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 September 30, 2023) 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. This update includes data through the third quarter of 2023, ending on September 30, 2023. 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. During the third quarter of 2023, there were 124 single family units and 114 multi-family units completed, for an estimated increase of 605 new residents overall. The current estimates show an approximate population of 84,418 through September 30, 2023.
Staff continues to update the potential realistic buildout estimates as more information becomes available, and updates them with each quarterly report. The potential high and low buildout calculations provide more realistic unit and population estimates to aid in planning for future Town resources.
The annexation and zoning of Canyons Far South was added to the zoning entitlements and realistic built out numbers as the annexation and PD were recorded during the quarter. The down zoning of a portion of Memmen Young is not reflected in this report as it has not yet been recorded by the end of the 3rd quarter.