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ECONOMIC DEVELOPMENT COMMITTEE �-- MINUTES MAY 19, 2009 MEMBERS PRESENT: Ed Larsen, Patrick Smith, Cindy Reich, Justin Bolz- Andolshek and Mark Jurchen ALSO PRESENT: Mayor Nancy Adams; Sheila Haverkamp, BLADC; Ruth Ann Hanson, Chamber; Sheila Holley, Realtor Advisor; Adeel Ahmud; University of Minnesota Extension Service; Dawn Bittner, Zoning Administrator; and Sandy Peine, City Clerk Call Meeting to Order The meeting was called to order by Chair Larsen at 8:00 a.m. 2. Consider EDC Minutes MOTION BY MARK JURCHEN AND SECONDED BY PATRICK SMITH TO APPROVE THE APRIL 21, 2009 EDC MINUTES. MOTION CARRIED 5 -0. \.,. 3. Sheila Holley — EDC Realtor Advisory Ed Larsen introduced Sheila Holley as the new Realtor Advisor to the Economic Development Commission. 4. Adeel Ahmed — MN Extension Sheila Haverkamp introduced Adeel Ahmed. She noted that Adeel is an educator with the University of Minnesota Extension program. Mr. Ahmed explained some of the programs offered by the University which revolve around economic development. Mr. Ahmud talked about the Community Visitors Business Expansion Program. He noted that this programs instructs community members to do business expansion programs which creates good will between community members and businesses. Another program that was discussed was the Market Area Profile Program. This program works with demographics to determine types of customers so that a marketing strategy can be developed for the City. There is software available for this program. The program also determines the types of people that are coming to the community and identifies gaps in the retail business. Discussion was held by the EDC regarding how to determine who is actually buying product from the retailers; local residents or vacationers. It was suggested a market analysis may help to answer this question. Commissioner Smith stated