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ERMU RES 13-05 RESOLUTION No. 13-5 BOARD OF COMMISSIONERS ELK RIVER MUNICIPAL UTILITIES A RESOLUTION REQUESTING MEMBERSHIP IN THE MINNESOTA MUNIICPAL POWER AGENCY, ACCEPTING THE PROVISIONS OF THE AGENCY AGREEMENT AND BY-LAWS OF THE MINNESOTA MUNICIPAL POWER AGENCY, APPOINTING A REPRESENTATIVE TO THE AGENCY AND REQUESTING THE CONCURRENCE OF THE CITY COUNCIL NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of Elk River Municipal Utilities: Section 1. It is hereby found, determined and declared that: A. The Minnesota Municipal Power Agency (the "Agency") was created and declared effective by the Minnesota Secretary of State on May 19, 1992, as authorized and provided in Minnesota Statutes, Chapter 453 (the "Agency Statute") B. The following Minnesota cities are the present members (the "Members") of the Agency: Anoka, Arlington, Brownton, Buffalo, Chaska, East Grand Forks, Le Sueur, North St. Paul, Olivia, Shakopee, and Winthrop, and they each purchase wholesale power, transmission and other utility services from the Agency. C. Elk River Municipal Utilities ("ERMU") is authorized by Minnesota Statutes, sections 412.321 through 421.391 to engage in the local distribution and sale of electric power and energy. Pursuant to Minnesota Statutes, section 412.361, the Elk River Municipal Utilities Commission is authorized and empowered by law to regulate rates and charges for the distribution of electric energy within Elk River Municipal Utilities' territory and to make arrangements for power and energy supply. D. The Elk River Municipal Utilities Commission (the "Commission") has determined that it will need a new source of power supply within the proximate future, did conduct an investigation and survey of available, alternative power suppliers, and with the aid of outside experts determined to further examine and to enter into negotiations with the Agency. E. The Commission has concluded a course of due diligence examinations upon the history, plans, financial position, generating and purchase power resources, material agreements and other relevant matters and has concluded that the Agency is likely to provide a reliable and reasonably priced supply of power and energy to meet the needs of ERMU. Therefore, the Commission has selected the Agency to provide its long term power supply needs commencing in 2018 and to apply now for membership in the Agency. F. The Commission finds further assurance and support for its selection in that governance of the Agency is in the hands of other Minnesota municipal electric utilities and that ERMU, by the Commission, will have the right and authority to actively participate in the management and direction of the Agency. G. The Agency has provided to the Commission a copy of the Agency Agreement by and among the Members of the Agency and of the Agency Bylaws (each attached hereto). The Commission has examined the Agency Agreement and the Bylaws to the extent deemed necessary and appropriate by the Commission. For all purposes of this Resolution, the Agency Agreement includes the Agency Agreement filed with the Minnesota Secretary of State on May 19, 1992 and the amendments thereto as approved by Agency Representatives' Resolutions numbered 1993-1 (adopted March 3, 1993) and 2004-1 (adopted January 27, 2004). For all purposes of this Resolution the Agency Bylaws include the Bylaws of the Agency as originally adopted and as since amended by the Agency Directors and Representatives through the date of the adoption of this Resolution. H. Pursuant to the Agency Statute, the concurrence of the City Council of the City of Elk River is required as a precondition to the effectiveness of the Commission's adoption of the Agency Agreement as provided in this Resolution. I. The Agency Statute and the Agency Agreement provide that cities which are members of municipal power agencies are not liable for the obligations of the municipal power agency. Section 2. The participation of the City of Elk River by and through ERMU as a member in the Agency is hereby approved and authorized. Section 3. The Commission agrees to the provisions of the Agency Agreement and the Bylaws of the Agency and the Chairman or any other officer of the Commission is hereby authorized and directed to execute the Agency Agreement for and on behalf of and as the deed of Elk River Municipal Utilities, and the General Manager or any officer of the Commission is hereby authorized and directed to certify the adoption of this Resolution. Section 4. In accordance with the Agency Act and the Agency Agreement, the following persons are hereby appointed as the initial representative and initial alternate representative of Elk River Municipal Utilities as a member of the Agency: Representative: Troy Adams, P.E., General Manager 13069 Orono Parkway P. O. Box 430 Elk River, MN 55330-0430 Alternate Representative: Allen Nadeau, Vice Chair 13069 Orono Parkway P. O. Box 430 Elk River, MN 55330-0430 The Representative or, in the absence of the Representative, the Alternative Representative, shall exercise all of the rights, duties and powers of Elk River Municipal Utilities as a member of the Agency for and on behalf of ERMU in accordance with the provisions of the Agency Statute, the Agency Agreement and the Bylaws of the Agency until a successor is appointed by the Commission. Section 5. The Chairman of the Commission or any other officer of the Commission is authorized and directed to affix to the Agency Agreement a certified copy of this resolution for submission to the Secretary of State of Minnesota in accordance with the Agency Statute. Section 6. The Chairman of the Commission or any other officer of the Commission is authorized and directed to deliver this Resolution to the City Council of the City of Elk River and to request the concurrence of the City Council in this Resolution. This Resolution is adopted by the Elk River Municipal Utilities Commission on May 14, 2013. `'ueal�la I • n J. !i ietz, Chail Troy.E., General Manager