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Peiij __ AGENDA ITEM #5 . 3 es <br /> REPORT TO <br /> CITY COUNCIL <br /> Date : May 6, 2008 <br /> Subject: 2007 Audit Presentation <br /> Report : Attached is a copy of the 2007 Financial <br /> Statements (Audit) . Doug Host will be at the meeting to <br /> present the 2007 audit. <br /> Council Action Requested : Council motion accepting the <br /> 2007 Pequot Lakes Financial Statements <br />