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1'33 Mrs. Mrs. Kulkay said she had heard that when the price of a home Kulkay reaches $20,000.00 it pays its own way. Dahlgren When the value of a home reaches $30,000.00, it generally pays its way. Utecht He feels that the problem of apartment houses in the minds of the people is built up out of proportion.He is within 150 feet of the poorest apartment project in the whole village and they have never had one complaint a~;aint the people, nor a traffic problem. He Knows that the value of the homes has not suffered in the least. The house across the street sold for three times what it cost to build. There is another house across the street for sale where the owner has the choice of 12 buyers. ~Rrs. Stutz- Thinks the traffic problem in their area would be entirely different mah from that on Larpenteur. Frank Mc- Wants to go on record as stating that these apartments will definitely Manus hurt the community as a whole as far as property is concerned. The apartment project coupled with the high taxes will make it difficult to sell property. Shavor Asked if it would affect the values less if they were to have a store, drive-in or mortuary there or anything else that nu.ght go in there. He thinks apartments are definitely better as far as traffic is concerned. Kulkay Does not think it is a good idea to zone property commercial here. It is not food for a commercial area. This corner is the gateway to their community -- it is part of the character and atmosphere of their homes and the whole area. E. Y,T. Spring Wonders if the Council would consider zoning the property to its present zoning if it were being done at this time, rather than back when it was rezoned to commercial. He feels they would limit the commercial zoning to correspond with the property on the east side of Fry. L. Meyer When he moved out here, this was an area of residential homes. Are 1794 Asbury we going to make it an area of. multiple dwellings or an area or single dwellings? Multiple building areas deteriorate sooner than single family residential areas. Hamm Figures that the apartments will decrease the value of their property to the extent that if the apartments do go in, the tax benefit will be negligible. Nilsen asked if there were any other petitioners who wished to be heard. There were none. atty. Chris- In behalf of Mr. & Mrs. Lindig, he would like to say that the tenson Lindigs~nu%h~'this property some time ago and have paid taxes on the co:~mercial basis. If it were rezoned to residential, it would certainly mean a considerable financial loss. The Supreme Court had protected the property rights of others in similar situations. W. L. Hin- He understood the case referred to was where the supreme court dermann. did not consider it just for people within 100 feet in a highly congested area to be able to rezone a man's property.