August 25, 1994 Steering Committee Minutes

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Steering Committee Minutes_ Affiej?OVER August - - 1994 He added that he would expect the year 2000 population estimate (15,000-18,000)would likely be toward the upper end of that estimate. 4.2. Population Distribution A large percentage of the City's population is in the 25-44 age group. The second largest group is the 5-17 year old group, signifying that a majority of Elk River's population is young families with children. 4.3. Housing Units Of the 3,887 housing units reported in 1990, approximately 25 percent are renter occupied. The majority of home values are in the $50,00- $99,000 range. 4.4. Construction Value 1988 was a record year for residential construction at $24,452,604, decreasing to $9,736,806 in 1991, then increasing to approximately $16,000,000 in 1993. 4.5. New Housing Units During the years 1988 through 1993, 2,440 new housing units were created. Of those units, 1,600 were single family, 62 twin homes, 124 townhomes, and 654 apartment units. The single family construction made up approximately 65 percent of the total; twin homes and townhomes made up 8 percent, and apartment units comprises 27 percent of the total. 4.6. 1990-1993 Home Sales There were 171 homes sold in 1990, compared to 211 in 1993. The median sale price moved up from $84,225 in 1990 to $100,000 in 1993. 4.7. 1994 Home Sales Steve Ach presented information contained in the 1994 Anoka County Home Sales recap of various communities in the area, comparing the number of single family homes sold and the median selling price. Steve noted that there were 130 homes sold in the January -June 1993 time period and 103 in the January -June 1994 period. The average sale price rose to $106,444 in 1994. According to the information in the report, Elk River is among the top communities in home sales. At this time, members of the Steering Committee introduced themselves and identified the group they are representing. Discussion of Goals and Policies for Residential Cecilia Scheel, City Council representative of Ward 2, 10271 213th Avenue N.W., expressed her concern that developing farm land into 10 acre parcels is cost prohibitive due to the expense of putting in roads. She stated that most farmers will be robbed of their retirement because of the minimum 10 acre lot area in the Al (Agricultural Conservation) zoning district. Julius Nemeth, 21566 Highway 169, questioned why the 10 acre restriction was established in the first place. He stated that it creates problems for school buses and snow removal. Mr. Nemeth stated that when it becomes necessary to