4.2. ERMUSR HANDOUT 07 12 2011 - Laserfiche WebLink

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PUBLIC UTILITIES COMMISSION RESOLUTION BE IT RESOLVED by the "Commission", as the governing body of the Public Utilities, a Minnesota municipal utility, of the City of ,Minnesota (hereinafter referred to as "City"), as follows: Section L It was previously determined that it was in the best interest of the City to participate in the Brookings-Twin Cities Transmission Project and the Commission previously approved participation in the Brookings-Twin Cities Transmission Project through the Central Minnesota Municipal Power Agency with a participation amount not to exceed $ without further action of the Commission. Section 2: An opportunity has arisen to acquire an additional participation interest (election share) in the Brookings-Twin Cities Transmission Project from the City of Delano, which has decided not to participate in the Brookings-Twin Cities Transmission Project. Pursuant to the terms of an Agreement to Transfer Election Share, the parties to said Agreement, being the City of Delano, the Central Minnesota Municipal Power Agency and five (5) other cities already participating in the Brookings-Twin Cities Transmission Project, Delano will assign its participation interest (election share) to six (6) cities, including who are already participating in the Project. Section 3: The additional cost to acquire a portion of the City of Delano's election share, when aggregated with the amount of participation already approved by the Commission in the Brookings-Twin Cities Project, does not exceed the total amount authorized in the previous Public Utilities Commission, hereinafter resolution.