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-2- <br /> Motion by Councilman Sundland and seconded by Mayor Haik to accept <br /> • the recommendations of the Planning Board that the requirements of <br /> the second sentence of VIII C of the Concept Plan regarding provi- <br /> sion of conclusive proof of financial feasibility does not have to <br /> be complied with for the final approval of the Detailed Plan of the <br /> Hedlund PUD, but rather before a building permit can be issued and <br /> the authority for determining whether there is compliance with the <br /> requirement shall ,be granted to the City Manager. <br /> Motion carried unanimously. <br /> Motion by Councilman Sundland and seconded by Councilman Letourneau <br /> to accept the recommendations of the Planning Board that an uncondi- <br /> tional , irrevocable Letter of Credit for $24 ,000 for one year after <br /> issuance of the building permit be substituted for the required Per- <br /> formance Bond in VIII D of the Concept Plan with the Letter of Credit <br /> to be released by the City only upon compliance with all terms of the <br /> Detailed Plan. The Council concurs with the Planning Board that se- <br /> curity will be as good or better than under a Performance Bond and <br /> found the change "not material to the Concept Plan" under Section 13, <br /> Subdivision 6 , Number 6f of the City Zoning Ordinance . <br /> Motion carried unanimously. <br /> Motion by Councilman Sundland and seconded by Councilman Letourneau <br /> to accept the recommendations of the Planning Board that E of VI, <br /> Scheduling Component, be construed to permit Mr. Hedlund to be the <br /> first B tenant occupant of the building. <br /> Motion carried unanimously. <br /> Upon acceptance of these modifications, the Planning Board will hold <br /> a Public Hearing September 18, 1979 , on the Detailed Plan as sub- <br /> mitted by Mr. Hedlund. <br /> The Mayor told Mr. Jones the Council was "appreciative of the time <br /> and care devoted to submitting these recommendations to them. " <br /> The Mayor then requested that two items be added to the Agenda under <br /> Number 11 , Reports, and they were accepted. <br /> Motion by Councilman Sundland and seconded by, Councilman Letourneau <br /> to adopt the resolution which authorizes a budget transfer for pay- <br /> ment for additional hours worked by a part-time clerical employee. <br /> - RESOLUTION 79-057 <br /> A RESOLUTION MODIFYING THE 1979 BUDGET <br /> Motion carried unanimously. <br /> i <br />