2.2 ERMUSR 11-09-2021 - Laserfiche WebLink

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Chair Dietz requested a summary of item 2.3. Ms. Slominski provided background on the partnership with Central Minnesota Municipal Power Agency (CMMPA) that provides them the bonding credit to purchase transmission infrastructure while providing ERMU a portion of the revenue. The certificate is a requirement for CMMPA as they are in the process of refinancing the bond and ERMU is a “major participant,” with a 15% share of CMMPA’ 5%. Commissioner Stewart noted a misspelling of City Administrator Portner’s name on page 38. Commissioner Bell had a question regarding the $1,500 payment to Holiday Stationstores in the check register. Mr. Ninow and Attorney Beck explained that it was related toan easement for the Highway 169 Redefine Project. Moved by Commissioner Bell and seconded by Commissioner Nadeau to approve the Consent Agenda as follows: 2.1 Check Register – September 2021 2.2 Regular Meeting Minutes – September 14, 2021 2.3 Central Minnesota Municipal Power Agency Brookings-Twin Cities Refinance of 2012A Revenue Bonds, Series 2021 – Certificate of Utility System Officer and Other City Official Motion carried 5-0. 3.0 OPEN FORUM No one appearedfor open forum. 5.3 Field Services Facility Expansion Project Update Staff passed out a Field Services Facility Expansion Project financial update from RJM Construction.Mr. Kerzman provided the Commission an opportunity to ask questions about the update. Chair Dietz asked if the items contained in the Changes Being Priced line were to come to fruition, would they be paid for with contingency funds? Mr. Rice responded that a portion of it would, and another portion would come from subcontractor allowances. There was discussion. Chair Dietz asked Mr. Rice his opinion as to whether a Remaining Contingency Amount of $153,380.06 would be sufficient for the remainder of the work to be done. Mr. Rice stated that with the building’s straight forward design and with most of the footprint being an open storage bay, he and his staff felt that there was minimal future risk for major, unexpected expenses. There was further discussion. Elk River Municipal Utilities Commission Meeting Minutes October 12, 2021 Page 2 34