Agenda - Council Work Session - 02/13/2007

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buildings, septic systems, etc.) was 4452, which is an increase from the 3,715 issued in 2005. However, the total valuation of all building permits issued in 2006 was , $41 ~679 ~869. This represents a significant reduction from the total valuation of $120~766,817 in 2005. These numbers are indicative of the current downturn in new residential development and sales statewide. The value of building permits issued since 1996 is as follows: 1996: $41,201,300 1997; $27,464,500 1998: $35,212,900 1999; $23,656,560 2000: $22,559,900 2001: $19;696,900 2002: $31,258,025 2003 $70,906,900 2004 $110,119,200 2005 $120,766,817 2006 $41,679,869 Economic Development: The year 2006 was very successful for Economic Development in the City of Ramsey. Projects completed in 2006 include: Slumberland, Premier Commercial Properties, Dave Perkins Contracting, Minks Custom Homes, Panther Precision (expansion), Wildlife Research and Harber Industries. The completed development for 2006 has an estimated tax assessed market value of $13,000,000 and will have the potential to create over 57 quality jobs in the next few years. All of this new development has decreased the City's land inventory in its business parks. Acquisition of additional land to be developed into a new business park or site specific redevelopment would help the City continue to accommodate the development inquiries. The EDA continues to lead the redevelopment efforts throughout the city and will be developing numerous sites located in the Basalt! Azurite/County 116 area. The land south of the Sanitary Landfill has been identified by the EDA as a potential site of a future business park. Planning: In 2006, the City Council approved 8 residential plats creating 238 single family lots and. 121 townhome lots. The Planning Division was busy processing the plats that created these additional 359 lots in 2006, as well as reviewing and processing site plans for approximately 7 new or expanding commercial sites. The Planning Division also processed a number of amendments to the Zoning Code. The two most significant amendments were the establishment of the B-3 Business District and the Public/Quasi- Public District. The intent of the B-3 Business District is to accommodate big box retail uses and the intent of the Public/Quasi-Public District is to accommodate put>lic and semi-public uses such as government buildings, public and private recreational uses 2006 Annual Report -6-