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Memo <br />To: Bill Maextz, Parks and Recreation Director <br />From: Jeremy Bamhaxt, Planning Manager <br />CC: Scott Clark, Community Development Director <br />Sheila Carney, Senior Planner <br />Date: November 3, 2006 <br />Re: Land Subdi~dsion predictions, 2007-2008 <br />As requested, the Plarutirtg Division has prepared predictions of land subdi~nsion volume fox the <br />next two years fox purposes of budgeting for possible park land purchases in that timeframe. <br />The table illustrates the past history, dating to 2002: <br />At the end of the year 2006, the City will likely hold approximately 875 <br />platted lots in inventory. Based on this inventory, and the regionally cooling <br />housing tnaxket; it seems likely that the number of plats subject to Final Plat <br />approval will be reduced. Additionally, several of the larger "development <br />xead~' parcels axe subjec[ to previous agreement regulating timeframe for <br />housing construction (L.ibexty Heights), or to the extension of utilities <br />through adjacent parcels, (1'reservc Ponds) slowing development of those <br />parcels. <br />Year Lots <br />2002 652 <br />2003 ffi <br />2004 240 <br />2005 315 <br />2006 148' <br />Based on estimates, the Planning Division believes that 2007 will see substantially lower than <br />normal numbers of residentially platted lots. 2008 will likely see a partial rebound, but it seems <br />likely that new plats will not rebound to the 2004-2005 levels fox several years. (240-315 units <br />added in 2004 and 2005.) *The 2006 number is year to date. <br />In 2007, 30 additional new platted lots arc anticipated. In 2008, there is potentL21 for 150 lots, <br />including River Paxk, Liberty Heights, and property in the then-open 2008 phasing area. <br />These numbers represent conservative estimates, which I believe is more appropriate fox income <br />planning. Please do not hesitate to let me know if you have any questions. <br />