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RESOLUTION 07- <br />A RESOLUTION OF <br />THE CITY OF ELK RIVER MUNICIPAL UTILITIES COMMISSION <br />A RESOLUTION APPROVING THE CENTRAL MINNESOTA MUNICIPAL <br />POWER AGENCY BROOKINGS-TWIN CITIES <br />PROJECT DEVELOPMENT AGREEMENT <br />WHEREAS, the City of Elk River Municipal Utilities Cotnxnission (ERMU) has <br />determined that it is in the best interest of the LRMU and its rate payers to utilize <br />Che resources and services of the Central Minnesota Municipal Power Agency <br />(CMMPA) to participate u1 the development and tnvesttnent in the acquisition, <br />construction, ownetslup, and operation of high voltage transmission of electrical <br />energy and capacity, negotiation of contracts, Planning, including transmission <br />needs studies, transmission arrangements, engineering, and technical assistance; <br />and <br />WHEREAS, the ERMU now wishes to foctnalize its relationship with CMMPA and <br />authorise the ERMLI's participation in the Brookings-"hwin Cities High Voltage <br />1~'ranstnission Line Project (Project). <br />NOW, THEREFORE, BE IT RESOLVED: <br />1) That ERMU does hereby approve dte participation in the Project and the <br />financing thereof. <br />2) The CMMPA Brookings-Twat Cities Project Development Agreement is <br />therefore approved generally in the form presented at this meeting. <br />3) The LRMU Chair and General Manager are hereby authorized and directed ro <br />finaltze the Project Development Agreement and to execute such Project <br />Development Agreement for and on behalf of the ERMU. <br />Passed and adopted by the Elk River Municipal Utilities Commission this 20°' day of <br />February 2007. <br />ATTEST: <br />S \Rcsaluuons\2007 Resolutions\Unapprnved\CMMPA ~ ERMU Rrsoluuon doe <br />