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<br /> Table B
<br />Commercial/Industrial Square Footage Created and
<br />Housing Stock Units Created Under Each Option
<br />
<br />Commercial/IndUstrial
<br />Single Family
<br />Mixed Residential
<br />
<br />27-Sep-gS I 23'Jan'96 I
<br />8,751,204 9,940,392
<br />2,343 Units 2,199 Units
<br />483 Units 273 Units
<br />
<br />Existing
<br /> 14,864,850
<br /> 1,830 Units
<br /> 0 Units
<br />
<br />Single-Family Units
<br />Mixed Residential Units
<br />
<br />4,134 Units 4,134 Units 4,134 Units
<br />61 Units 61 Units 61 Units
<br />
<br />Totals 7,021 Units 6,667 Units
<br />Percentage Mixed Residential 7.75 % I 5.01%
<br /> I
<br />Percentage Single-Family 92.25% 94.99%
<br />
<br />6,025 Units
<br /> 1.01%
<br />
<br />98.99%
<br />
<br />By using an absorption rote of one hundred eighty (180) single family units per year, and thirty
<br />(30) units per year for mixed residential units, the absorption rate for mixed residential units, due
<br />to the lack of availability, is a guess with the possibility of the actual absorption rote being quite
<br />different. However, an estimate of 30 units has been used for discussion purposes.
<br /> Table C
<br /> Estimated Build-out rates for Residential Property
<br />
<br /> 27-Sep-95 23-Jan-96 Existing
<br />Single Family 13 Years 12 Years 10 Years
<br />Mixed Residential 16 Years 9 Years 0 Years
<br />
<br />During the last seven years (1989-1995), the City has constructed an average of 51,875 square feet
<br />of space. This average does not include the projects that are set to start in 1996. If these projects
<br />are included, the number rises to 78,766 square feet. Table D below shows the amount of building
<br />space that would be required to build out the commercial/industrial property under the three
<br />proposals.
<br /> Table D
<br /> Commercial /Industrial Square footage Building Rates to
<br /> Absorb Commercial./Industrial Property Over a Specific Period
<br />
<br /> 27-Sep-95 23-Jan-96 Existing
<br />15 Years 583,414 662,693 990,990
<br />30 Years 291,707 331,346 495,495
<br />40 Years 218,780 248,510 371,621
<br />50 Years 175,024 198,808 297,297 ~
<br />60 Years 145,853 165,673 247,748
<br />70 Years 125,017 142,006 212,355
<br />80 Years 109,390 124,255 185,811
<br />90 Years 97,236 1 I0,449 165,165
<br />100 Years 87,512 99,404 148,649
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