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AGENDA ITEM #10.1 . <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: October 2, 2007 <br /> Subject: Economic Development Committee Update <br /> Report: The Economic Development Committee has met <br /> two times since the Council formed the committee. The <br /> first meeting was held on September 11th. A special <br /> �-- meeting was called on September 17th to discuss two <br /> proposals; one for the purchase of a business park lot and <br /> another from a developer proposing an assisted living <br /> development. <br /> Ed Larsen was elected chair of the committee. The <br /> committee discussed goals and purpose of the committee. <br /> The committee also discussed involvement with other <br /> committees. <br /> The Economic Development Committee has recommended <br /> that the Council disband the Business Park Committee. It <br /> was felt that the role of this committee should be handled <br /> by the Economic Development Committee in order to <br /> streamline the development process. <br />