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RESOLUTION 11- <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING A TRANSMISSION OWNER SERVICES AND <br />ASSET ASSIGNMENT AGREEMENT WITH CENTRAL MINNESOTA MUNICIPAL <br />POWER AGENCY <br />BE IT RESOLVED by the City Council of the City of Elk River, Minnesota (hereinafter <br />referred to as "City"), as follows: <br />Section 1. It was previously determined that it was in the best interest of the City to <br />utilize the resources and services of the Central Minnesota Municipal Power Agency "CMMPA" <br />to participate in the development and investment in the acquisition, construction, ownership and <br />operation of high voltage transmission of electrical energy and capacity, negotiation of contracts, <br />planning, including transmission needs studies, transmission arrangements, engineering and <br />technical assistance. <br />Section 2: The City now wishes to properly update and supplement its relationship with <br />CMMPA and also authorize the administration by CMMPA of the City's participation in and <br />receipt of revenues from such transmission projects as are approved by the City and the City's <br />own qualifying transmission facilities which it designates for administration by CMMPA, if any. <br />Section 3: The City does hereby approve the Transmission Owner Services and Asset <br />Assignment Agreement with the Central Minnesota Municipal Power Agency dated the 20~' day <br />of April, 2011 <br />Section 4: The CMMPA Transmission Owner Services and Asset Assignment Agreement <br />is hereby approved in the form presented at this meeting. The Mayor and City Clerk are hereby <br />authorized and directed to execute such Transmission Owner Services and Asset Assignment <br />