River Ridge CDD ratifies $2.5 million term note at 5.32% interest
The River Ridge CDD Board approved executing documents for a $2.5 million Series 2026 tax‑exempt term note with Gulf Coast Business Bank at a final rate of 5.32%, and ratified associated resolutions and loan documents.
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The River Ridge Community Development District voted June 23 to approve executing and ratifying loan documents for a $2.5 million Series 2026 Gulf Coast Business Bank tax‑exempt term note at a final interest rate of 5.32%. On a motion by Kurt Blumenthal, seconded by Robert Twombly, the Board approved executing the revised Term Sheet, Loan Agreement and Note and ratifying the related Resolution (motion passed unanimously).
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