River Ridge board approves $2.5 million tax‑exempt term note at 5.32%
The Board approved executing documents and ratified a resolution for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final interest rate of 5.32%; administrative fee recoding and capital projections were also discussed.
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The Board approved executing all necessary documents, ratifying a resolution, and accepting a revised term sheet, loan agreement and note for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final rate of 5.32 percent. The minutes record that the motion was made by Kurt Blumenthal, seconded by Robert Twombly, and approved "with all in favor."
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