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AGENDA ITEM #5.1 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: November 6, 2007 <br /> Subject: Economic Development Committee Update <br /> Report: The Economic Development Committee has met <br /> three times since its inception. The minutes of those <br /> meetings are attached. The committee has identified some <br /> goals which are also attached for Council's review. I <br /> believe the committee is very proactive and wants to work <br /> toward accomplishing its goals. The committee feels it is <br /> important that the goals coincide with the desires of the <br /> Council in regard to economic development. <br /> The committee is currently working with two potential <br /> business/development prospects who would like to locate <br /> in the City. <br /> Ed Larson, committee Chair, will be present to update the <br /> Council on the progress of the committee. <br /> Council Action Requested: Council acknowledgement of <br /> the attached committee goals <br />