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ERMUSR Resolution 03-20-200RESOLUTION 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 Cotnxnission (ERMU) has determined that it is in the best interest of the LRMU and its rate payers to utilize Che resources and services of the Central Minnesota Municipal Power Agency (CMMPA) to participate u1 the development and tnvesttnent in the acquisition, construction, ownetslup, 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 foctnalize its relationship with CMMPA and authorise the ERMLI's participation in the Brookings-"hwin Cities High Voltage 1~'ranstnission Line Project (Project). NOW, THEREFORE, BE IT RESOLVED: 1) That ERMU does hereby approve dte participation in the Project and the financing thereof. 2) The CMMPA Brookings-Twat Cities Project Development Agreement is therefore approved generally in the form presented at this meeting. 3) The LRMU Chair and General Manager are hereby authorized and directed ro finaltze 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 \Rcsaluuons\2007 Resolutions\Unapprnved\CMMPA ~ ERMU Rrsoluuon doe