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Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Michelle Canterbury, Executive Administrative <br /> John Dietz—Chair Assistant <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> October 11, 2016 2.4 <br /> SUBJECT: <br /> Resolution Awarding the Issuance and Sale of$9,755,000 Electric Revenue Bonds, Series 2016A <br /> BACKGROUND: <br /> At the June 14th meeting, the Commission approved the award and sale of Electric Revenue <br /> Bonds, Series 2016A, to the low bidder. At that time a template resolution was provided for <br /> review. <br /> DISCUSSION: <br /> On September 13, 2016, we received the completed transcript for the above-referenced bond <br /> from Springsted Incorporated. In addition,we received the updated resolution. As the <br /> Commission has already approved the award of the Electric Revenue Bonds, Series 2016A to the <br /> low bidder, the resolution just needs to be received. <br /> ACTION REQUESTED: <br /> Staff recommends that the Elk River Municipal Utilities Commission receive Resolution No. <br /> 16-8 awarding the issuance and sale of $9,755,000 Electric Revenue Bonds, Series 2016A. <br /> ATTACHMENT: <br /> • Resolution-Awarding the Issuance and Sale of$9,755,000 Electric Revenue Bonds, <br /> Series 2016A <br /> 1P-01VERED er <br /> El I <br /> Page 1 of 1 NATURE <br /> Reliable Relic <br /> Power Provider POWERED T o S ERV E <br /> 54 <br />