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