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DATE: <br /> <br />June 8, 1994 <br /> <br />MEMORANDUM <br /> <br />TO: : <br /> <br />FROM: <br /> <br />SUBJECt: <br /> <br />Mayor and Councilmembers <br />City Administrator <br /> <br />James Gromberg, Economic Development Coordinator <br />Monthly Building Activity <br /> <br />Attached f4r your review are the building activity reports for the month of May. As <br />projected, ~e City issued 31 new home permits and is currently on track to build a total of <br />310 new h~mes in 1994. This would equate to a population increase of approximately <br />1,063 new rbsidents for the City. <br /> <br />The City ctixrently has 315 urban lots still available for development purposes. This lot <br />surplus will be further supplemented by the completion of the Sunfish Square and <br />Rivenwiek nd Additions for some reason <br /> ¢ . . If these and other urban subdivisions are not <br />developed, ~ve wall be left with an inventory of approximately 200 urban lots for 1995. <br />This is wh~ it is imperative that we receive an urban service district (MUSA) expansion <br />soon. While 1995 likely will not find us critically short of lots, 1996 certainly will. as it <br />often takes ~2 to 18 months to design, plat and build infrasmacture, we need to begin this <br />process sooia for 1996 construction. With more than 166 lots currently available in the <br />rural area, ~is should be sufficient for the next two years. As the number of lots available <br />becomes s~,aller, the City should see a reduced rate of home construction, as remaining <br />lots will no~ be as desirable for new home construction. <br /> <br />If there are gny questions concerning this information, pl.e. ase contact me. As these reports <br />are complett~l once a month, some time lap is expected. <br /> <br />/jmt <br /> <br /> <br />