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ERMU RES 13-07 ?)20:101146n -� EXTRACT OF MINUTES OF MEETING OF THE ELK RIVER UTILITIES COMMISSION HELD: June 11, 2013 Pursuant to due call and notice thereof, a regular meeting of the Elk River Utilities Commission, was duly held at the IA-(0�'-Figs Coi4C.12cv i in said City on the 11th day of June, 2011, at 3.-35 p_.M. The following commissioners were present: - and the following were absent: Commissioner V r.` 11.4 oc,,9 sv n introduced the following resolution and moved its adoption: RESOLUTION CONCURRING IN THE ACTION OF THE CITY COUNCIL OF THE CITY OF ELK RIVER IN PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING ELECTRIC REVENUE BONDS, SERIES 2004A WHEREAS, on June 17, 2013, the City Council of the City of Elk River (the "City") will consider a resolution (the "Resolution") providing for the redemption of the City's Electric Revenue Bonds, Series 2004A, dated August 1, 2004 (the "Bonds") maturing on February 1 in the years 2014 and 2015, in the aggregate principal amount of$225,000 (the "Callable Bonds") on August 1, 2013, or such later date for which proper notice of call may be given, and such bonds are hereby called for redemption on such date NOW, THEREFORE, BE IT RESOLVED by the Elk River Utilities Commission, as follows: 1. The Commission hereby authorizes and requests the City Council to call for redemption on August 1, 2013, or such later date, the City's Electric Revenue Bonds, Series 2004A, dated August 1, 2004 maturing on February 1 in the years 2014 and 2015, in the aggregate principal amount of$225,000. 2. This resolution shall have no force and effect if the City Council does not adopt the Resolution on June 17, 2013. The motion for the adoption of the foregoing resolution was seconded by member 3©tivn and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. 424982v1 JSB EL185-18 STATE OF MINNESOTA ) COUNTY OF SHERBURNE) SS CITY OF ELK RIVER ) I, the undersigned, being the duly qualified and acting Secretary of the Elk River Utilities Commission, DO HEREBY CERTIFY that I have carefully compared the attached and foregoing extract of minutes of a meeting of the Municipal Utilities Commission of said City, held on the date therein indicated, with the original thereof on file and of record in my office and that the same is a full, true and complete transcript insofar as the same relates to the redemption of Electric Revenue Bonds, Series 2004A. WITNESS my hand as Secretary this 1) `day of i u vve , 2013. � 1 Secretary of the Elk River Utilities Commission 424982v1 JSB ELI85-18