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<br />MR. JEFF ZAPPA, 2369 Fulham Street: when we were at a <br />meeting earlier when they mentioned the one house where Gloria <br />Thayer lives, they mentioned that it was to be considered resi- <br />dential until the time it was bought and then it would actually <br />be reverted to B-4. <br /> <br />MR. ANDRE: Excuse me - where was that said? <br /> <br />MR. ZAPPA: When they made the original change to rezone <br />the whole thing to B-4. <br /> <br />MR. ANDRE: Technically I don't know if that is correct. <br /> <br />COUNCILMAN KERR: Are you for or against the project? <br /> <br />MR. ZAPPA: I am against it. <br /> <br />MAYOR DEMOS: Any other statements? <br /> <br />LOIS ZAPPA, 2369 Fulham Street: I realize that the City <br />wants us out of there, that we're not producing enough tax <br />income - we realize that - but we don't want to be penalized for <br />having to leave the area. We do like the area as it is. In <br />building a large road through there - my view out my front <br />window is right now nice trees and if those trees are taken <br />I'll be looking into the industrial area. I don't think the <br />value of my property will go up enough to take up the cost of <br />that assessment. <br /> <br />MAYOR DEMOS: Anyone else? <br /> <br />MR. JEFF ZAPPA, 2369 Fulham Street: Who is the 47%? <br /> <br />MR. HONCHELL: The petition was signed by the property <br />onwers at the southern end of the project - from where the <br />industrial building is on the we~t side, southerly, and the <br />Hoffmann property approximately halfway up from Highway 36. <br /> <br />MR. ZAPPA: Were there any comments from Murphy on that? <br /> <br />MR. HONCHELL: I don't know. I would have to look. I <br />don't know if there' were any comments - I don't think they <br />signed the petition. <br /> <br />MAYOR DEMOS: It was our intention, originally, that any <br />improvement in this area would be borne by the tax increment <br />financing if it was passed for the area. They're still putting <br />together the figures for that and it would certainly be my <br />hope - are we close enough to getting those figures . . <br /> <br />MR. ANDRE: We'll be scheduling a meeting shortly with <br />the Council and giving them a report. We'll have to look at <br />the figures in terms of the individual project and it could <br />be a combination of assessments and tax increment or it could <br /> <br />4 <br />