01/11/1995 P&Z Packet - Laserfiche WebLink

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Based on the growth parameters identified by the City Council, the following growth projections were prepared. The forecasts represent a range of growth based on annual local growth of 200, 250 and 300 housing units annually. TABLE C LINO LAKES POPULATION AND HOUSEHOLD FORECASTS 1990 - 2010 Jan2 19901 1994 2000 2010 200 Units Per Year: Population 8,807 12,177 15,500 20,390 Household 2,603 3,690 4,890 6,890 Household Size3 3.38 3.30 3.17 2.96 250 Units Per Year: Population 8,807 12,177 16,450 22,760 Household 2,603 3,690 5,190 7,690 Household Size3 3.38 3.30 3.17 2.96 300 Units Per Year: Population 8,807 12,177 17,400 25,130 Household 2,603 3,690 5,490 8,490 Household Size3 3.38 3.30 3.17 2.96 1 1990 Census information. 2 1994 estimate represents first of the year. New housing units from 1990 through 1994 factored by a 2% City-wide vacancy rate was used to generate household estimate. 3 Household size forecasts are reflective of the household size estimates of the Metropolitan Council. The 200 unit per year projection is generally consistent with demographic forecasts of the City Comprehensive Sewer Plan and the 1993 Metropolitan Council forecast. In review of the City's growth over the last five years, these projections may be very conservative. Continued growth in the northern Twin Cities metropolitan suburban communities has strengthened the residential markets in Lino Lakes. As previously noted, the construction rate since 1990 has more than doubled what was experienced in the previous decade. Since 1990, the City has averaged 265 new housing units per year. In 1992 and 1993, the City had issued 342 and 375 percents for new construction, respectively. The most recent growth characteristics suggest that Lino Lakes may sustain growth at a rate greater than 200 units per year. 6