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P a g e 3 | 3 <br />ITEM 4: Utility Financial Management Plan Updates <br />Finance Coordinator Kraemer reviewed updates to the city’s utility financial management plan <br />and utility rate adjustments for the city’s water, sewer and stormwater utilities. <br />Councilmember Kragness, seconded by Councilmember Hirn, moved TO APPROVE ORDINANCE <br />2026-03 AMENDING THE 2026 FEE SCHEDULE TO INCLUDE THE UTILITY RATE UPDATES. Roll <br />call vote taken. Motion passed 3 – 0. <br />COUNCIL REPORTS <br />None <br />STAFF REPORTS AND ANNOUNCEMENTS <br />None <br />Meeting adjourned at 7:56 p.m. <br />LAKE ELMO CITY COUNCIL <br />ATTEST: <br />______________________________ <br />Charles Cadenhead, Mayor <br />_______________________________ <br />Julie Johnson, City Clerk