Williston Extends Repayment Deferral on Wellspring Hydro Loan

The Williston City Commission approved a First Addendum to the STAR Fund Funding Agreement with Wellspring Hydro, LLC, extending the deferral period on a $150,000 economic development loan and setting repayments to begin September 1, 2026. The amendment leaves all other loan terms unchanged while supporting the company’s lithium extraction startup.

Scope & details

The full contract record, as filed.

Contract amount

"$150,000 STAR Fund economic development loan (principal amount)"

Contract type

FINANCIAL_SERVICES

Contract term

Repayment deferral extended with repayments to begin September 1, 2026

Renewal date

2026-09-01

Renewal

First Addendum extends repayment deferral and establishes 2026-09-01 as the new repayment start date; no additional STAR Fund assistance and all original provisions remain in effect.

Document type

Minutes

Source document

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

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City of Williston Agenda Packet 2026-08-11

AMENDED

Town of Williston, North Dakota$150,000 (existing STAR Fund economic development loan; no new funds)Aug 11, 2026

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

PENDING

Town of Williston, North DakotaAug 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Williston Rural Fire Protection District-Ambulance?

Wellspring Hydro Llc was awarded this financial services contract by Williston Rural Fire Protection District-Ambulance, as recorded on August 11, 2026. The contract value is "$150,000 STAR Fund economic development loan (principal amount)".

How much is the Wellspring Hydro Llc contract with Williston Rural Fire Protection District-Ambulance worth?

The Wellspring Hydro Llc contract with Williston Rural Fire Protection District-Ambulance is valued at "$150,000 STAR Fund economic development loan (principal amount)", 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 Williston Board of City Commissioners Minutes 2026-08-11 (Minutes), dated August 11, 2026 from Williston Rural Fire Protection District-Ambulance. 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 Williston Rural Fire Protection District-Ambulance currently buying?

Explore Williston Rural Fire Protection District-Ambulance's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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