The URL can be used to link to this page

Home My WebLink About02b. Minutes 12-14-10 Adjourned Meeting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¶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³%XVLQHVV)ULHQGO\´PRPHQWXP SXUVXLQJTXDOLW\EXVLQHVVHVDQGFRPPHUFLDOGHYHORSPHQWVDQGLQFUHDVLQJHIILFLHQF\DQG HIIHFWLYHQHVVWKH&LW\¶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¶V6HUYLFH$ZDUGWRKRQRUORFDOJURXSVDQGFLWL]HQVIRUFRPPXQLW\VHUYLFHWKH 0D\RU¶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¶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