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Economic Development Commission Minutes <br /> October 19, 2010 <br /> Page 2 of 2 <br /> Tommy Woog stated he would like to see a map that would reflect the gaps are in the <br /> City so that the EDC would have an idea of where infill is needed. He suggested that the <br /> City could then give subsidy to infill areas that are void. Another suggestion was to <br /> provide a list of what businesses Pequot Lakes is missing and the businesses that are <br /> available. <br /> Sheila Haverkamp stated that it seems that the EDC is looking at a two-tiered approach <br /> for business subsidy to encourage economic development. The first would be the actual <br /> business subsidy policy that could be used to encourage subsidy for major developments <br /> and the second could be used as an incentive program to encourage infill in vacant areas. <br /> It was suggested that this second approach could also include marketing strategies, and <br /> business expansion and retention. <br /> It was the consensus of the EDC to include the comments from this meeting into the re- <br /> draft Pequot Lakes Business Subsidy Policy. It was recommended that the draft policy be <br /> reviewed by the City's bond attorney to ensure that all statutory guidelines are met. The <br /> policy would then be reviewed again at the November EDC meeting. <br /> The EDC consented to begin drafting a policy for smaller projects following completion <br /> of the Business Subsidy policy. <br /> 4. Next Meeting Date-November 30, 2010 <br /> Sheila Haverkamp stated that she would like to show the EDC a presentation at the next <br /> meeting. The EDC changed the meeting date from November le to November 30`". <br /> 5. Other Business <br /> There was no other business. <br /> 6. Adjournment <br /> Meeting adjourned at 9:05 a.m. <br /> Respectfully submitted, <br /> Sandy Peine <br /> City Clerk <br />