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RESOLUTION NO. 16-9 <br /> BOARD OF COMMISSIONERS <br /> ELK RIVER MUNICIPAL UTILITIES <br /> A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ELK RIVER <br /> MUNICIPAL UTILITIES AUTHORIZING SALE OF MONITORING <br /> ACCOUNTS <br /> WHEREAS, WH Securities, LLC has made an offer to purchase certain security and <br /> medical monitoring accounts from the Elk River Municipal Utilities ("ERMU"); <br /> WHEREAS, A draft Asset Purchase Agreement and draft Bill of Sale Assignment & <br /> Assumption Agreement (collectively"The Agreements") have been prepared; and <br /> WHEREAS, The Elk River Utility Commission has reviewed the draft Agreements. <br /> NOW, THEREFORE, BE IT RESOLVED: <br /> The Agreements are approved and the Vice Chair and General Manager are authorized to <br /> execute the Agreements subject to the finalization of the Agreements to the satisfaction <br /> of the Vice Chair, General Manager, and Commission Attorney. <br /> This Resolution Passed and Adopted this a day of 4� s'� , 2016. <br /> i , it <br /> Al Nadeau, Vi e Chair <br /> Tro))Adams, P.E., General Manager <br />