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Video-1: youtube.com/watch?v=8Xw7dCgWxQA

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Good evening >> and welcome to the July 20th city council meeting. Uh please rise for a moment of silence in the flag pledge. >> I pledge algiance to the flag of the United States of America and to the

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republic for which it stands. One nation under God, indivisible, with liberty and justice for all. >> Taylor, roll call, please. V >> here. >> Walter >> here.

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>> All right. So, next on the agenda is citizen comments. This is a period for uh citizens to get up and speak. Uh if you do choose to get up and speak, please leave it to three minutes or less. And is there anybody that would

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like to come and approach and speak? And then please give your name and address when you come up to the podium. >> My name is Chris Moler. I live at 9025 225th Street West.

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Um I'm here tonight on behalf of my wife, our four children, my parents, siblings, and five generations of my family who came before us. As a part of Lakeville's 2050 conser comprehensive use plan, we discovered that my family's

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farmland has been included in a proposed orderly annexation agreement between the city of Lakeville and Eureka Township. which is the small agricultural community along Lakeville's southern border. Uh I want to start by saying we did not

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buy this land as an investment to hold onto and hopefully sell for profit someday. My family has owned and cared for this land for more than a hundred years. the farmhouse where my mother grew up, where my grandfather grew up,

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and where I today am raising my children, uh, today sits on one of the last remaining legacy farmsteads in the area. Our family's roots here run deep. I went to Lakeville High School. My mother, who's sitting back there, was a

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beloved science teacher at Meuire for over 40 years, teaching seventh grade students at Magguire all about the role that agricultural, natural resources, and health ecosystem play in our daily lives. For six generations, our family

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has called this land home. We don't want it reszoned. We don't want it developed. We understand that having our land in an orderly annexation agreement does not immediately immediately equal those things. But we know that is one step closer to that uh

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in the future. One where our farmland becomes another warehouse building, industrial park or airport runway. We recognize that managing growth is part of of your responsibility as our elected leaders. But as you make decisions that will shape Lakeville's

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future, I ask you to consider, is the goal to grow in land size to annex plots of farmland from small neighboring townships until Lakefell is doubled in size? When is enough growth enough? With Lakeville residents already

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experiencing explosive housing growth, overcrowded schools, and increased traffic with the roads that can't keep up, is it fair that we focus on managing the growth within our current city limits before discussing expansion into

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neighboring townships? Tonight, I just want Lakeville city leaders and any developers listening to understand that not every old farm they see on a map should be circled and earmarked as a future growth opportunity. The farmland and green

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space in this area is rapidly disappearing. But there are still some of us that understand the importance of legacy and agriculture and we desire to preserve this for future generations. We respectfully ask that you erase that

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circle that is currently around my family's century old farm from your annexation proposal and to allow us to remain the agricultural township of Eureka that we belong to. Thank you for your time and consideration. >> Thank you, sir. Is there anybody else

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that would like to make public comment? Yes. >> Good evening. Thank you for the opportunity to speak. My name is Jim Saubber. Um I am representing GTJ Company at 887525th Street Lakeville. And it's on the same

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topic that Chris discussed. Um I'm going to read a formal objection to the property inclusion in the in the orderly annexation. I'll share a copy. Um at the top, we have 10 we currently own 10 parcels that are are part of this. So,

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dear members of the Lakeville City Council, I represent GTJ Company LLC, owners of the above reference parcel IDs located within Eureka Township. I understand that these parcels are currently proposed to be included within the draft orderly annexation agreement

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under consideration with Eureka Township. This letter serves as my formal unequivocal and objection to the inclusion of the above reference parcels in any current or future orderly annexation agreement

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annexation designation area or similar planning classification that contemplates or facilitates annexation to the city of Lakeville. I request that all the above parcel IDs be removed from the from the proposed orderly annexation

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boundary and excluded from all related maps, exhibits, and future planning documents. Please enter this formal objection into the official public record and ensure draft orderly annexation documents are updated to reflect the removal of these parcels prior to any approved actions. So, I'll

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share this with whomever. I'd also I'm sorry. >> No, go ahead. I'd also like to read something real quick. Um, this farm, as Chris mentioned, has been in our family since 1876. Being 150 years this year, we have chosen to remain in the township for a

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specific reason, and we do not consent to have our property brought into the city through the annexation process, especially without any consultation to us. We had to hear about this through back channels. So, very disappointing.

