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DATE: <br />TO: <br /> <br />FROM: <br /> <br />SUBJECT,' <br /> <br />MEMORANDUM <br /> <br />August 2, 1994 <br /> <br />Mayor and Councilmembers <br />Ryan Schroeder, City Administrator <br />Glyn Huff, Building Official <br />Steve Lutmer, Building Inspector <br />Sylvia Frolik, Zoning Administrator <br />Jessie Hart, Finance Officer <br />James Gromberg, Economic Development Coordinato~ff~ <br />Monthly Building Activity <br /> <br />Attached for your review are the building activity reports for the month of August. The <br />City issued :.16 new home permits and is currently on track to build a total of 264 new <br />homes in 1994. This compares to the 302 homes that were projected to be constructed at <br />the beginnin~g of the year. This would equate to a population increase of approximately 871 <br />new residents for the City. <br /> <br />Also included in the packet is a new report for the commercial/industrial construction <br />currently o~urring in the City. As the report indicates, the City is currently constructing <br />28,500 squ .aS-e feet of space with a building permit value of $439,000. These numbers do <br />not include the Sharp project that we conducted a ground breaking ceremony for on August <br />30, 1994, w~ich will add over 26,000 square feet. The current trend in fewer new homes <br />being cons~ucted in the City should be offset by the increase in commercial/industrial <br />constructioa, which will provide for a geater generation of tax revenues. <br /> <br />If there are ~-ny questions concerning this information, please contact me. As these reports <br />are complet~:d once a month, some time lag is expected. <br /> <br /> <br />