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five percent (5%) of the votes cast in the last municipal general election, is filed with the City Clerk <br />within 30 days after the date of the public hearing, the City may issue the Bonds only after obtaining <br />approval of a majority of voters voting on the question at an election. The authorization to issue the <br />Bonds is subject to expiration of the 30 -day period without the City's receipt of a qualified petition <br />under the Act, or if a qualified petition is filed, upon the approving vote of a majority of the voters <br />voting on the question of issuance of the Bonds. <br />3.04. City staff are authorized and directed to take all other actions necessary to carry out the <br />intent of this resolution. <br />Adopted by the City Council of the City of Lino Lakes, Minnesota this 23rd day of June, 2014. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Roeser and was duly seconded by Council Member Kusterman and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Roeser, Kusterman, Rafferty, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />e Bartell, City Clerk <br />