Resolutions-2018-005

In addition, construction has begun on the 250-acre Park Place Development, located directly off the new I-380 interchange leading into the City. This commercial, mixed use and residential subdivision is expected to consist of approximately 117 acres or commercial use, 26 acres of mixed use, and 107 acres of residential development. Industrial Park The City currently has a 35-acre industrial park, located within the City. Commercial/Industrial Development Building construction and commercial/industrial development completed within the past twelve months have been as follows: <table> <tr> <th>Name</th> <th>Product/Service</th> <th>Description of Construction</th> </tr> <tr> <td>Prairie West Commercial</td> <td>Medical/Day Care/Vet</td> <td>One and two-story wood frame construction</td> </tr> <tr> <td>Willow Ridge Commercial</td> <td>Two Mixed Use Buildings</td> <td>Commercial on ground floor with two floors of residential above</td> </tr> </table> Building Permits¹ Building permits issued for the past ten calendar years are as follows: <table> <tr> <th rowspan="2">Year</th> <th colspan="2">New Commercial/Industrial Number of Permits</th> <th colspan="2">New Residential Number of Permits</th> <th rowspan="2">Total Number of Building Permits</th> <th rowspan="2">Total Permit Valuation</th> </tr> <tr> <th>New Commercial/Industrial Number of Permits</th> <th>New Residential Number of Permits</th> </tr> <tr> <td>2017 (as of 12/31/17)</td> <td>1</td> <td>165</td> <td>217</td> <td>$28,208,541</td> </tr> <tr> <td>2016</td> <td>2</td> <td>146</td> <td>224</td> <td>38,513,192</td> </tr> <tr> <td>2015</td> <td>4</td> <td>160</td> <td>219</td> <td>32,309,572</td> </tr> <tr> <td>2014</td> <td>5</td> <td>76</td> <td>81</td> <td>43,279,063</td> </tr> <tr> <td>2013</td> <td>4</td> <td>77</td> <td>81</td> <td>9,290,133</td> </tr> <tr> <td>2012</td> <td>1</td> <td>27</td> <td>207</td> <td>6,036,270</td> </tr> <tr> <td>2011</td> <td>4</td> <td>85</td> <td>130</td> <td>10,754,930</td> </tr> <tr> <td>2010</td> <td>28</td> <td>91</td> <td>119</td> <td>5,522,230</td> </tr> <tr> <td>2009</td> <td>4</td> <td>89</td> <td>93</td> <td>14,917,963</td> </tr> <tr> <td>2008</td> <td>17</td> <td>136</td> <td>153</td> <td>13,771,820</td> </tr> </table> Banking/Financial Institutions² Banking/financial services in the City are provided by Solon State Bank. Education City residents are served by the Clear Creek Amana Community School District, which is comprised of the communities of Amanda, Cosgrove, Oxford, North Liberty, and Tiffin. ¹ Building permits do not include sign, plumbing and electrical, or mechanical permits. ² Source: Federal Deposit Insurance Corporation (FDIC).