The Montana Department of Revenue has opened the competitive bidding process for seven alcohol licenses across the state, including one in Hamilton.
The people or businesses with the highest bids who meet all the legal requirements may apply for the licenses.
Bids are due by midnight June 26.
On-premises licenses are available for operations in these locations: Bozeman — beer; Belgrade — one restaurant beer and wine license, and one new all-beverage license; Helena — beer; Hamilton — beer; and Columbia Falls — one restaurant beer and wine license, and one “floater” all-beverage license.
The “floater” all-beverage license available in Columbia Falls allows the successful bidder to purchase an existing all-beverage license in an area that is over its quota limit. Once approved by the department, the successful bidder may transfer that license to Columbia Falls.
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Applicants must submit their bid through MyRevenue.mt.gov.
All bids must include an Irrevocable Letter of Credit (ILOC) from a financial institution. See the department’s website for specific requirements of the letter.
All bids must also include a $100 processing fee plus any possible payment processing fees.
The minimum bid is set at 75% of the market value of the similar licenses in the area.
For more information, including the minimum bids for each license, visit revenue.mt.gov or call 406-444-6900.