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, 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. This update includes data through the third quarter of 2022, ending on September 30, 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 79,760 through June 30, 2022, which is an increase of about 2,120 persons that was reported through the previous quarter. The increase in reported residents comes from two components. There were 229 additional single family and 45 multi-family homes receiving certificates of occupancy within the third quarter of 2022, which resulted in 786 new residents. Staff reconciled the Units Built for multi-family and discovered that four multifamily projects that received CO’s from the 1st quarter of 2020 through the 1st quarter of 2022 were not accounted for. The four projects totaled 667 units and 1,334 residents. Staff continues to update the potential buildout estimates as more information becomes available. The potential high and low buildout calculations provide more realistic unit and population estimates to aid in planning for future Town resources.
Attachments
Attachment A: Town of Castle Rock PD Zoning Map
Attachment B: Unit Data through September 30, 2022 with Potential Buildout Chart