Agenda - Council - 12/13/1994 - Laserfiche WebLink

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URBAN DEVELOPMENT Urb~ lots first became available in 1985, after a 1984 plat approval. Histo~rically between 1985 and 1992, urban residential building permits have averaged about 30% of total home construction. The percentage of urban construction increased to 70% in 1993, and during 1994, it is projected that 77% of the n~w homes constructed will be in the urban area. Urbaa construction activity has increased, subsequent to platting activity. Plats were i-ninimal during the years 1987 to 1989. Hence permits were down in the years !1989 to 1991, as new plats were not available and lots had dropped from a 1986 high of 288 to a Iow in 1989 of 102. In yea.rs of lesser lot availability, permits have averaged about 20% of total lots. This l~vel has increased to between 35% and 48% in years of high availability. As of ~January 1, 1993, Ramsey had 260 available urban lots after 104 building permitis during 1992. Availability is projected to be 142 lots as of January 1, 1993. Prior t~ 1992, Ramsey had experienced 321 total urban building permits. With the availal~le lots, plus future subdivision phases known as of 11/1/94, 1,092 total structui'es are contemplated in the urban area (within existing subdivisions or future phases!thereof). A significant number of lots became available in 1992, thereby increasing permit activity. This trend is expected to continue in 1993 and 1994, with the Wood Pond Project,s and adjacent properties along County Road #5 and northeast of County Roads #116 and #57; also the Rivenwick subdivision south of State Highway #10 east of {County Road #56. Without additional MUSA expansions, only in-fill land should be available after 1994. Permit activity should therefore begin to decline in 1995, arid beyond, void of additional platting. By the end of 1993, only 35 vacant, residentially-zoned acres remain in the MUSA. By the dnd of 1994, no vacant residentially-zoned acres existed in the MUSA. By the end of September 1993, the City had issued more urban building permits than ant other year. By the middle of October, the City had issued more total buildinglpermits than in any previous year. The average 1994 building valuation of a new home in Ramsey, as of November 1, 1994, wis $100,197, compared to $101,432 for 1993, and $91,523 in 1992. The proposed 1995 MUSA expansion will allow for an increase of 311 acres currentlj zoned for residential development. This acreage expansion should allow for a 6-year supply of lots.