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1. Scope of Agreement: The scope of this Agreement is limited to the <br />residential/commercial locations within the exception area more <br />specifically identified on Attachment 1 and is further described as: <br />a. 18047 Johnson St. Attached T32 R26 S1 submap # 1 <br />b. 18035 Johnson St. Attached T32 R26 S1 submap # 1 <br />c. 18023 Johnson St. Attached T32 R26 S1 submap # 1 <br />d. 18011 Johnson St. Attached T32 R26 S1 submap # 1 <br />e. 17997 Johnson St. Attached T32 R26 S1 submap # 1 <br />f. 17987 Johnson St. Attached T32 R26 S1 submap # 1 <br />g. 17967 Johnson St. Attached T32 R26 S1 submap # 1 <br />2. Existing customers: The Parties acknowledge that there are currently <br />no existing customers of Elk River Municipal Utilities located within <br />the exception area that would be affected by this Agreement. <br />3. Compensation: The Parties agree that no compensation is owed to <br />Connexus Energy Cooperative by Elk River Municipal Utilities for <br />the limited right to serve customers by exception in the exception <br />area. <br />4. Future Service Rights: The Parties acknowledge that the limited right <br />to serve by exception the exception area as contemplated in this <br />Agreement does not convey permanent rights to serve the exception <br />area. In the event that Connexus Energy Cooperative chooses to <br />exercise its right to serve the exception area in the future, the Parries <br />agree to the following: <br />a. Notice: Connnexus Energy Cooperative will give Elk River <br />Municipal Utilities ninety (90) days written notice of its intent <br />to provide service to the exception area. <br />b. Compensation for Facilities: Connexus Energy Cooperative <br />will pay to Elk River Municipal Utilities the net book value <br />(original cost depreciated) of the service facilities in place in <br />the exception area at the time of the notice referenced in <br />Section 4 (a) (above) as compensation. The net book value <br />will be calculated using the average property unit cost, net of <br />2 <br />