Agenda - Council - 04/22/1997 - Laserfiche WebLink

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I I '1 I I I I I I I I I I I I I I I I DATE: April 9, 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 March, 1997 The City of Ramsey has received reservations for property that will result in the construction of 143,000 square feet of new commercial/industrial building space. These new buildings will be constructed along the south side of McKinley Street Northwest in the Ramsey Business Park. In addition to these buildings, the City has also received a site plan for a 10,000 square foot facility to be located along Sunfish Lake Boulevard Northwest. These projects will result in the construction of over 225,000 square feet of building space, making it the second largest year for construction ever and we are only in April! Attached for your review are the building permit reports for the month of March 1997. As the reports show, the City issued 30 new home permits, which compares to the 22 projected during this period in the residential activity forecast. This brings the total projected single family home permits to 231 for the entire year. The level of activity will be above the average permits based upon the nine year. average of 220 new home permits. Using the most recent persons per household (3.3 pph) this number of new homes will result in a population increase of 762 when all of the units are occupied. The City should be receiving the Metropolitan Council population estimates in the next couple of weeks allowing for the projection of the future population growth. Also included in this months report is a breakdown of the lots remaining, and the City's lot reserve, should no new lots be created within the foreseeable future. As the inventory indicates, the City should have enough lots based upon the current projections for the next two years. After that point, the construction of new homes should slow considerably as the remaining lots would not be the most desirable. There is some preparation time required for the development of new lots so the effect of reducing the lot inventory to less than one year may be long lasting. If you have any suggestions or questions concerning the monthly reports, please contact me.