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City C~uncil/EDC/PZ <br />De'cemb~' 5, 1988 <br />Attacb~nent A <br /> <br />MUSA AREA <br /> <br />o MC has.indicated,= that they view a <br /> approxl,ately 80-100 acres (8/16/88~workshop <br /> <br />o Definitive ,ighway 10 study is <br /> commercial/industrial development <br /> <br />o Highway ~:10 study indicates a need <br /> commerci~al development in next 15 years. <br /> <br />In existing 1990 MUSA, have approximately 200 acres of <br />und,eVreloped commercial <br />RecOmmending adding two additional areas of commercial <br />tot~iling 38 acres <br />Rezone 38 acres of commercial to residential <br />Net gain (loss) is zero <br /> <br />Industrial <br /> <br />O <br /> <br />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 five year reserve. <br /> <br />- Need 319 undeveloped acres in MUSA for industrial land with <br /> 179 acres currently undeveloped in MUSA <br /> <br />- Recommend Expansion of Industrial by 140 acres. <br /> <br />- Rezone 40 acres from Industrial to Residential/Multi- <br /> family residential <br /> <br />Residential <br /> <br />o 5 year historical average is 135 permits/year <br /> <br />o Approx. 44% in last'two years have been in urban area. <br /> <br />o Assume that average annual building permits over next 12 years <br /> will slow down to 75% five year average. (100 permits/year) <br /> <br />- cost of homes <br />- slower economy <br />- smaller market population <br /> <br />75% of this will be in urban area. At 3.5 units/net dev. acre <br />need 21.SA/yr or 364 acres for 12 years plus 5 year reserve <br /> <br />Recommend increase of 240 A of residential <br /> <br />City Coencil/EDC/PZ <br />December 5, 1988 <br />Attachment A <br /> <br /> <br />