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City Council Minutes July 12, 1982 Page Eight The City Administrator indicated that it was his opinion that approval of 75,000 square feet for the Barthel. planned unit development and approval of the Barrington Place shopping center, would exceed the recommended square footage of commercial space for the City of Elk River. The City Administrator further indicated that he did not feel the City Council could issue industrial revenue bonds for both proposed planned unit developments. Mr. Santwire indicated that the City Council should be reviewing his request and not both developments and further reminded the City Council that the public improve- ments are in his PUD. Councilman Schuldt indicated that Mr. Gary Santwire's planned unit development was not considered in the discussion of the Barthel planned unit development and further indicated that he felt the same consideration should be given to Mr. Santwire and his Barrington Place planned unit development. COUNCILMAN ENGSTROM MOVED TO GRANT PRELIMINARY APPROVAL TO MR. GARY SANTWIRE'S REQUEST FOR INDUSTRIAL REVENUE BONDS FOR HIS APPROXIMATE 47;000 SQUARE FOOT COMMERCIAL CENTER IN THE BARRINGTON PLACE PLANNED UNIT. DEVELOPMENT. COUNCILMAN SCHULDT SECONDED THE MOTION. THE MOTION PASSED 4-0. 8. School Street Improvement Project - Public Hearing The City Administrator indicated that the City Council has reviewed and approved the plans and specifications for the School Street improvement project and also ordered the taking of bids. The City Administrator further indicated that in order to comply with the requirements of Minnesota Statute, the City Council must hold a p1.1blichearing within 6 months from the date the project is to be awarded. The City Administrator indicated that prior to awarding the contract and ordering the improve- ment, the City Council "should address the bonding and financing for the project and the assessment policy and rate for the project. The City Administrator reviewed the cost for the project, the source of funds for the project through MSA funds, and assessments, and the surplus of funds that would be used for the Irving Avenue sidewalk and the up front costs for the engineering of the Highway 101 bridge. The City Administrator indicated that at the present time, it has been proposed to assess the School District and the homeowners along School Street for the cost of repairing a normal residential street on a front foot basis and further indicated that in the preliminary report, the estimated front foot cost would be $12.50. The City Admini- strator indicated that the City Council should address the level to which people are assessed along the project route and what amount should be assessed. Mayor Hinkle opened the public hearing. Mr. Nick Olson asked the City Council to consider a credit to the citizens that were assessed for the storm sewer which involved dry wells along School Street. Gen- eral discussion was carried on regarding the cost of the dry wells that were placed approximately six years ago, if they were assessed, and how much the total costs of the project was.