Committee Backs $2 Million Series E Loan with BND
Garrison Diversion Conservancy DistrictSpecial District · Carrington, ND- Disclosed value
- $2,000,000 (Series E loan)
- From minutes
- Document date
- Sep 25, 2024
The 30-second brief
The Red River Valley Committee recommended that Garrison Diversion pursue a $2 million Series E loan from the Bank of North Dakota’s Water Infrastructure Revolving Loan Fund to match MR&I funds for ENDAWS design work. Fargo and Grand Forks have agreed in principle to back $1.5 million of the loan, subject to legal documentation and SWC approval.
Bank of North Dakota (Bnd) holds this financial services contract with Garrison Diversion Conservancy District. Its other public contracts on record include work for New Salem-Almont School District and Town of Jim River Valley.
Term as filed: Loan term same as Series D (unspecified, interim finance agreement).
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Contract details
- Contract type
- Financial Services
- Amount
- $2,000,000 (Series E loan)
- Document date
- September 25, 2024
- Term
- Loan term same as Series D (unspecified, interim finance agreement)
- Vendor
- Bank of North Dakota (Bnd)
- Source document
- Garrison Diversion Conservancy District Red River Valley Committee Minutes 2024-09-25 (Minutes)
Bank of North Dakota (Bnd)'s other public contracts
More Garrison Diversion Conservancy District contracts
Questions about this contract
Who was awarded the financial services contract by Garrison Diversion Conservancy District?
Bank of North Dakota (Bnd) was awarded this financial services contract by Garrison Diversion Conservancy District, as recorded on September 25, 2024. The contract value is $2,000,000 (Series E loan).
How much is the Bank of North Dakota (Bnd) contract with Garrison Diversion Conservancy District worth?
The Bank of North Dakota (Bnd) contract with Garrison Diversion Conservancy District is valued at $2,000,000 (Series E loan), 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 Garrison Diversion Conservancy District Red River Valley Committee Minutes 2024-09-25 (Minutes), dated September 25, 2024 from Garrison Diversion Conservancy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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