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1~.~~ Korstad they will start with the North and put up two. He doesn't contd. think there is any legal assurance or that we can bind them to finish the ^roject as long as it is commercial. They can do as they please with it after they get their build- ir_gs on the two north lots. They feel the granting o.f this Hermit would. be against the health, safety a.nd welfare of the village and ask the Council to act according to the recommardation of the Village Planning Commission. ~3ettendorf Het.tendorf stated: He made a study of the area with respect to the adverse affect on property values. Ho checked the area, looked at the type of homes, obtair_ed what information he could as to present zoning and he believes construction of this unit will not materially affect except on the east side of Fry and immediately to the north. If you buy property across from co~:mercial, or adjoining commercial, it is a fact that depreciation takes place at that time and therefore if you do buy with the knowledge of commercial which is vacant,; any depreciation takes place at that time. Apartments are compatible with residential, Apartments are somethir_g less than Com*~ercial. If the property remains vacant and remains commercial, there is no telling at this time as to what might be built there. He feels the risk is greater if property is not built on. Apartment buildings stipulate residential use. '~iirs: Hamm l~rs~ Hamm, lbl~6 Garden asked i^rhat hax~nened if there is an adverse affect on the vrater situation. 'ire increased traffic would be dangerous, it 1~rould increase school taxes, and their petition should ask teat the property be rezoned residential Bettendorf `u'7e have three z~ossible metr~ods of providing water Public, community and in~~_vi_dual. 6`ae have had x~roblem~ with public water in St. Paul for x r_umb~r of years. If public vrater is not, satisfactory because of lack of pressure, the University of ?~ginnesota could determine size of pipe and depth of ?yell to get water without lowering water level. He believes public water would be best and believes a suitable amount could be provided, Otherwise it could come from the ground., Parking: Z'le have a tendency to use back roads. Larpenteur is a heavy traffic street east and west at present. S would su^pose that the traffic would not decrease. If anything it will increase. Land provides access to Larpenteu.r and Fry. There would be more traffic within two blocks. They would take whatever steps required to minimize traffic hazards, Number of cars don't have a. direct bearing on the actual health hazard except by virtue of numbers Potential tenants would work in either S±,. Pa-al or ~;4inneapolis, and would go Larpenteurs There is the possibility some would go north. It doesn't appear this problem would be ser~,ous. 4ctkally access is off tLLhe heavily traveled street;. There is also an access on the side street but signs could be placed to minimize traffic. 1 1 1