Agenda - Council - 03/25/1997 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I MEMORANDUM DATE: March 19, 1997 TO: Mayor and Councilmembers Ryan Schroeder, City Administrator Glyn Huff, Building Official Steve Lutmer, Building Inspector Sylvia Frolik, Zoning Administrator Jessie Hart, Finance Officer Linda Waite-Smith, Administrative Services Manager FROM: James Gromberg, Economic Development Coordinator SUBJECT: Building Activity for January and February, 1997 The City of Ramsey is poised to have another wildly successful year in the area of commercial/industrial development. This optimistic projection is based upon the City having issued building permits for over 60,000 square feet of new buildings in the fk'st two months of 1997. These projects do not include the Children's World Daycare, and Landmark Community Bank that are currently under construction. In addition to these projects, the City has received reservations for two additional projects totaling 65,000 additional feet of building space. With the average value of commercial/industrial space being $33 per square foot, this equates to an increase of $4,356,000 of tax base. This is greater than the value created in commercial/industrial property from 1989-1993. Attached for your review are the building permit reports for the months of January & February, 1997. As the reports show, the City issued 23 new home permits, which compares to the 20 projected during this period in the residential activity forecast. This brings the total projected single family home permits to 223 for the entire year. In the next few months we will be completing the development activity forecast including the evaluation of the population estimates and incorporating the Metropolitan Council estimate of persons living in each single family home. This may result in the population figure being reduced, but will allow for a more accurate population number. These projections are made as of April 1, and are distributed shortly thereafter. If you have any suggestions or questions concerning the monthly reports, please: contact me.