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does not commit the city to any development, however, not participating will <br />411 indicate the city is not interested in pursuing this opportunity. <br />OPTIONS: <br />1. Approve Resolution No. 03 -59 authorizing a $7,000 expenditure from <br />Economic Development budget for a site plan and market analysis. <br />2. Do not approve the Resolution. <br />3. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />• <br />