02/04/1991 Park Board Packet - Laserfiche WebLink

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r'r, little commercial or industrial construction has been completed in the city. Results of this lack of activity include: 1. Limited local shopping opportunity. 2. Poor opportunity for local employment especially for high school students. 3. Low tax base with residential property bearing the local tax burden. Population Projections: Lino Lakes needs to continue its policy of controlled growth. In looking at single-family construction a limit of 200 new sewered lots annually will provide the following population totals: Year Projected City Population 1990 - 2010 Households Population/HR Population 1990 2793 3.26 9105 1995 3843 3.17 12182 2000 4893 3.07 15022 *, 2005 5943 2.97 17651 2010 6993 2.87 20070 There is a considerable amount of feeling in Lino Lakes that with more sewer availability and capacity the 200 single- family dwellings projected each year could easily be exceeded. The city should carefully monitor its lot inventories and be in a position to either increase the total number of lots available or to take steps to limit further the number of additional lots going through the subdivision process. Multiple -Family Housing Opportunities: Lino Lakes contracted with Maxfield Research Associates to complete a housing analysis early in 1989. The Maxfield people projected a market of 150 to 200 units of multifamily could be supported during the 19901s. They saw need for a project of moderate size (30 to 40 miles) to meet demand for rental units. In addition a definite need for townhomes was seen by Maxfield. The townhomes could be utilized by singles, couples, and retired persons. Recommended by Maxfield was a 46 to 60 unit project with contemporary one and two-story units, probably in the $60,000 to 190,000 price range. Sites near the city's freeways were recommended as best for this housing. Manufactured and Mobile Homes: Presently state law prohibits Page 8