DDA Renews Bardic Wells Meadery Loan Agreement

The City of Montague Downtown Development Authority approved renewal of its loan agreement with Steve Haystead (Bardic Wells Meadery) for two years at $43,711.91 with 3% interest and monthly payments on a graduated schedule. Loan conditions include monthly sales and advertising documentation, business sale discussions, and a required business plan update.

Scope & details

The full contract record, as filed.

Contract amount

$43,711.91

Contract type

FINANCIAL_SERVICES

Contract term

Two years (monthly payments: $50/month through June 2026, $300/month July–December 2026, $400/month January–December 2027)

Renewal date

2027-12-31

Renewal

Loan previously renegotiated and extended multiple times (2014, 2016, 2019, 2022). New renewal sets two-year term with specified payment increases and conditions; further defaults trigger legal action. No auto-renewal specified.

Document type

Minutes

Source document

City of Montague Downtown Development Authority Meeting Minutes January 2026

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City of Montague Downtown Development Authority Meeting Minutes February 2026

AMENDED

City of Montague, Michigan$43,711.91 (starting balance), 3% annual interestFeb 19, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Montague?

Haystead, Steve Dba Bardic Wells Meadery was awarded this financial services contract by City of Montague, as recorded on January 15, 2026. The contract value is $43,711.91.

How much is the Haystead, Steve Dba Bardic Wells Meadery contract with City of Montague worth?

The Haystead, Steve Dba Bardic Wells Meadery contract with City of Montague is valued at $43,711.91, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Montague Downtown Development Authority Meeting Minutes January 2026 (Minutes), dated January 15, 2026 from City of Montague. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Haystead, Steve Dba Bardic Wells Meadery hold?

Haystead, Steve Dba Bardic Wells Meadery may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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