/4. As it can be seen, establishing the guidelines are certainly theoretically correct, however if private enterprise chooses not to see their lots or developers will not develop in a particular sector, you can fall drastically short of the units that Council has agreed is a good rate of growth, both from an administrational acceptance point of view and from a point of revenue to the City, needed to offset capital expenditures that were based on a growth rate of approximately 300. It would appear that the figure of 1047 POTENTIAL LOTS determined in July 'Of 1974 was not realistic. Most of the development during the past 10 months has taken place in new subdivisions and very few of the existing RS-1 single family lots located at random throughout the City has been made available for: development, similarly, a very small portion of the large parcels presently zoned RS-1 land have been made available for subdivisions. The fact that the 1047 lot figure was optomistic is further supported by the information that a recent canvass of Real Estate Agents in PoCo revealed that four agents advised that they have no residential losts listed for sale, Block Bros. had 5 lots remaining (April 24th) and two others listed for sale. All agents reported a critical shortage of available building lots. This shortage will no doubt lead to an increase in costs of available building sites. It is felt that any policy regulating growth must be based on a realistic estimate of BUILDING Sites AVAILABLE. We must maintain 3 to 5 times the annual requirements for planned growth of the City. SUMMARY OF THIS PORTION: In July 1974 we had 434 lots at random, properly zoned and subdivided, but not necessarily available. We had 613 in RS-1 zone not subdivided nor necessarily available. We created a total of 82 lots out of this group and built on 149 lots -~ depletion of 68.