4.1. SR 05-19-2003 - Laserfiche WebLink

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MAY-IS-2003 04:11PM FROM-ERMU 763-441-$0~9 T-?O2 P.005/006 F-315 Page 4 Regular meeting of the Elk River Municipal Utilities Commission May 13, 20O3 6.1 Review Electric & Water Financial Pro|ections Bryan Adams reviewed financial projections for electric, and water, explaining his assumptions, and conclusions. The variables, particularly connections, were discussed. 6.2 Review APPA Electric Rate Study Bryan Adams reviewed the APPA Electric Rate Survey with the Commission, explaining the differences in the way entities report their rates. Commission discussed the way rates for Elk River are adjusted to reflect wholesale cost increases. The residential, and commercial rates are very competitive, but we need to keep downward pressure on the demand rate.. 6.3 Review & Consider Well #8 Bryan reviewed the 2003 budget line item for construction of Water Well #8, explaining plans and costs. Discussion centered on water conservation, peak times, growth, and consumption, all subjects that drive construction of water facilities. James Tralle moved to proceed with the Well #8, with Water Revemte Bonds. Jerry Takle seconded the motion. Motion carried 3-0. 6.4Review Parrish Ave. Bridge Ducts The ERMU installed three 5" diameter ducts on the Parrish Avenue Bridge when it was consta-ucted. Two of the ducts are used to carry underground electrical feeders across the river, and the third duct is not used. NorthStar Access has proposed purchasing the un-used duct on the bridge, to avoid having to directional bore under the Mississippi River as a more expensive option. They have proposed a purchase price of $9,000.00, Staff reviewed and explained the reasons for selling the duet. The sale is viewed as positive. Janaes Tralle moved to authorize the sale of one 5" duct on the Parrish Avenue Bridge, price to be negotiated by General Manager. Jerry Takle seconded the motion. Motion carried 3-0.