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w 4w: As the table indicates,, the City's tax base grew by an average of 9.5% per year from 1998-2007. This 3 1 period featured new commercial development within the City including the Rosedale expansion and the 32 new Rainbow Foods store,, as well as new multi-family housing starts such as Applewood Pointe and 33 Greenhouse Village. It also coincided with a period of strong national and local economic growth which 34 resulted in steadily-rising property values. 35 36 Beginning in 2008, the tax base began to shrink due to a sustained downturn in the economy. During this 37 time,, many commercial properties including Rosedale and Symantec were successful in getting, their 3,,,i assessed market values reduced. In addition,, the national housing market collapse eventually reached 39 Roseville causing housing values to drop significantly. 40 °11 While many economic indicators have shown improvement during the past year, the factors affecting the 42 City's to base continue to temper any market-driven rebound. The City's to base is not expected to 43 increase until 2013 at the earliest. 44 WHAT D'B'Es ROSE ILLS HAVE? -Y 4 (.,ommunily — Staff has prepared a fact sheet detailing the demographic information from 2010 US 46 Census. (Attachment E) Some highlights from this data is as follows.- 47 • Roseville's population went down by 30 people and our median age went up a year to 42.1 48 years of age. 49 0 While Roseville continues to have 20% of its population 65 years or older, there has been a modest increase (7.3%) in children under 10 living in Roseville. • Roseville has become more diverse,, with increases in all minority populations, especially for Black/African American and Hispanic populations. • Roseville's percentage of family households have decreased slightly, while non-family households,, including those living alone have increased. 0 Roseville's average household size has remained at 2.2 persons per household. 0 Roseville has a population that is older, is slightly less diverse, has fewer family households with children and has more people living alone when compared to the rest of the Twin Cities Metro area,, 59 Housing — Staff has prepared a fact sheet detailing the type and number of housing units in Roseville. 60 (Attachment F). Some highlights from the data is as follows. 61 • Two-thirds of Roseville's housing units are owner-occupied, with the remaining one-third being 62 rental housing units. 63 0 One-third of Roseville's housing units have persons living alone in them, with the number 64 slightly increasing when compared to 2000. 65 0 The average household size remained at 2.2 persons per unit, but there was a slight increase in 1 66 the household size for rental units (from1.69 persons to 1.92 persons). 67 • Slightly more than 50% of the population lives in a housing unit with a mortgage, while 20% 68 live in an owner occupied home without a mortgage. The remaining population live in a rental 69 unit. Page 2 of 10