Loan Repayment Deferral Extended for Wellspring Hydro

The Williston STAR Fund Advisory Board seeks City Commission approval of a First Addendum to its $150,000 economic development loan with Wellspring Hydro, LLC, extending the repayment deferral and establishing September 1, 2026 as the new repayment start date. The amendment leaves all other funding agreement provisions unchanged and provides no additional financial assistance.

Scope & details

The full contract record, as filed.

Contract amount

$150,000 (existing STAR Fund economic development loan; no new funds)

Contract type

FINANCIAL_SERVICES

Contract term

Repayment deferral extended with repayments to start September 1, 2026

Renewal date

2026-09-01

Renewal

First Addendum to existing Funding Agreement extends repayment deferral and sets loan repayment to begin September 1, 2026; no change to principal amount or other terms.

Document type

AgendaPacket

Source document

City of Williston Agenda Packet 2026-08-11

Related contracts

Other contracts from Wellspring Hydro Llc.

View all →

City of Williston Board of City Commissioners Agenda 2026-08-11

PENDING

Town of Williston, North DakotaAug 11, 2026

City of Williston Board of City Commissioners Minutes 2026-08-11

AMENDED

Williston Rural Fire Protection District-Ambulance, North Dakota"$150,000 STAR Fund economic development loan (principal amount)"Aug 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Williston?

Wellspring Hydro Llc was awarded this financial services contract by Town of Williston, as recorded on August 11, 2026. The contract value is $150,000 (existing STAR Fund economic development loan; no new funds).

How much is the Wellspring Hydro Llc contract with Town of Williston worth?

The Wellspring Hydro Llc contract with Town of Williston is valued at $150,000 (existing STAR Fund economic development loan; no new funds), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Williston Agenda Packet 2026-08-11 (AgendaPacket), dated August 11, 2026 from Town of Williston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wellspring Hydro Llc hold?

Wellspring Hydro 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 Wellspring Hydro Llc's profile

What is Town of Williston currently buying?

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

View Town of Williston's profile