Belmond Council Discusses Budget, Dumond Estates Lots

City officials review funding sources and consider changes to low-income housing development

Published on Mar. 5, 2026

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The Belmond City Council held a public meeting to discuss several key agenda items, including approving a resolution to convey portions of previously vacated streets and alleys to adjacent property owners, reviewing the city's budget proposal, and addressing the remaining low-to-moderate income (LMI) lots in the Dumond Estates subdivision.

Why it matters

These discussions highlight how local governments manage infrastructure projects, budgets, and development plans to serve the needs of their communities. The Dumond Estates issue in particular reflects the challenges cities face in balancing affordable housing goals with market forces.

The details

The council approved a resolution to convey portions of previously vacated streets and alleys to adjacent property owners after a public hearing with no comments. They also approved a pay estimate for the 2026 Third Street Northeast project. During budget discussions, the city manager reviewed how property tax revenue supports various city departments, while public works is funded through Road Use Tax. The council agreed to move forward with the current budget proposal. Regarding the Dumond Estates subdivision, officials plan to remove the area from an urban renewal designation so the remaining LMI lots can be sold to non-LMI buyers, with proceeds going to a future LMI housing fund.

  • The Belmond City Council held a public hearing on Monday.
  • The council approved Pay Estimate No. 1 for the 2026 Third Street Northeast project.

The players

Belmond City Council

The governing body of the city of Belmond, Iowa, responsible for making decisions on local issues and policies.

Cody Nicholas

The City Manager of Belmond, who reviewed the city's budget proposal during the council meeting.

Denver Underground and Grading Inc.

The contractor performing work on the 2026 Third Street Northeast project in Belmond.

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The takeaway

The Belmond City Council's discussions highlight the ongoing challenges municipalities face in managing infrastructure, budgets, and development plans to best serve their communities. The Dumond Estates issue in particular reflects the delicate balance cities must strike between affordable housing goals and market forces.