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My concerns including the following. Loss of rural township character. Our property and the surrounding area reflect a rural lowdensity character that is consistent with is inconsistent with city zoning, land use policy, and

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development patterns. Annexation would threaten to change this character permanently. Once it's gone, it's gone. With the continued loss of rural and farmland all around Lakefell, our goal is to keep this property rural. also

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increased tax burden. Annexation would subject subject our property to city tax rates and assessments that are higher than what we currently pay under the township without a corresponding increase in value or benefit to us as property owners.

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Number three, unnecessary or unwanted services. The city has not demonstrated, nor have we heard a compelling need for the property or services that are already adequately provided by the township or by private means such as well, septic, fire agreements, etc.

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Number four, lack of property owner consent. This annexation is being pursued without the con consent of the affected property owners. >> If you can wrap it up in about 30 seconds, >> we'll do. Thank you. I believe annexation of privately held property should require informed consent of the

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owner. Number five, impact on prop land use and property rights. Number six, financial impact to the township. For these reasons, I respectfully request that the city council exclude our parcels from any annexation order uh agreement. Provide a public hearing with

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adequate notice so that affected property owners have a full opportunity to be heard. Um, I would welcome the opportunity to discuss this matter further and to provide any additional information the council may need. Please confirm the receipt of this and notify us of a date and time of any any uh

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hearing. Thank you very much and have a great evening. >> And and leave a copy of that first thing with Mr. Snder there. >> Okay. Fantastic. >> Yep. And then >> Yeah. >> Thank you. Would anybody else like to speak? All right.

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Uh, additional agenda information. Anything for tonight, Mr. Miller? >> Nothing tonight, mirror. >> Okay. Our presentation. We have a presentation from, uh, public works director Paul Omi. >> All right. Good evening, Mayor, city

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council members. This is our second quarter report for public works. So, just want like to start off with introducing uh a few new uh team members to public works. Aldalfoa is our new facility technician. He's going to be working on anything

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mechanical or improvements to any of the facilities uh in Lakeville here. Sylvia um Partes is our facility attendant and she's gonna be working part-time at city hall mainly in uh um on on cleaning and

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uh upkeep of the city hall. And then Nick Goiti, uh he's our new GIS manager. He actually just started today. He comes from Arizona, uh Goodyear in Arizona, and he was a GIS um manager down there for for a number of years. So, we're really excited to add these employees to

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our team. Uh moving on, the county has a very small overlay project. I just wanted to bring to your attention this year. Um this it's on County Road 46. Uh there are going to be milling and overlaying that section of road about6 miles just

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um east or just west of uh 35 over to 5. And there's going to be some small storm sewer improvements, curb and gutter replacements, and again milling and overing. The project's going to start August 10th. are anticipated right now and hopefully wrap up in early

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September. Moving on to our street improvement projects for this year. This was as you probably know that this is our Dakota County Dakota Heights area mill and overlay projects. We're overlaying five a little over five miles of streets of these local streets. Um we did replace a

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lot of spot recur curb and gutter that was in disrepair and settling. uh we did replace a bunch of water mean um hydrants and bolts and things like that and then there's additional additional storm sewer improvements that were taking place in conjunction with this

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project as well. So the first phase of the project is now complete that's the blue areas in here. Um paving um this week is going to be taking place in the more of the purple area on the u closer to IPA in south of 175th Street and

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we're going to be wrapping up phase three which is the yellow area um you hopefully in August before school starts. Uh the pink this uh that that's phase that's phase um three as well too. So

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that's that's part of this one. you know, it's kind of the yellow shaded area. Yep. So, and then our miscellaneous project this year is a little bit bigger than most. Uh we did we're are going to be overlaying uh 2.5 miles of smaller street areas in the

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community, mainly in the downtown area and off of uh Cedar Avenue. Uh we did uh make improvements to or actually construct uh almost a miles worth of new trails um in the community. see the picture in the upper right hand corner

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here, that's the new trail along High View Avenue and the picture just south of there or just um below that is the Cedar Avenue trail and that trail is going to be paved here this week. So, they're making good progress on that section of the road as or trail as well.

