City Council Agenda and Packet 2005 01 25 Joint Meeting

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CHAPTER 2 ~ 2.1 ~„ ,.- r^~` .rr ~, Existing Conditions ~,~. ~;,~!~ INTRODUCTION This Chapter begins by describing the demographic composition and natural resource setting of Louisville, two key elements that influence the City's future. It then describes each of the eight Plan Elements in order, beginning with a description of the issues identified through the public involvement process. Each Plan Element section summarizes the key findings, including City-wide inventories and analyses, Housing Assessment and Market Analysis. Recommendations resulting from the public involvement and technical analysis form the basis of Community Vision and Principles and Policies presented in Chapter 3. COMMUNITY OVERVIEW The following discussion summarizes economic and demographic trends (historical and projected) in the City of Louisville, Boulder County and Denver Metropolitan Area over the near- and long-term. It is followed by a summary of the City's natural resource setting which, combined with the economic and demographic characteristics, will affect growth trends in the City. Population and Household Growth The City of Louisville is located in the western portion of the high-growth northern Denver Metro Area (See Table X). Over the next 25 years, this area is expected to grow at twice the rate of the region as a whole. Much of this growth is projected to be in southwestern Weld County, Broomfield County and western Adams County. Louisville grew at a compound average annual growth rate of 3.1 % between 1990 and 2003 - a onsiderably faster rate than either Boulder County or the Denver Metro Area over this period, but not as fast as the surrounding communities of Broomfield, Lafayette and Superior. Over that same time period, Louisville's average household size declined from 2.68 January 25th, Study Session Draft