The Minneapolis Star Tribune printed an article about this:
http://www.startribune.com/local/south/108041899.html?page=1&c=y
Very balanced - what is missing here is that the conservation easement is attached to the property and is supposed to be binding on all future landowners and the city. Malt-O-Meal is saying that this is a city matter but it takes both parties in the agreement to cancel.
I also found that there was a city council meeting on June 7, 2010 where Malt-O-Meal was highilghted as the Lakevlle "Spotlight on Business" http://www.ci.lakeville.mn.us/departments/cableshow_council060710.htm
I now have no doubt that this is definitely going to happen. I looked at prior meeting minutes from the city council where residents spoke up against other actions and it never resulted in any reversals - the city's plans always proceed with a full yes vote.
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