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Lino Lakes City Council Minutes <br />Motion to Close the Public Hearing at 7:35 p.m. <br />RESULT: <br />CARRIED [5-0] <br />MOVER: <br />Cavegn <br />SECONDER: <br />Stoesz <br />AYES: <br />Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br />NAYS: <br />None <br />Mayor Rafferty opened the floor to the Council and requested that the Finance Director <br />provide information related to the public comments received. <br />The Finance Director provided additional background information in response to the <br />questions raised during the public comment period. <br />Motion to Approve Resolution No. 25-173, Adopting the 2026 Final Budget and Levy. <br />RESULT: <br />CARRIED [5-0] <br />MOVER: <br />Stoesz <br />SECONDER: <br />Cavegn <br />AYES: <br />Rafferty, Cavegn, Lyden, Ruhland and Stoesz <br />NAYS: <br />None <br />B. 2026-2030 Financial Plan <br />Mayor Rafferty stated that the City is working to get to a AAA Bond Rating from the <br />current AA Rating and the Financial Plan is part of that effort. <br />Mayor Rafferty opened the public hearing at 7:57 p.m. <br />No comments provided <br />Motion to Close the Public Hearing at 7:58 p.m. <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 />Page 6 of 11 <br />