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Summary of Building Permits
<br />Total Permits New Single Family Homes
<br />Number Value Number Value
<br />2007 (to 4 -30) 167 $15,362,858 33 $ 5,860,089
<br />2006 686 42,078,007 91 15,910,108
<br />2005 837 53,656,592 196 37,604,938
<br />2004 835 61,579,910 190 39,006,745
<br />2003 826 55,864,076 112 25,687,000
<br />2002 860 53,977,610 218 39,425,255
<br />2001 1,042 74,974,042 210 39,695,169
<br />2000 1,186 57,080,794 240 42,117,164
<br />1999 893 54,522,159 243 34,337,713
<br />1998 947 49,033,711 229 31,635,569
<br />1997 597 32,666,843 197 24,232,078
<br />The economic development effort established in 1993 by the City Council has begun to have an
<br />impact in the diversity of the City's tax base. Since 1993, the City has added more than
<br />$108 million in additional commercial /industrial market value. The Apollo Business Park on
<br />I -35W is nearly completed, with a Pomp's Tire building completed in 2006 and a Hampton Inn
<br />hotel currently under construction. The Clearwater Creek Development Center on I -35E
<br />continues to attract industrial development. The commercial retail center on Lake Drive and
<br />Apollo Drive in the Town Center area, known as the Lino Lakes Marketplace, has continued to
<br />develop. Two anchor tenants, Target and Kohl's Department Store, both were completed and
<br />opened in 2002. A Dairy Queen Grill `n Chill restaurant was completed and opened in 2003,
<br />and a Discount Tire store opened in mid -2004. Two retail building of approximately 6,000
<br />square -feet each were added to the area during 2005. A Wells Fargo branch bank was
<br />constructed in 2005 and opened in early 2006.
<br />The City initiated an Alternative Urban Areawide Review ( "AUAR ") of property in excess of
<br />4,000 acres in the northeast quadrant of the City, which includes property in the I -35E corridor,
<br />to assess the impact of future development scenarios in this area. The AUAR was completed
<br />and accepted by the City Council in October 2005. The AUAR included the proposed
<br />Hardwood Creek development, a 360 acre master - planned mixed -use development. If
<br />approved, the development would include approximately 1,100 dwelling units and
<br />600,000 square -feet of commercial /retail buildings and preserve 90 acres of green space.
<br />The City has entered into an agreement with Hartford Development LL, LLC, to develop
<br />40 acres in the southeast quadrant of I -35W and Lake Drive. This mixed -use development will
<br />occur over a period of two to five years and will include up to 450 dwelling units, retail
<br />commercial business, a community green and park and trail amenities and a 60 -unit motel.
<br />Anoka County is planning to locate a branch library in this development. Country Inn and Suites
<br />completed construction and opened in 2006. The YMCA is planning a facility within the
<br />development. The City's participation in the YMCA will be $2.35 million of the $8.2 million
<br />project, plus and and infrastructure. The City has issued General Obligation Tax Abatement
<br />Bonds to finance its contribution to this project, as well as $4.0 million in conduit debt. The City
<br />has also secured a CDBG grant of $125,000 to be used toward a teen center within the YMCA.
<br />Construction on the facility began in Fall 2006 and scheduled to open Summer 2007.
<br />To facilitate this development, street, streetscape, water, sewer, and storm water improvements
<br />have been installed within the development area and assessed to the development.
<br />Improvements to the existing Lake Drive and the construction of a new interchange at I -35W
<br />and Lake Drive are scheduled to begin May 2007. This construction will be completed
<br />July 2008. Engineering estimates for these improvements is approximately $10.4 million and
<br />will be financed with joint efforts of MNDOT, Anoka County and the City. This Issue and use of
<br />Minnesota State Aid funds will be used to finance its portion of the project cost.
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