2. ERMUSR AGENDA 06-12-2012 - Laserfiche WebLink

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Pink CENTRAL MINNESOTA MUNICIPAL POWER AGENCY 459 South Grove Street Blue Earth,Minnesota 56013 507-526-2193 May 21, 2012 Troy Adams ELK RIVER MUNICIPAL UTILITIES P.O. Box 430 13069 Orono Parkway Elk River, MN 55330-0430 Re: Disclosure Acknowledgement Letter Dear Mr. Adams: As discussed, Central Minnesota Municipal Power Agency ("CMMPA"), is issuing $34,535,000.00 of Brookings — Southeast Twin Cities Transmission Project Revenue Bonds, Series 2012 (the "Bonds") to finance the construction of CMMPA's 3.6 Percentage Interest in the CapX Brookings — Southeast Twin Cities Transmission Project. In order to meet its obligations and to enable CMMPA to satisfy the mandatory disclosure requirements of Rule 15c2-12 of the federal Securities and Exchange Commission ("SEC") (the "Rule") CMMPA requests your utility's cooperation. CMMPA is required by the Rule to enter into a"Continuing Disclosure Agreement"with CMMPA's trustee ("Trustee"), which will obligate CMMPA to provide the same type of financial information about your utility which was included in the Official Statement (the "Official Statement") for the Bonds, to an SEC-approved repository, until the Bonds have been paid off. According to the language of the Rule, your municipality becomes an "obligated person" subject to the continuing disclosure requirements by virtue of the use of this information in CMMPA's Official Statement. The information requested includes your utility's audited financial statements and updated information contained in Appendix A of the Official Statement. CMMPA currently has the right to request such information under Section 703 of the Brookings — Twin Cities Transmission Project Agreement dated February 14, 2011 (the "Transmission Project Agreement"). CMMPA will be requesting updates of this information and audited financial statements each year hereafter. It is the understanding of CMMPA that your municipality's current fiscal year is January 1 to December 31. If it is incorrect, please notify CMMPA immediately. Promptly notify CMMPA of any change in this fiscal year, together with details about how the change will be implemented for financial reporting purposes.