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ERMU RES 07-03 RESOLUTION 07- A RESOLUTION OF THE CITY OF ELK RIVER MUNICIPAL UTILITIES COMMISSION A RESOLUTION APPROVING THE CENTRAL MINNESOTA MUNICIPAL POWER AGENCY BROOKINGS-TWIN CITIES PROJECT DEVELOPMENT AGREEMENT WHEREAS, the City of Elk River Municipal Utilities Commission (ERMU)has determined that it is in the best interest of the ERMU and its rate payers to utilize the resources and services of the Central Minnesota Municipal Power Agency (CMMI'A) 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; and WHEREAS, the ERMU now wishes to formalize its relationship with CMMPA and authorize the ERMU's participation in the Brookings-Twin Cities High Voltage Transmission Line Project (Project). NOW, THEREFORE, BE IT RESOLVED: 1)• That ERMU does hereby approve the participation in the Project and the fananetng thereof. 2) The CMMPA Brookings-Twit Cities Project Development Agreement is therefore approved generally in the form presented at this meeting. 3) The ERMU Chair and General Manager are hereby authorized and directed to finalize the Project Development Agreement and to execute such Project Development Agreement for and on behalf of the ERMU. Passed and adopted by the Elk River Municipal Utilities Commission this 20°'day of February 2007. ATTEST; • S\R,,nluuo,,\2007 Resoluuoni\Unapproved\CMMPA•ERMU Resolution dot