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9. Expansion of ERMU's electric service territory would be at no cost to <br /> the City or the City's taxpayers. <br /> WHEREAS, in light of these benefits the Board, on June 12, 2012, began the process of <br /> developing an offer or offers to acquire all or portions of the electric service <br /> territory within the corporate limits of the City of Elk River which it does not <br /> currently serve; and <br /> WHEREAS, the Board believes it would be beneficial, as the process of developing and <br /> presenting an offer or offers to Connexus Energy proceeds, to have the <br /> support of the Elk River City Council for expansion of ERMU's service <br /> territory; and <br /> WHEREAS, the City Council has considered the Board's request and the benefits the <br /> Board identifies for extending ER1'\1U's service territory within the City so <br /> that residents of the City can have uniform municipal services; and <br /> WHEREAS, the City Council agrees with the Board that extending ERMU's service <br /> territory would have substantial benefits to the citizens and taxpayers of the <br /> City,including the benefits which the Board has identified. <br /> NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Elk River <br /> adopts this resolution supporting the extension of ERMU's service territory <br /> within the City of Elk River. <br /> • <br /> Passed and Adopted this 6 rh day of August, 2012. <br /> Ilk ILA <br /> Jo it J. Di,tz, May.7 <br /> A T: <br /> Tina Allard, City Clerk <br /> GP:3206661 v2 <br /> i <br />