Laserfiche WebLink
Elk River Municipal Utilities Commission Meeting Minutes <br />November 12, 2025 <br />Page 7 <br /> <br />He also noted that residential repairs associated with the project stayed within budget, <br />with only one commercial instance requiring commission approval for project-related <br />repair costs. <br /> <br />Ms. Youngs provided an update on the remaining electric meters awaiting replacement <br />due to meter shortages, noting that it will take approximately six months to complete <br />replacements once the meters are received. <br /> <br />5.11 Verizon Water Tower Lease Agreements <br /> <br />Mr. Hanson informed the Commission of an offer from Verizon to either buy out the <br />current lease agreements for a lump-sum payment or renegotiate the lease terms to <br />reduce both the annual rent and the annual escalator. The lump-sum offer is contingent <br />on granting a perpetual easement on the property. <br /> <br />Staff presented Verizon’s offers, as outlined in the memo, to maintain transparency with <br />the Commission and customers, but recommended against accepting them. <br /> <br />The Commission agreed to follow staff’s recommendation. <br /> <br />6.0 BUSINESS DISCUSSION <br /> <br />6.1 Staff Updates <br /> <br /> There were no additional updates. <br /> <br />6.2 City Council Update <br /> <br /> Chair Dietz presented a City Council update. <br /> <br />6.3 Future Planning <br /> <br /> Chair Dietz announced the following: <br />a. Regular Commission Meeting – December 9, 2025 <br />b. 2025 Governance Agenda <br /> <br />6.4 Other Business <br /> <br />There was no other business. <br /> <br /> <br /> <br /> <br /> <br />35