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MUSA ;~2q EA <br /> <br />o MC has indicated that they view a <br /> approximately 80-!00 acres (8/16/88 ~orkshop <br /> <br /> commercial/industrial development <br /> <br />o Highway 10 study indicates a need fo <br /> commercial development in next !5 years. <br /> <br />- In existing 1990 MUSA, have approximately 200 acres of <br /> undeveloped co~.~ume, rcia ! <br />- Recommending adding two additional areas of commerCial <br /> totalling 38 acres <br />- Rezone 38 acres of commercial to residential <br />- Net gain (loss) is zero <br /> <br />Industrial <br /> <br />o Industrial land absorption is approximately 25 Acres/year. <br /> Includes rural as well as urban industrial. <br /> <br />- Assume 75% of demand will be within urban area over <br /> next 12 years and add a _.ye year reser%,e. <br /> <br />- Need ~19 undevelooed, acres in P~JSA for industrial l~nd ~_~n'~"-' <br /> 179 acres currently undeveloped in MUSA <br /> <br />Recommend Expansion of Industrial by !40 acres. <br /> <br />Rezone 40 acres from Indu'strial to Residential/Multi- <br />family residential <br /> <br />Residential <br /> <br />o 5 year historical average is !25 parr. its/year <br /> <br />o Apprc×. 44% in !as~:two years have Dean in urban area. <br /> <br /> tna~ averaae-annual ~,,4~:~~ De_--mits over ne)ri 12 years <br />slow down to 75% ~ ~ !0 pe~its/yezr) <br /> ,_ye year avera=e. ( 0 <br /> <br /> - cost cf homes <br /> - slower economy <br /> - s:~i!er mzrke~ pcpu!ation <br /> <br />75~ cf this will be in urban area. At 3.5 units/nat dev. acre <br />..---~ ~_.~ 5A/~,r or~64 ~cres _ct ~ 12 .Years .~lus 5 .year rese~,'e <br /> <br />Recoil;end. increase of 240.A c <br /> <br /> <br />