This data is private development driven and therefore staff has little control over the forecast. Although the Oil and Gas economy is beginning to show signs of life, hesitation to reinvest is still possibly due in part to the economic uncertainty surrounding the oil and gas industry. In the 3rd Quarter, the City processed 90 commercial reinvestment permits with permit values totaling $27,019,390. Year-to-date, the total permit valuation of commercial reinvestment permits comes out to $60,081,724; 73% of the City's target for the fiscal year. Current performance reflects a slightly lower performance of commercial reinvestment activity than at this time last year. While commercial reinvestment is not subject to seasonal trends, it is important to note that the measure still has the potential to meets its annual target of $82,170,221.