FINANCIAL_SERVICESAPPROVED

North Dakota Industrial Commission Awards $4,543,000 Financial Services Contract to City of Grand Forks (April 2026)

The Industrial Commission approved a $4,543,000 Drinking Water State Revolving Fund loan to the City of Grand Forks to build a grade-separated crossing at 42nd Street and relocate water infrastructure with associated stormwater improvements. The 20-year loan will be funded through city sales tax–backed revenue bonds.

Status
APPROVED
Document date
April 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
City of Grand Forks
Agency
North Dakota Industrial Commission · ND

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
$4,543,000
Contract type
FINANCIAL_SERVICES
Contract term
20 years
Renewal
20-year DWSRF loan under Master Trust Indenture with debt service reserve and 110% coverage requirements; bond proceeds will reimburse Federally Capitalized Loan Account advances.
Document type
Minutes
Source document
Industrial Commission of North Dakota Minutes 2026-04-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North Dakota Industrial Commission?

City of Grand Forks was awarded this financial services contract by North Dakota Industrial Commission, as recorded on April 28, 2026. The contract value is $4,543,000.

How much is the City of Grand Forks contract with North Dakota Industrial Commission worth?

The City of Grand Forks contract with North Dakota Industrial Commission is valued at $4,543,000, 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 Industrial Commission of North Dakota Minutes 2026-04-28 (Minutes), dated April 28, 2026 from North Dakota Industrial Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of Grand Forks hold?

City of Grand Forks 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 City of Grand Forks's profile

What is North Dakota Industrial Commission currently buying?

Explore North Dakota Industrial Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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