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;ty of <br /> <br />iver <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br /> Mayor and City Council <br /> <br /> Steven B. Ach, City Planner~~_~ <br /> <br /> November 18, 1996 <br /> <br /> Residential Lot Inventory <br /> <br />Attached is the most recent update of the residential lot inventory of platted <br />developments throughout the city. This inventory basically consists of active <br />developments that still have lots available which allows the city to track how <br />the residential developments are progressing towards build out. It should be <br />noted that once a development is built out, it is removed from this list. For <br />example, Country Crossing Townhomes 1st Addition and 2nd Addition have <br />been completed; therefore, are removed from the inventory. <br /> <br />According to this most recent inventory, there are 353 platted residential lots <br />available for development. Based on last year's building permit activity, this <br />is equivalent to approximately a 2 year supply of residential lots. <br /> <br />Although this may not seem like a large inventory, several of the existing <br />developments include preliminary plat. The building activity and market <br />forces will certainly be a deciding factor on how rapid additional lots are <br />brought on line for development. <br /> <br />If the Council has any questions regarding this inventory, please feel free to <br />contact me and I will be happy to answer your questions. <br /> <br /> s:\council\inventory.doc <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />