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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 2.5 <br /> SUBJECT: <br /> Resolution Awarding the Sale of$1,370,000 Electric Revenue Refunding Bonds, Series 2016B <br /> BACKGROUND: <br /> At the June 14th meeting, the Commission approved the award and sale of the Electric Revenue <br /> Refunding Bonds, Series 2016B,to the low bidder. At that time a template resolution was <br /> provided for 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 and sale of the Electric Revenue Bonds, Series <br /> 2016B to the 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 /> 16-7 awarding the issuance and sale of$1,370,000 Electric Revenue Refunding Bonds, Series <br /> 2016B. <br /> ATTACHMENT: <br /> • Resolution Awarding the Sale of$1,370,000 Electric Revenue Refunding Bonds, Series <br /> 2016B <br /> POWERED ® 1` <br /> Page 1 of 1 NATURE <br /> Reliable Public <br /> Power Provider PowERED To SEaVE <br /> 85 <br />