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-2- proposed to construct a 22 townhouse complex on the northern site with a closing date of December 22nd. However , Mr. Fornell said his • conversations with Mr. Safar of Dominium had indicated that whether or not that firm builds- the townhouses depends on a feasible marketing analysis- for that site. Mr. Haggerty said although he has previously represented the owner of the property in question, • he is "representing Mr. Morris now" . He assured the Council that his client "does have an option and intends to buy the property" . Councilman Sundland then told Mr. Haggerty he is "not totally opposed to the proposal" but rather is concerned about developing the PUD as a whole and wanted all the safeguards suggested in the City Attorney 's October 14th memorandum to be followed for a partial development of the site. Councilman Marks said he , as Councilman Sundland, has been involved with this property' s development for a long time and was concerned whether the "commonality of development and design as to style and architecture, which had been agreed to in the PUD plan developed for the site by the owner and his attorney and planner, had been addressed by. the Planning Commission during their consideration of this proposal. " Councilman Ranallo then reported the City Manager had been unsuccessful in getting agreement from Mr. Hedlund to the first condition for approval set down by the Commission that "Mr. Hedlund's .remaining undeveloped property in the Hedlund PUD 'cannot be further divided but must be developed as a unit ". Mr. Soth agreed with the Mayor 's assumption that "it was up to the Council and not Mr. Hedlund to decide • how the land is to be developed under its existing zoning" because the City' s subdivision ordinance gives the Council the right to approve or --deny a proposed development , suggesting the Council view it as "typical zoning" . This discussion was deferred until after the public hearing on the Industrial Development Revenue Bonds requested by Loren Swanson for the 11,000 square foot engineering and administration addition to the Central Engineering Inc. building at 2930 Anthony Lane. Present but not speaking were Al Goetsch of Central Engineering and Paul Tietz of the Lindquist and Vennum law firm. The public hearing was closed at 8 :03 P.M. for a Council decision on the resolution approving the revenue bonds which had been developed under City policy established under Resolution 80-040 . Motion by :Councilman Sundland and seconded by Councilman Marks to adopt Resolution 80-077 . RESOLUTION 80-077 A RESOLUTION GIVING PRELIMINARY APPROVAL TO A PROJECT WITH LOREN SWANSON UNDER THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT, GIVING PRELIMINARY APPROVAL FOR THE ISSUANCE OF REVENUE BONDS TO' FINANCE THE PROJECT, AUTHORIZING • THE SUBMISSION OF AN APPLICATION FOR APPROVAL OF �.' SAID PROJECT TO THE COMMISSIONER OF SECURITIES OF THE STATE OF MINNESOTA AND AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS Motion carried unanimously.