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RESOLUTION I I -0 I <br />• <br />A RESOLUTION OF THE ELK RIVER MUNICIPAL UTILITIES <br />A RESOLUTION AUTHORIZING PARTICIPATION IN THE BROOKINGS-TWIN <br />CITIES TRANSMISSION PROJECT AND THE FINANCING WITH CMMPA <br />BE IT RESOLVED by the Elk River Municipal Utilities Commission, hereinafter <br />"Commission", as the governing body of the Elk River Municipal Utilities, a Minnesota municipal <br />utility, of the City of Elk River, Minnesota as follows: <br />Section 1. It was previously determined that it was in the best interest of the Commission <br />to utilize the resources and services of the Central Minnesota Municipal Power Agency "CMMPA" <br />to participate in the development and investment in the acquisition, construction, ownership and <br />operation of high voltage electrical transmission including negotiation of contracts, planning, <br />transmission needs studies, transmission arrangements, engineering and technical assistance. <br />Section 2: The Commission now wishes to properly update and supplement its relationship <br />with CMMPA and also authorize the Commission's participation in the following project: <br />Brookings -Twin Cities Transmission Project <br />Section 3: The Commission does hereby approve Participation in the Brookings-Twin Cities <br />• Transmission Project and the financing thereof, if any, with the Central Minnesota Municipal Power <br />Agency with its participation amount not to exceed $7,140,953, without the further action of the <br />Commission. <br />Section 4: The CMMPA Brookings-Twin Cities Transmission Project Agreement is hereby <br />approved. The President (Chairman) and the Secretary are hereby authorized and directed to <br />execute the Brookings-Twin Cities Transmission Project Agreement for and on behalf of the <br />Commission, such execution to be final and conclusive evidence of the Commissions' authorization <br />thereof. <br />Adopted this 14~' day of March, 2011. <br />__ <br />iA <br />~.. <br />John ). Dietz, Chair <br />ATTEST: ~ ~ '° <br />.v ~~ <br />Tina Allard, City Clerk <br /> <br />