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And then the several 88 ramps that were placed throughout the community as well in conjunction with this project. And then moving on to uh the Lake Marian Greenway Trail. I know the park director uh give you an update at his last quarterly update, but just wanted to

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focus in on the Kendrick Avenue area. There's going to be a pedestrian crossing there associated with the Greenway Trail project that's going to be starting up here in early August, but there's going to be some trail impacts associated with that. Uh those improvements are going to be a detour. And the detour routes I we think it was

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going to be on 35. um probably just one lane of traffic going through this area just because of the tight nature of the the improvements and uh making those improvements. So there's going to be a push bush actuator u crossing crosswalk at at this intersection um in the future

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too for for the greenway trail. And then we did uh coordinate the Kenrich retaining wall improvements just north of um the greenway project uh to be uh completed at the same time as that

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project uh as a trail project. So the that trail or that the retaining wall at Kendrick is uh failing a little bit. So we're making some improvements there, reinforcing the wall, making some storm sewer improvements, um parking lot improvements as well. and we're going to be starting that project August 10th and

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ending that project is anticipated to be completed at the end of September. Moving on to our surface seal project. Uh this is our annual surface uh improvement project to try to extend the life of our streets. Uh rejuvenate the

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the the pavement. Um and it's a cost-effective way to uh extend the life of our streets. So we're going to be doing 18 miles of uh of surface ceiling throughout the community this year. And that project is going to be starting on July 27th and the residents will get

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notified of this project um prior to construction. Then moving on to our updates for our divisions. Um street division was busy the last uh earlier this year with uh or earlier this month with Panaprog. Uh we assisted with traffic control and

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sweeping and crowd control um traffic control those type of things. And uh we did again participate in touch a truck event which is a real popular uh activity for for the young ones. And then just some some of our activities through the street

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department. Uh big thing right now is tree removal. Um and pothole patching uh street sign replacements. We do that on an annual basis just to make sure our retroreflectivity of the signs are are up to snuff. Um manhole cleaning inspections those type of things. and we

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are doing a bunch of uh sidewalk repairs, replacements and and curb replacements as well in house. Then moving on to our utility division, I just wanted to highlight our water use for the year um so far. So through end

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of June, we are tracking um our water use really consistently with what we saw in 2025. So right now we've produced a little over 1.29 29 billion gallons, which is really similar to to 2025. And then some of the projects I'd like

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to highlight for our utility department, the Dakota Heights water tower was uh recently painted recoded. We stripped out all the paint and uh re recoted it um to extend the life of the steel um structure. So that project uh Dakota

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Heights project is now completed and the contractor is moving on to Hamburg Tower. There's some spot repairs that they're going to be making there. And then also after that project's done, they're moving on to the Holy Oak tower as well. There's some small um patches there that we would like to um u improve

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upon or or fixed as well. So um so the extended life of the of the coating on those t those tanks and then uh the sewer lining project, this is our annual sewer lining project. Uh that project is now complete too. We did a little over 2.5 miles of aligning

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of our sewers. uh to extend the life of those that infrastructure as well and to try to keep the roots um from penetrating into the pipe as well and to reduce the likelihood of backups on those pipes as well. So so that that project is now complete.

