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Access to capital — The words are too general and the recession is not relevant. We need `-- to identify capital to come here regardless of economy. This section could be framed in a more positive way. The four -lane highway is imminent and needs to be identified. Page 16: Opportunities and Challenges — this will be completed later. The Economic Development Committee is developing a SWOT and is working with the Initiative Foundation. Principles — We need to market Pequot Lakes and what is has to offer; we need to do whatever we can to make the City attractive to customers. Line 30, change "be" to "remain" competitive. Line 36, expand why we are so unique. Line 13, change "many" to "some ". The first two paragraphs may be too negative. Many businesses that are renters are unable to cash flow themselves. The School District also has an impact on the economic development. The extent may come out of the SWOT. PUBLIC HEARINGS: None. ADDITIONS OR DELETIONS TO AGENDA: None. OPEN FORUM: None. NEW BUSINESS: a. Metes and Bounds Subdivision, Beverly Ratheke — Mr. Marohn explained the Staff Report. Applicant was not present. Dan Kornelyk, property owner of the parcel to be consolidated into Tract A, was present. Staff informed the Planning Commission that the City is moving forward with vacating the portion of Front Street that is included in Tract B. Mr. Marohn explained the proposed conditions. After discussion regarding the sewage treatment systems, proposed conditions 2 and 3 were removed. A motion was made by Tom Adams, seconded by Scott Pederson, to approve the metes and bounds subdivision, based on the following Findings of Fact: Minutes Pequot Lakes Planning Commission January 21, 2010