Recently, the city council directed staff to begin the master planning process for the properties located near Cottage Grove Drive and Dale Road in Southeast Woodbury. It is currently anticipated that construction in this area could begin as soon as 2026. In July 2023, we recognized the need to carefully balance managing our water supply with continuing to meet the housing needs of the community. Therefore, the city council decided to delay the start of development in this area until more progress was made in constructing the permanent water treatment plant. Now that construction is underway on the water treatment plant, we reviewed the current lot inventory and the 2040 comprehensive plan growth target of 400 units of new housing in phase 2. To maintain measured growth for the community, additional land will likely need to be opened for development in 2026. Providing an adequate supply of new housing is a tangible action that cities can take to help stabilize housing costs for home buyers looking to move into Woodbury or move up or downsize from their current homes. From our early days as a city, local officials anticipated growth and implemented long-term planning strategies that have allowed us to carefully manage growth. This is primarily done through comprehensive planning, master planning, growth management, and development phasing. Master plans help guide decisions on various infrastructure needs such as roads, trails, storm water management, sanitary sewer and water, and parks and open space. They also facilitate increased continuity between our neighborhoods and help ensure housing product diversity is provided. We have a long history of developing several successful master plans including the south of Dale master plan, the Gold Line Station area master plan, urban village master plan, city place redevelopment, city center master plan. We're also thoughtful in conducting long-term planning for parks and recreational amenities. The city's extensive parks and trails system is a critical contributor to the quality of life in Woodbury. These amenities create pleasant and memorable places and recreational activities that draw people to our community. Future locations identified for parks depend upon a variety of factors including the pattern of new development, the location of roads, neighborhood needs, recreation trends, natural features, and connections to trails and streets. Planning work also identifies opportunities in existing parks or open space areas. A variety of residential housing types are often envisioned through the master planning process and housing will be a critical component of future master planning of subphase 2D. We will remain committed to developing these diverse housing options for people of all ages, incomes, and family status, including affordable options. One of the results of this decadesl long commitment to housing diversity is that the city has maintained an approximate 50/50 split between single family detached housing units and detached housing units. As we open up more land for development, it's important to remember that the city does not own the land that may be developed. This land is privately owned and property owners have the right to develop their property following master plans and the city's comprehensive plan. Next year, we'll be asking the community for input regarding the city's 2050 comprehensive plan, which will be the city's chief land use and infrastructure planning guide through the year 2050. For decades, we've enjoyed our reputation as a wellplanned community that has effectively managed its growth. This is no coincidence. It's the result of years of thoughtful planning and strategic development. I look forward to the completion of more master plans that continue to make Woodbury a premier community in which to live, work, and thrive.