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Uh water efficiency grant program uh from 2024 to 2026 is now completed. Um so that pro that program just ended a couple weeks ago. 286 applicants uh did participate in this uh rebate program

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for smart irrigation systems um uh efficient toilets and irrigation um components as well. In all, we did receive uh almost $30,000 of grants, money back from the Metropolitan Council, and just based upon their

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calculations, we're going to be saving estimated like a little over 4 million gallons of water per year um with these improvements that are being made. So, and we did we were successful for a new grant through the Metabolic and Council and we're hoping to start that grant um

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program here at the end of summer. Moving on to the environmental um resources division. So we did have a audit um that were met the metropolitan pollution control agency did uh uh conduct an audit through the city uh

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just making sure that our MS4 program is uh consistent with with our actual documentation. And so the audit was completed a couple weeks ago. That includes in the MS4 um permit again includes educational um documentation, inspections, pollution control

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preventions, and um program documentation. So with all of that um work um we did successfully complete the audit with minor little revisions that we're going to be making um through the program. But uh overall it was a

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successful audit and um we we did pass. So I just want to thank the city departments that were assisted in that um audit process. It's a big lift for for us and there's a lot of documentation that the that the MPCA requested. So that was it was a lot of

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work in a little amount of time that we had to complete. So I just wanted to highlight uh a success story for irrigation audits that we completed over the last three years. Um Bellent uh town homes association that's one of the bigger town homes that

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we have here in the in the city. Um they went through the audit program, the irrigation audit program and through our rebate program. And previously to the audit and the irrigation um improvements they made, they were spending upwards of

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$30,000 on irrigation just on spending water. They had very efficient irrigation system, spraying water, but it really didn't need to be and their smart controllers weren't really smart. So through the program um they made all the improvements over the last three years and they reduced their water

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consumption significantly and now they're paying right around $13,000 and saving right around $20,000 um in annual water usage. So there's a really good success story right there. So uh environmental resources again are they're working on some several re

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restoration projects. Ritter Farm Park uh we're in our third phase of our improvements in in the park right now. also those that we're going to be starting spraying and start cutting down some woody um buckthorn um here in the near future. Phase one and phase two are

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now complete and we're going to do some mowing and some maintenance in those phases. Um and then we're out for bid right now on East Lake Park. We're going to be looking at making some improvements to the uh um the wooded area um along East Lake Park in the future trying to and cutting down some

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more of those buckthorns and and trying to restore the some of the native species in the area as well. And then uh the phase two project would be um restoration of the lakeshore area as well too and that would take place in this winter.

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And uh another uh project that the environmental resources is working on is u um buckthorn management in Caspersonson Park. Um so backed by popular demand, the goats are back in town uh munching on buckthornne in this park. So we have 30 goats right now in

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the park. Um and uh they've been out there for a little over a month now um eating away at uh our native areas. Um and uh they I think they'll be in town another couple weeks, but then we'll coming back in in the fall as well for some uh additional um management in the

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park. So, uh couple things that we're going to be trying um this fall, new programs for environmental services, uh is fundraising for Ritter, uh Farm Park. Uh there's going to be we're going to try our our ann or try a uh plant sale to

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try to raise money for maintenance and upkeep of of fire park. Um we'll be selling some plants and some native bulbs and some seeds um online at the city um city website uh to help support those efforts. Um online orders are are

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still open right now and you can still order um plant materials up until August 28th. Um, and uh, you can pick it up at CMF in on in September. So, and then we're going to we're partnering with Lakeville Liquor on a pint puzzle and

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pizza event on October 8th to raise money again for Ritter Farm Park. So, uh, you can still sign up for that event as well, I believe. So other activities that uh we're working or have worked on and continue to work on are the landscape including

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water re uh recap um programs um uh we did have 28 new residents participate in the introduction class for landscaping on their property and best management practices those type of things. And then after they completed that uh course you can go on to the design course and

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there's 14 um me uh residents that completed that course as well. And through that program, there's grant dollars that are available and we're um 11 uh properties have are interested in receiving some grants to make improvements on their property through

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this program. And then native detective of or course classes were held um in June and 17 um participated in that. And then do have bee monitoring at rare farm park again. Um we had two events on June

