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DATE: <br />TO: <br /> <br />FROM: <br /> <br />SUBJECT:' <br /> <br /> MEMORANDUM <br /> <br />July 5, 1994 <br /> <br />Mayor and Councilmembers <br />City Administrator ~ <br />James Gromberg, Economic Development Coordinator.' <br /> <br />Monthly Building Activity <br /> <br />Attached forlyour review are the building activity reports for the month of June. The City <br />issued 25 ne~ home permits and is currently on track to build a total of 298 new homes in <br />1994. This oompares favorably to the 302 homes that were projected to be constructed at <br />the beginnin~ of the year. This would equate to a population increase of approximately <br />1,013 new re~sidents for the City. <br /> <br />In discussions with the Building Official it is the general feeling that the City should aim to <br />issue approx!mately 300 new home permits each year. This number should allow for the <br />most effective use of the current building inspection staff. With half the year in already, the <br />projected number of 298 new home permits may be fairly accurate provided there are no <br />additional peessures placed on the market, such as interest rate hikes, lumber price <br />increases, or,bad weather. With this projected number of permits, the City should have <br />sufficient resMential lots for the entire year. <br /> <br />If there are a0y questions concerning this information, please contact me. As these reports <br />are completed once a month, some time lag is expected. <br /> <br /> <br />