MINOT, N.D. (KMOT) – The Minot City Council voted down a proposal this week to fund the infrastructure of possible housing developments.
The proposal called for the city to cover $17,000 per lot to install sewer, water, utilities and the like east of 55th Street Southeast.
Multiple council members questioned whether this type of investment for developers would lead to lower housing costs and the number of years it would take for future property owners to pay it back through special assessments.
There were also concerns about adding a project like this to the city’s budget, rather than leaving it to developers.
“I don’t think that the city should be holding a little bag on this one. I think there could be a meet-in-the-middle type or a partial on this one,” said Mayor Tom Ross.
Brian Billingsley, community and economic development director for the City of Minot, said the city has about 300 buildable lots and more than 1,200 that are not ready for development.
You can find the city’s special assessment map here.
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