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ERMU RES 11-02 RESOLUTION 11-02 A RESOLUTION OF THE ELK RIVER MUNICIPAL UTILITIES A RESOLUTION AUTHORIZING A TRANSMISSION OWNER SERVICES AND ASSET ASSIGNMENT AGREEMENT WITH CENTRAL MINNESOTA MUNICIPAL POWER AGENCY BE IT RESOLVED by the Elk River Municipal Utilities Commission, hereinafter "Commission", as the governing body of the Elk River Municipal Utilities, a Minnesota municipal utility, of the City of Elk River, Minnesota(hereinafter referred to as "City"), as follows: Section 1. It was previously determined that it was in the best interest of the Commission to utilize the resources and services of the Central Minnesota Municipal Power Agency "CMMPA" to participate in the development and investment in the acquisition, construction, ownership and operation of high voltage electrical transmission including negotiation of contracts, planning, transmission needs studies,transmission arrangements, engineering and technical assistance. Section 2: The Commission now wishes to properly update and supplement its relationship with CMMPA and also authorize the administration by CMMPA of the Commission's participation in and receipt of revenues from such transmission projects as are approved by the Commission and the City and the City's own qualifying transmission facilities which it designates for administration by CMMPA, if any. Section 3: The Commission does hereby approve the Transmission Owner Services and Asset Assignment Agreement with the Central Minnesota Municipal Power Agency dated the 20th day of April, 2011. Section 4: The President(Chairman) and the Secretary are hereby authorized and directed to execute the Transmission Owner Services and Asset Assignment Agreement(specifically including execution of the attached Exhibit B) for and on behalf of the Commission, the same to be exclusively evidenced by such execution. Adopted this 10th day of May, 2011. Jo J. Die , Chair Attest: Troy Adams, Secretary/Director of Operations CERTIFICATE I, Troy Adams, the Secretary of the Elk River Municipal Utilities Commission, do hereby certify that attached hereto is a true and correct copy of a resolution(other than the exhibits thereto)duly adopted by the Commission at a meeting duly held on the 10th day of May, 2011 notice of such meeting having been given in accordance with law and at which meeting a quorum was present and acting throughout. I also do hereby certify that such resolution has not been amended in any way from the date of such adoption to the date hereof. IN WITNESS WHEREOF I have hereunto set my hand this 10`h day of May, 2011. Troy Adams, Secretary/Director of Operations