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Economic Development Committee <br /> December 11, 2007 <br /> Page 2 of 3 U. <br /> MARK JURCHEN MOVED TO GO AHEAD WITH THE <br /> PATRICK SMITH SECONDED THE MOTION. MOT CA' ' ' 4-0. <br /> 5. Business Updates <br /> Precision Water Jet <br /> Sheila Haverkamp indicated that P rt ion Water Jet has made the <br /> decision to move to Jenkins. Th °'in reason this decision is because <br /> Pequot Lakes does not have e .ace avail. 'n its Industrial Park. <br /> The Company would like at least fiv es. T, ittee discussed <br /> options to try to keep Precision Water • - City. One option <br /> discussed was the possibility of adding 3-A Y,itional lots adjacent to the <br /> existing park which would be located in the s• w irrigati eld. The <br /> Clerk indicates t the preliminary cost for ext= •.- ilities is <br /> $250,000. -e decided that this would = feasible for only <br /> 3-4 lots ! `" ' • itte' about the import. "of long term <br /> plamm� d th 'ssibility o • t at a secons phase of the industrial <br /> park. <br /> Diamond Willow A iving Ups k " <br /> a alecha inform, the Committee that Diamond Willow is still <br /> consi Q ng locating in ,us . es. <br /> Th s+mmittee suggest ending letters of support from BLADC and the <br /> llow know that the City is very interested in the <br /> a s ject. <br /> 3 e Committee discussed the possibility of the City purchasing property <br /> •� •e p ,°j s se of developing a medical park. This concept was discussed <br /> by t ittee. It was noted that the City should be looking at some <br /> typ strategic planning in order to plan for this type of use. <br /> 6. • t Meetin t Date <br /> uary 15, 2008, 8:00 a.m. <br /> ' Other Business <br /> Cathy Malecha informed the Committee that she and Sheila Haverkamp visited a <br /> retail incubator located in the City of Wadena. She indicated that she would like <br />