RES 11-11RESOLUTION I I - I I
A RESOLUTION OF THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING PARTICIPATION IN THE BROOKINGS-
TWIN CITIES TRANSMISSION PROJECT AND THE FINANCING WITH
CMMPA
BE IT RESOLVED by the City Council of the City= of Elk River, Minnesota (hereinafter
referred to as "City"), as follows:
Section 1. Through the City's prior approval and execution of the Brookings-Twin
Cities Development Project Agreement between the Central Minnesota Municipal Power
Agency ("CMMPA") and the City (the "Development Project Agreement"), it was
previously determined that it is in the best interests of the City to utilize the resources and
services of CMMPA to participate in the development and investment in the acquisition,
construction, ownership and operation of high voltage transmission of electrical energy and
capacity, negotiation of contracts, planning, including transmission needs studies,
transmission arrangements, engineering and technical assistance.
Section 2: As contemplated by the terms of the Development Project Agreement,
the City now wishes to properly update and supplement its relationship with CMMPA and
also authorize the City's participation in the following project:
• Brookings -Twin Cities Transmission Project.
Section 3: The City has received and reviewed a signature ready draft of the
Brookings-Twin Cities Transmission Project Agreement dated February 14, 2011 and finds
such draft to be acceptable.
Section 4: The City Council hereby authorizes participation in the Brookings-Twin
Cities Transmission Project and the financing thereof, if any, with CMMPA, with its
participation amount related to construction of the Brookings -Twin Cities Transmission
Project not to exceed $7,140,953, without the further action of the City.
Section 5: The Mayor and City Clerk are hereby authorized and directed to execute
the Brookings -Twin Cities Transmission Project Agreement for and on behalf of the City,
such execution to be final and conclusive evidence of the City's authorization thereof.
Passed and adopted this 14~' day of March, 2011. ~.- `
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John J. Dietz, Mayor <.
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• Tina Allard, City Clerk