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Economic Development Committee November 20, 2007 Page 2 of 3 The Committee reviewed the flow chart from BLADC. Discussion was held regarding members of the Economic Development Committee meeting with applicants and also having a welcoming person and contact person available for applicants. It was suggested that the Economic Development Committee needed to be more involved and that it should be noted in the flow chart. The Committee thanked Dawn for putting together the Planning and Zoning lists. The Committee requested that all the lists be reviewed by the Planning Commission and Staff members. 6. Business Updates Precision Water Jet Mark Jurchen informed the Committee that Precision Water Jet has determined that Pequot Lakes Industrial Park does not have enough space for its business. Alyssa indicated that they are pursuing Jenkins at this time. Dawn Bittner indicated that the Planning Commission will be amending the ordinance to reduce the side yard setback which would be a benefit to Precision Water Jet and other businesses in the business park. Diamond Willow Assisted Living Update Cathy Malecha informed the Committee that Diamond Willow is still considering locating in Pequot Lakes. 7. Marketing Nancy Adams presented the Committee with a visitors guide from Mt. Vernon, Iowa. She noted that this is something the Committee could pursue for Pequot Lakes. Nancy also presented the Committee with a draft business survey. She indicated that the survey could be used to find out what businesses are located in the City. Justin indicated that the Committee should check with the Chamber of Commerce to be sure we are not duplicating efforts. The Committee felt the business survey was a good idea and also to move forward with the visitor's guide project. The Committee members were asked to review the business survey and to come to the next meeting with suggestions on the survey. 8. Next Meeting Date December 11, 2007 — 8:00 a.m.