River Ridge to transfer $700,000 to insured sweep account; term sheet for $2.5M construction loan expected
The board reviewed unaudited financial statements and agreed to transfer $700,000 to an Insured Cash Sweep account; staff will pursue long-term CD options and Mr. Adams will provide a term sheet for a proposed $2.5 million construction loan (Costs of Issuance: $50,000) at the next meeting.
The full story
At the April 28 meeting the board reviewed Unaudited Financial Statements as of March 31, 2026, and discussed investment and financing steps related to the district's capital program.
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