Board members discussed phasing the monument work and waiting for value‑engineering numbers.

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