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Lino Lakes City Council Minutes <br /> 1. CONSENT AGENDA <br /> Motion to Approve Consent Agenda Items 1A through IF as presented. <br /> RESULT: CARRIED [5-0] <br /> MOVER: Ruhland <br /> SECONDER: Stoesz <br /> AYES: Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br /> NAYS: None <br /> 2. FINANCE DEPARTMENT REPORT <br /> A. Resolution No. 25-91— Bond Sale <br /> The Interim Finance Director introduced Keith Dahl, Municipal Advisor. <br /> Keith Dahl, Municipal Advisor, reported on the bond sale. He reported that the City <br /> received a favorable interest rate and as a result was able to reduce the size of the <br /> bond. He reported on the City's bond rating. <br /> Motion to adopt Resolution No. 25-91, Awarding the Sale of General Obligation <br /> Bonds, Series 2025A, in the Original Aggregate Principal Amount of$8,090,000; Fixing <br /> their Form and Specifications; Directing their Execution and Delivery; and Providing <br /> for their Payment. <br /> RESULT: CARRIED [5-0] <br /> MOVER: Lyden <br /> SECONDER: Stoesz <br /> AYES: Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br /> NAYS: None <br /> 3. ADMINISTRATION DEPARTMENT REPORT <br /> A. Municipal Cannabis Dispensary, Feasibility Study <br /> Motion to authorize the City Administrator to sign the contract with Great White <br /> Companies, LLC to complete a Municipal Cannabis Dispensary feasibility study as <br /> presented. <br /> RESULT: CARRIED [4-1] <br /> MOVER: Ruhland <br /> SECONDER: Cavegn <br /> AYES: Rafferty, Cavegn, Lyden and Ruhland <br /> NAYS: Stoesz <br /> Page 2 of 7 <br /> Page 23 of 240 <br />