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or July 10th and the 17th and those were really successful. Um then we do have one on the 17th or August 7th. Unfortunately that's already filled up but you can put your name on the waiting list if interested online. Then moving on to the forestry department. Uh we did complete our

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annual private asht tree um inspection for the year and we did identify 310 properties within the community that have um infected ashtree on their private property. So we did notify all those properties. We did have uh 2 um we

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did inspect 261 of those properties on site and work with those property owners uh to remove those those ash trees. So they're fairly successful. We almost we um we uh worked with the property owners and removed almost 300 trees to this point and they're still working with 15

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other property owners to uh get into compliance. And then uh just wanted to highlight Oakquilt um that we're seeing more and more of this in our community. We've again we've uh just recently we've identified four um areas within the

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community with with um Oakwilt Ryder Farm Park, Lone Tree Lone Tree Point, uh Great Oak Shores and Brackets Crossing. Um we're trying to manage the this infestation through trenching or treatment uh injections or we're going

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to have to remove some trees in the in this winter as well too. So trying to do our best to to manage that that uh outbreak as well. And then forestry has taken a lot of calls on from private oaks uh private property owners that have oaks that are are suspicious to

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having oakwell too. So they're actively meeting those property owners and and seeing uh what they can do to uh uh manage that uh th those oaks on their property. And with that uh that's the update that I have for public works and I'd stand

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for any questions you have. >> Thank you Mr. Roi. Uh any comments or questions? I >> appreciate the report and it was interesting to see um with the uh water rebate and the water audit programs in the last three years the water usage has

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been low and steady. So >> So yeah, it's it's a good story to tell, I think. >> Absolutely. It's always good to see the goats back, too. >> Exactly. >> All right. Next up is the consent agenda. Anything you'd like to highlight, Mr. Miller? >> Thank you, Mayor Council. Two items

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tonight. 6D is a proposal from Kanani for the purchase of playground equipment for East Community Park phase 2. Just wanted to point this out as this is the continued use and investment of the park bond referendum funds that that were approved. And then item 6J is uh donations from the Lakeville Public

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Safety Foundation. There's actually two components to this donation. One is for 20 bereavement packets or baskets that I should say that our police department uses um on the occasion when they need to um provide those and then 200 K9 patrol patches and together those are

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valued at $3,000. >> Thank you. Council, anything that you wish to pull? All right, with that I take a motion to approve the consent agenda. >> I move that we approve the consent agenda. All right, we have a motion and a

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second. All in favor say I. I. Anyone opposed? All right, the consent agenda is passed. Uh, next on the agenda is to acknowledge the 2025 annual comprehensive annual report.

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>> Thank you, council. Um, I am excited to share the audit findings. Uh we have Tyler C who's um an senior audit manager at ABDO. We did switch audit firms which is always a big lift for both sides um the audit firm and the city. So um I

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want to report it went very well. Uh very pleased with the results. Um just letting you know too if you happen to notice in the actual 2025 report we did get the excellence award for our 2024 financial report. So that was our 37th

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consecutive year of receiving the award. Um and we have already submitted this year's report to the GFOA for that award, we've also submitted to the state auditors as required by the June 30th um deadline. So after council formally

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approves the report tonight, we will put it on the city's website. And with that, I will let Tyler C uh take over and share his findings. All right. So, I'll go over the financial statement audit presentation. Um, so the audit presentation is meant

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to essentially be a highle overview of the audit. So, giving you guys kind of the the main points that we feel like you should be aware of without getting lost in the details of of the full audit report. Um, so I'll go over first of all the audit results. I'll then get into the financial results for 2025. So, I'll start with the general fund and then

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move on to your other governmental funds. So, your special revenue, capital project, and debt service funds. Um, I'll then go over your utility and liquor funds, your enterprise funds. Um, and I'll end it off with what we like to call key performance indicators. U, so our responsibility as auditors is

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to issue an opinion on the city's financial statements. We are issuing what's referred to as an unmodified opinion on the financial statements, which is a clean audit opinion. So, the opinion would be striving for in a financial statement audit. Throughout the course of the audit, we also review state statutes that are relevant uh to

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the city. Um and if we found any issues, we would have a you know compliance finding. Uh we have no instances of non-compliance to note. Um and then this year as well because of the federal funding that the city received, we also performed what's called the single audit uh which is essentially additional

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federal or additional audit testing on control and compliance related to federal funding. Uh so this year specifically, we looked at the safer grant dollars. Um we also have no instances of non-compliance to note on the single audit. So, all in all, clean audit uh for 2025.

