River Ridge approves $2.5M tax‑exempt term note amid monument bid increase
Board authorized a Gulf Coast Business Bank tax‑exempt term note financing $2,500,000, subject to amending the acceleration clause and finalizing documents, after staff reported a verbal monument bid increase from $250,000 to $631,000 and discussed delaying monuments.
The full story
The River Ridge board approved a tax‑exempt term note with Gulf Coast Business Bank financing $2,500,000, with the chair authorized to execute final documents after staff amends an acceleration clause.
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