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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: <br />CARRIED [5-0] <br />MOVER: <br />Ruhland <br />SECONDER: <br />Stoesz <br />AYES: <br />Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br />NAYS: <br />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: <br />MOVER: <br />SECONDER: <br />AYES: <br />NAYS: <br />CARRIED [5-0] <br />Lyden <br />Stoesz <br />Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br />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 <br />to complete a Municipal Cannabis Dispensary feasibility study as <br />presented. <br />RESULT: <br />CARRIED [4-1] <br />MOVER: <br />Ruhland <br />SECONDER: <br />Cavegn <br />AYES: <br />Rafferty, Cavegn, Lyden and Ruhland <br />NAYS: <br />Stoesz <br />Page 2 of 7 <br />