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So, moving on to the uh financial results here, what we're looking at is your general fund fund balance in comparison to the city's fund balance policy. Uh so, your policies maintain a fund balance of 40 to 50% of your following year's budget. Uh and what this graph shows is that at end of 2025,

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your fund balance is about 54% of your following year's budgeted expenditure. So you're meeting and exceeding that fund balance policy for 2025. Here we're looking at the general fund budget to actual results for 2025. Uh so on the two left columns you're going to

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see the original and final 2025 budgets. Uh in the middle you'll see the or in the middle you're going to see the actual amounts and on the right you're going to see the variance of that final budget. Uh so you had positive budget variances for both revenues and expenditures. revenues mostly due to investment earnings coming in higher

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than your budget and then expenditures was really due to several different departments. You know, general government, public works, public safety um spending less than that final budgeted amount. Uh I'll also point out the transfers out the general fund transferred out about $1.8 million uh to

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your capital project funds to help fund um some capital projects. So overall, your general fund balance increased about $2.2 million. And then that bottom $25 million amount, that's your uh total general fund fund balance at the end of 2025.

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Taking a glimpse at your general fund revenues by type over the last three years. Um so your main source of revenue of course in your general fund would be your property tax levy. Then other categories would be things like license and permits, intergovernmental revenues, grant revenues, uh charges for services,

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and then other revenues is mostly things like investment earnings. same format to this graph here but now just looking at the expenditure side in the general fund over the last three years. Uh so your different departments being general government, public safety, culture and public works and then other

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would um mostly be transfers out to other funds. So moving on to the special revenue funds. Um here what we're looking at is your four special revenue funds that are currently open. um your fund balances from 2025 and 2024 um and overall here

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your fund balances in special revenue funds increased about 160,000. This was mostly due to um local affordable housing aid that the city received in 2025. And then the bottom half just shows kind of what those reserves are made up of. Restricted being externally

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imposed restrictions and committed being inter internally imposed. Um, so most of that restricted amount would relate to your local affordable housing aid and your opioid settlement money. Here, this is just a quick view of your debt service funds currently open. So,

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uh, here are just all the bonds listed out that are currently outstanding. Um, the bonds outstanding as well as the, um, year of maturity on each of these obligations. And the bottom there shows your current amount of total cash and overall total assets. um in the debt

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service funds as of 123125. And here, next slide, we're looking at your future debt service obligation um over the next 10 years um which kind of drops, you know, year-over-year as certain bonds mature.

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Quick view of your capital project fund balance. So kind like your special revenue funds, your capital project funds are mostly either restricted from um external um from external sources like bond proceeds, park dedication fees, things like that or restricted

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fund balances. Then you also have a lot of fund balance that's committed. Overall, your fund balance in the capital project funds did stay pretty consistent between 2024 uh and 2025. Um and your overall fund balance in your capital project funds is about 80

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million. um which is either you know mostly restricted or committed fund balances. Now here looking at your enterprise funds um the top half of this slide shows your operating activity over the last four years. So your operating receipts uh debt payments as well as

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operating costs and then the bottom half of this slide shows your cash balance over the last four years. And that black line is what we'd like to call a minimum target balance, which really isn't like a requirement, but it's kind of a good operating target for a utility fund. Uh so in this case, we're looking at six

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months of operating costs plus your following year's debt service obligation. So this graph shows your cash balances meeting and exceeding that target balance. Uh but also keep in mind the need for future capital purchases outside of the utility fund or for the

