1998 CAFR - Laserfiche WebLink

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The Council adopted the 1999 - 2003 Capital Improvement Program (CIP). Included was operational planning for parks, streets, utilities and computerization over the next five years. Unlike some programs, the City's CIP includes not only the anticipated projects, but also the funding mechanisms to make them happen. COMMUNITY DEVELOPMENT AND ENGINEERING During 1998, there were 202 permits issued for new home construction with a total of 1,945 permits issued (includes wells, decks, additions, commercial buildings, etc.). Total value of permits issued the past five years have been: Year Ending December 31 Amount 1998 $ 35,212,900 1997 28,915,142 1996 42,329,300 1995 28,318,900 1994 25,890,409 As a result of the recent building activity, the expected growth of the community through the year 2000 is anticipated to be as follows: Households Population 1990 Census 3,641 12,408 1998 City Staff Estimate 5,573 18,600 1999 City Staff Projection 5,757 19,000 2000 City Staff Projection 5,909 19,500 The preceding projections will be adjusted periodically and will vary depending on changes in the economy and Council decisions. In September 1995, a Charter referendum was held which is expected to slow residential growth of the community beyond the year 2000, but is not expected to dramatically impact the above estimates due to existing land inventory in the Urban Service District and projected future planning of rural planned unit developments. In terms of commercial and industrial development the City issued building permits for 300,000 square feet of commercial or industrial construction projects valued at $8,586,000. The projects included Chem Graphics, Building Fasteners, Minnesota Tool and Dye, Peck Construction, Air Gas North Central A & R Manufacturing, KCI Construction, Holiday RV, Bill's Superette, Diamonds Sports Bar, and Savannah Oaks - a fifty-unit housing for senior citizens. The City developed its own industrial park south of County Road #116 and east of Sunfish Lake Boulevard in 1995 to encourage industrial development. During the past three years, the City Council has approved more than one million square feet of commercial or industrial construction totaling more than $42 million in market value. PLANNING In 1998, the City Council approved three new subdivisions including 105 residential and 19 commercial lots. Additional activity for 1999 Council consideration is currently in process. With a stable economy, 1999 should prove to be another busy year. -vi-