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Elk River <br />Municipal U <br />13069 Orono Parkway <br />Elk River, MN 55330 <br />February 8, 2005 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />Jim Tralle <br />John Dietz <br />From: Bryan Adams <br />Subject: Service Territory Acquisition <br />phone: 763.441.2020 <br />Fax: 763.441.8099 <br />The 2006 electric budget includes a $290,000 item for service territory acquisition. <br />Attached is our service territory map reflecting our desire to purchase area 17 with <br />approximately 80 customers. The cost is comprised of approximately $250,000 for the <br />customer base and $40,000 for the $0.035/KWH growth from previous acquisition. <br />Staff recommends authorization be give to proceed with area 17 acquisition. <br />Initially we thought the service territory agreement ended in 2008. After careful review <br />of our contract documents, this agreement actually expires on 2-28-2011. I apologize for <br />the confusion. In the late 2009 time frame, we should start renegotiating this service <br />territory agreement. <br />ities <br />