Town of Pearl Lake Awards Financial Services Contract to Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency (July 2025)

The Devils Lake Job Development Authority executed a construction mortgage with the Industrial Commission acting as the North Dakota Housing Finance Agency to secure up to $480,000 in financing for a single-family Housing Incentive Fund project. The July 7, 2025 agreement pledges four residential lots in Devils Lake as collateral.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $480,000 principal

Contract type

FINANCIAL_SERVICES

Renewal

Mortgage secures a July 7, 2025 promissory note for $480,000; renewals or extensions would occur via note modifications as allowed under the loan documents.

Document type

Agenda

Source document

town-of-pearl-lake-agenda-2025-07-07_a73.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Pearl Lake?

Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency was awarded this financial services contract by Town of Pearl Lake, as recorded on July 7, 2025. The contract value is Not to exceed $480,000 principal.

How much is the Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency contract with Town of Pearl Lake worth?

The Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency contract with Town of Pearl Lake is valued at Not to exceed $480,000 principal, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in town-of-pearl-lake-agenda-2025-07-07_a73.pdf (Agenda), dated July 7, 2025 from Town of Pearl Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency hold?

Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency 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 Industrial Commission Acting in Its Capacity as the North Dakota Housing Finance Agency's profile

What is Town of Pearl Lake currently buying?

Explore Town of Pearl Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Pearl Lake's profile