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Economic Development Commission Minutes <br />June 15, 2010 <br />Page 2 of 3 <br />------------------------------- <br />Chuck questioned what the Economic Development Commission is looking at in the <br />Comp Plan document. He stated that if it is it simply land use, we are not covering the <br />breadth of what goes on in the city such as infrastructure. He stated it is important for the <br />Planning Commission to tie everything together. One of the gaps that they have <br />continually found is the economic development strategy of the city, and especially with <br />business subsidy. <br />Mayor Adams stated that it was her understanding that the Planning Commission <br />discussed the financial incentives and felt that they did not belong in the Comp Plan and <br />further that there was strong disagreement against the five points in the Comp Plan <br />relating to business subsidy. The Mayor noted that she did not understand why this issue <br />is being discussed again when both the Planning Commission and Economic <br />Development Commission have stated that they do not feel that business subsidy should <br />be a part of the Comp Plan and would fit better in a Business Subsidy Policy. <br />Patrick Smith stated that he does not feel the Planning Commission should lay out the <br />criteria under which the political organization will make the decision. <br />`' 4. City Business Subsidy Plan <br />Sheila Haverkamp reviewed economic development financing overview that was <br />discussed at the last Economic Development Commission. <br />Discussion pursued about how detailed the City wants its business subsidy policy to be. <br />Sheila noted that a less restrictive policy allows a city to work with the company and <br />allows local units of government to make decisions specific to the requests. <br />It was the consensus of the Economic Development Commission to begin reviewing the <br />existing Business Subsidy Plan at the next EDC meeting. <br />5. Next Meeting Date - July 20 <br />Items to discuss at the July 20t' meeting: <br />Business Subsidy Study <br />Mayor Adams to bring the list that has been at the Library (types of businesses <br />requested in the City of Pequot Lakes) <br />6. Other Business <br />'%� There was no other business. <br />2 <br />