OTHERRECOMMENDED

City proposes land sale to Commonwealth for housing

The City of Williston is asked to approve a Real Estate Purchase Agreement with Commonwealth Real Estate Acquisitions, LLC to sell approximately 211,200 square feet in Williston Square for a multifamily housing project for $347,870. The deal includes LIHTC-contingent closing by June 30, 2026, earnest money deposits, and a development covenant requiring vertical construction within 24 months.

Status
RECOMMENDED
Document date
September 9, 2025
Contract type
OTHER
Vendor
Commonwealth Real Estate Acquisitions Llc
Agency
City of Williston · ND

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$347,870.00 (plus $10,000 earnest money and up to three $5,000 closing extensions credited at closing)
Contract type
OTHER
Contract term
Closing no later than the earlier of June 30, 2026 or 15 days after Commonwealth’s notice to proceed; up to three 30‑day closing extensions
Renewal date
2026-06-30
Renewal
Agreement allows up to three 30‑day closing extensions upon $5,000 deposits each; development covenant includes automatic reversion if vertical construction does not commence within 24 months of closing, subject to force majeure tolling up to 180 days.
Document type
Agenda
Source document
city-of-williston-board-of-city-commissioners-agenda-september-9-2025_9d4.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Williston?

Commonwealth Real Estate Acquisitions Llc was awarded this government contract by City of Williston, as recorded on September 9, 2025. The contract value is $347,870.00 (plus $10,000 earnest money and up to three $5,000 closing extensions credited at closing).

How much is the Commonwealth Real Estate Acquisitions Llc contract with City of Williston worth?

The Commonwealth Real Estate Acquisitions Llc contract with City of Williston is valued at $347,870.00 (plus $10,000 earnest money and up to three $5,000 closing extensions credited at closing).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-williston-board-of-city-commissioners-agenda-september-9-2025_9d4.pdf (Agenda), dated September 9, 2025 from City of Williston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Commonwealth Real Estate Acquisitions Llc hold?

Commonwealth Real Estate Acquisitions Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Commonwealth Real Estate Acquisitions Llc's profile

What is City of Williston currently buying?

Explore City of Williston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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