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12-31-57 <br />developed. If the estimated area needed for schools, ' <br />recreational areas, commercial and governmental use is <br />deducted from the gross area available for development, <br />there will probably be about 7280 more dwellings built in <br />town. Using a ratio of about 3.8 persons per dwelling <br />unit, it is estimated that the number of people which could <br />be housed in these new units would be approximately 27,700. <br />If this number is added to present population of the town, <br />Lexington will eventually have about 50,000 residents. <br />When will Lexington have a population of this number? <br />Perhaps earlier than most people realize. This town's <br />rate of growth is following a trend of increasing accel- <br />eration, especially in the 1940-55 period. If it is <br />assumed that the rate which has been in. effect for this <br />fifteen -year period will continue, it is estimated that <br />Lexington will have a population of about 40,100 in 1965 <br />and reach 50,000 before 1970. If, on the other hand, it <br />is assumed that the town's rate of growth will remain <br />steady at an annual increase of approximately 1006 persons, <br />then it will be 1984 before most of the total possible <br />dwellings will have been constructed in Lexington. <br />Economic Base <br />Very intimately connected with studies of population ' <br />data are those of the economic base of the community. <br />Such studies are essential not only in forecasting the <br />growth of the community and the facilities and land that <br />will be required for various purposes but also in formu- <br />lating a sound program for development of the economic <br />resources of the community. Much of the pertinent in- <br />formation needed for formulating such a program has been <br />obtained by studying census and department of commerce <br />data and, as will be noted later, by studying all the <br />land in Lexington. A general proposed land use map is <br />now being prepared for your consideration. It is recom- <br />msnded tta tone of the next steps taken, in conjunction <br />with the preparation of a detailed plan of proposed land <br />use, be the formulation of a program for strengthening the <br />economic structure of this town. <br />Land Use and Conservation. <br />In the preparation of a long range plan for the town, <br />one.of the studies emphasized has been that of Lexing- <br />ton's land uses and natural resources and the preparation <br />of a program for protecting and developing these lands <br />and resources. Particular attention. has also been, given <br />to relating this study and program to a similar one con- <br />cerning this town's recreational needs and open spaces. ' <br />In carrying on these studies I believe I have examined <br />every parcel of land in Lexington noting its condition, <br />