At the full rate the City of Belgrade, Montana could have charged to build a new home, called an Impact Fee, the monetary effect a new home would have on city infrastructure, a builder would have had to pay the City $14,000.
In April 2007, the City of Belgrade agreed to an assessment of 65 percent of the full rate--$9,172. Monday night the City lowered yet again the fee to 55 percent--$7,762. The City Council and the public will meet again on January 7, 2008 to continue the discussion.
Builders, Realtors, and others involved in development in Bozeman, Belgrade, and surrounding cities are concerned that high Impact Fees will put a damper on building because of the high costs to erect structures, and also stymie growth in and close to local cities, pushing it out into the greater Gallatin Valley, causing urban sprawl.
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