Lakeville council approves CIP bonds, liquor license and multiple plats; adopts financial report

Lakeville City Council on Oct. 6 approved a package of routine and substantive items, including a five‑year capital improvement plan with issuing general obligation bonds for 2026 projects, certification of unpaid special charges to property tax rolls, approval of a set of commercial and industrial plats, and authorization of an on‑sale intoxicating liquor license for LFT Club Operations Company Inc. (Lifetime). The council also acknowledged receipt of the city's 2024 audited annual comprehensive financial report (ACFR).

The most consequential financial action was adoption of the 2026–2030 Capital Improvement Plan (CIP) and authorization to issue roughly $36.3 million in general obligation bonds in spring 2026 to fund projects identified for next year; councilors approved resolutions adopting the CIP, the five‑year street reconstruction plan and an official intent resolution to reimburse certain expenditures from future bond…