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utility fund, I should say. Same format to this slide here, but just looking at your your liquor fund over the last four years. So operating activity on the top and then cash balance on the bottom. Um here your minimum target balance is two months of

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operating costs. Um so your cash balance um is slightly below that operating um target balance, but you did have a lot of capital purchases last year. And as I'll kind of point out in this next slide, the liquor fund has been operating uh pretty solidly over the

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last three years. So this is just kind of a a review of your change in net position and cash balance for the liquor store fund. Couple things I want to point out on this slide is the gross profit percentage over the last three years um

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has been uh increasing from 27.4 4 in 202 um 3 to 28.4 in 2025. So solid gross profit percentage. Um and then also the transfers out line item. This just shows that the liquor fund is transferring out funds to to help other parts of the

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city. So moving to funds to the general fund, debt service fund, um as well as capital project funds. Then here, just a quick review of your total cash and investment balances uh by fund type over the last three years. So this just shows your total total cash

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and investments on hand really. Um so you ended um 2025 with about $182 million on hand spread out across all the different aspects of your city. Uh currently most of your cash is in your capital project funds. And now here this is the kind of the key

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performance indicator section of the presentation. Uh here what we do is we compare the city of Lakeville to other cities in Dakota County as well as class 2 cities. Uh class 2 cities are cities statewide with a population between 20,000 and 100,000. So kind of a wide

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range of population there. Um some of this data we have up until 2024 for comparison. Some unfortunately we only have until 20 uh 23. But just for example here um on the left you're looking at the city's tax rate over the last four years which is a little bit

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below the peer group averages for Dakota County as well as class 2 cities. And then the slide on the right here shows kind of a full view of a taxpayers's tax rate kind of broken out between city, county, school, and special district tax rates. here. This one you're looking at your

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long-term debt per capita and then your debt service expenditures as percent of total expenditures. Uh so in this case, the city is above um the averages in these two categories. Uh that that debt service expenditures as a percent of total expenditures has come down to

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probably pretty comparable to your peer groups. And then here we're looking at your current expenses per capita and capital expenses per capita. Um so current expenses per capita would be all your kind of operational costs. Um your governmental operational costs. So um

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all costs besides capital and debt service essentially. Um and then your capital expenses per capita would be your big ticket capital projects and equipment purchases which of course it's going to be some volatility year-over-year depending on when your bigger projects take place and things

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like that. So that's what I got. I'll open up for any questions on the audit presentation. >> Council, any questions, comments? >> I appreciate that. That was very You took a lot of complicated information and the slides were great. Can you can

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you go back one slide? I just find this one fascinating. The I mean, we're so much lower in >> expenditures per capita, but our debt is so high. >> Is that or this isn't debt? as his capital expenditures, but are as high on the last slide.

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>> So essentially, you know, it's been a busy capital years for Lakeville for sure. A lot of projects going on, equipment purchases, things like that. So that has kind of had you above those those peer group averages. >> Just observations. >> I I just want to say congrat, you know,

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thank you for the presentation and I I agree. um you did a very good job of taking some very complicated information and making it understandable and congratulations on the award again. Um I always like to point out that this is

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the people's money and you are our city is doing a very good job of accounting for that and staff is doing an excellent job on stewarding uh those tax dollars. So well done. >> Thanks for having me.

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So, is there anything else with this stall? Okay. Um, so looking for a motion to acknowledge receipt. >> Yeah. >> For the year ended December 31st, 2025. >> Second.

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>> All right. We have a motion and you guys are just taking turns. We have a motion and a second. Uh roll please. Walter >> I >> B >> I B >> I >> All right.

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>> And you know the document was really well done. 175 pages. >> Yeah. >> But it was really well done. >> Absolutely. Um no unfinished business. Uh no new business uh listed here. here. Is there

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any committee updates? >> None. All right. Uh, with that, our next city council meeting will be August 3rd, 2026. And I would take a motion to adjurnn. >> I move to adjourn.

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>> Second. >> All in favor of adjourning say I. >> I. Is there anyone opposed? All right. Meetings adjourned. Where are you?