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Agenda Number s <br />CITY OF HUGO COMMUNITY <br />DEVELOPMENT DEPARTMENT <br />Memorandum <br />TO: Hugo Planning Commission <br />FROM: Rachel Juba, Planner <br />SUBJECT: UPDATE Met Council's Thrive MSP 2040 - Forecasts <br />DATE: March 6, 2014 for the Planning Commission meeting of March 13, 2014 <br />1. BACKGROUND: <br />Thrive MSP 2040 is the Met Council's long-range plan for the seven county metro region. It <br />serves as the foundation of the Met Council's system plans and policies as we move towards the <br />upcoming 2040 Comprehensive Plan. During this process the Met Council develops preliminary <br />forecast for each city in the seven county area. The forecasts include population, households, and <br />employment numbers in 10 year increments. The forecasts are developed behind analysis of the <br />real estate market/market demand, infrastructure resources, and projections on growth in the <br />areas. <br />In September 2013, the preliminary forecasts were released for comments to each city. The Met <br />Council requested comments on the forecasts at that time. Che Planning Commission and City <br />Council provided comments in November 2013. <br />On February 19, 2014, the Met Council released revised forecasts based on the comments they <br />received. They are allowing another comment period until April 28, 2014. <br />2. PRELIMINARY FORECASTS: <br />3. POPULATION HOUSEHOLDS EMPLOYMENT <br />YEAR 2000 <br />2010 <br />12030 2040 2000 <br />2010 <br />2030 12040 <br />2000 <br />20102030 <br />2040 <br />HUGO 6,363 <br />13,332 <br />1 40 000 31,300 2,125 <br />14,990 <br />15,000 1 <br />13,100 1,917 <br />1,973 <br />1,4,500 <br />2,780 <br />* Columns in grey are from the 2030 forecasts for the 2030 Comprehensive Plan. <br />Per discussions with Hugo's Sector Representative from the Met Council, the allocations for <br />growth have changed since their forecast for the 2030 comprehensive planning process. The <br />growth has been allocated away from the developing suburbs to the inner city. The Met Council <br />has stated that the changes are related to their analysis of a different mix of consumers, such as <br />more seniors, smaller households, and the entry of the millennial generation, as well as, <br />consumers wanting different a type housing, such as accessibility to amenities, housing for a <br />place to live versus investment, and connections to transit. The distribution of growth has <br />dramatically changed with the 2040 preliminary forecasts. They have stated that even though the <br />