River Rock Sewer Fees
River Rock Subdivision in Belgrade, Montana may be facing some additional costs for its’ residences. When voters opted to reject the proposed bond issue to complete the State mandated repairs to the community owned sewer system, maybe they didn’t realize it was the least expensive solution to resolving the leaking lagoon issue that has plagued the subdivision for the last couple of years.
There are 222 condominium units and 915 homes in the River Rock area that utilize the services of the subdivision for their water and sewer needs. Each of these would have seen a rise of $236 per year for $100,000 of taxable value had the bond passed. Now, the options are limited for funding the overhaul.
The sewer rate fees could be raised substantially to cover the costs, at a price yet undetermined. Or, they could borrow the money from the state. The latter option would cause the budget to go up by $1.6M as the state loan regulations require the additional holdback in reserves. Neither of these options seems better than the bond issue put before the voters previously.
If you are considering a purchase in River Rock, it might be wise to do some investigating! There are some uncertainties ahead, and some research in advance and planning will be key to being prepared should you decide to buy there.
Have a home to sell in the River Rock area? I am available to help you determine the value of your home, and I would be honored to show you how our local real estate brokerage can gain you national exposure in helping to find you a buyer! Call….