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~y of <br /> <br />iver <br /> <br />ITEM 6.11. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br /> Mayor and City Council <br /> <br /> Steve Ach, City <br /> <br /> March 17, 1997 <br /> <br /> Residential Lot Inventory Update <br /> <br />Attached is a lot inventory of active residential developments that have been <br />approved since 1989. This lists helps summarize the building activity that is <br />occurring in each of the subdivisions since they have been final platted and <br />ready for construction. Once a project is "built out", it is removed from this <br />list. Therefore, projects such as Country Crossing Townhomes 1st and 2nd <br />are not listed because every lot has been developed. <br /> <br />Based on the number of single family building permits issued last year, a <br />current inventory of available vacant lots is approximately 1-1/2 years <br />supply. It should be noted the column listed "Lots Developed" merely <br />indicates a building permit has been issued on a particular lot. The new <br />construction may be for a recent purchase by a home buyer or, the builder is <br />constructing a model which has not yet been sold. <br /> <br /> s:\council\inventor .doc <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />