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Park. The total cost of this project is approximately <br /> $150,000, of which, the City's aid to construction <br /> contribution would be $86,000. <br /> The consensus of the EDC, at their meeting held on May <br /> 16th, agreed to inform the Council of this fiber optic project <br /> and ask for a directive to proceed. Some items the Council <br /> may want to consider in their directive is the need for more <br /> than one proposal and/or alternative funding sources for the <br /> City's contribution. EDC Commissioner Chris Lindholm <br /> will be present at the Council Meeting to address any <br /> inquiries. <br /> Council Action Requested: Council consensus and <br /> directive to the EDC on the fiber optic project in the Pequot <br /> Lakes Business Park. <br />