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CITY OF <br />Ido lAIV8 <br />MEMORANDUM <br />DATE: January 17, 1996 <br />TO: Mayor, City Council and City Administrator <br />FROM: Peter Kluegel, Building Official <br />SUBJECT: Year End Building Report <br />A total of 598 building permits were issued in 1995. Total construction valuation <br />was $40,636,691. This exceeded the 1994 total by $13,923,663. This increased <br />valuation was mainly attributed to the increased industrial and institutional growth <br />experienced in 1995. There were 213 new homes constructed in 1995, a decrease of 4 <br />from the previous year. The average construction cost of a single family dwelling was <br />$122,896.00. The city had 16 commercial,industrial(institutional building permits <br />totaling $11,694,150.00 in 1995. This figure represents a considerable increase over the <br />1994 total of 2 permits valued at $172,000.00. Some of the more significant building <br />projects in 1995 were the $6,519,00.00 chemical dependency building at the Minnesota <br />Correctional Facility. The Nol Tech, Mag Con, and Blue Heron bisiness in the Apollo <br />Business Park. <br />In 1996, I anticipate construction activity in the residential sector to equal that of <br />1995. In addition, there are some proposed projects planned in the institutional and <br />industrial areas for 1996. <br />