To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Brad Boland, AICP, Long Range Project Manager
Title
Update: Residential Unit Data (through March 31, 2022) with Potential Buildout Estimates
Body
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Executive Summary
The purpose of this quarterly residential unit data update is to provide an overview of development activity and estimated population projections. On February 1, 2022, staff presented an updated residential unit data report through the December 31, 2021. This update includes data through the first quarter of 22, ending on March 31, 2022. The data outlines the maximum zoning entitlements and growth areas approved by Council and provides an update on the pace of activity in each area of Town. The current estimates show an approximate population of 78,763, which is an increase of about 614 persons from the previous quarter. There were 235 additional single family and 0 multi-family homes receiving certificates of occupancy within the first quarter of 2022 as compared to the previous quarter. Staff has also updated the potential buildout estimates. The potential high and low buildout calculations provide more realistic unit and population estimates to aid in planning for future Town resources.