/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.