01/10/2007 P&Z Packet - Laserfiche WebLink

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• • • MEMORANDUM January 8, 2007 To: Planning & Zoning Board From: Jeff Smyser 477// Subject: 2006 Year End Growth Data It's useful to review the growth of the city to help understand how to think about the future. The data on the attached two sheets summarize what occurred in 2006 in comparison to the growth management policy parameters. While we exceeded the growth management policy's targets for the number of lots approved in the first years of the program, the market has dictated how much of the approved inventory has sold. Overall, there are more lots available in the city than are selling in a slow market. The city grew less in year 2006 than in previous years. We issued building permits for 89 new dwelling units. This is less than half the total for each of the previous two years. The number of units approved to be built in specified years decreased a little for 2005, but 2005 approvals had risen over 2004. Some of the preliminary plat approvals - Foxborough and The Preserve —were for projects in conservation developments that were not subject to the growth management limits on lots. The annual limits on MUSA reserve allocation do not apply to conservation development, though the total amount available does apply. That is, individual years can exceed the annual target, but the total pre -2010 MUSA reserve cannot be exceeded.