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RESOLUTION NO. 2012- 074 <br />WHEREAS, as the elected representative of all 33,000 customers of the City's electric <br />utility, and all 138,000 residents of the County, and consistent with all prior positions of the <br />Board relating to the issue, the Board of County Commissioners continues to believe that the sale <br />of the City's electric utility to FPL is in the best interests of the residents and businesses of <br />Indian River County, and is in furtherance of the Board's policy of limiting the size, scope and <br />spending profile of government, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: <br />1. Position of the Board. The Board of County Commissioners hereby incorporates <br />the statements set forth in each of the "Whereas ' clauses above as the findings of the Board, and <br />further adopts and publishes the following position with respect to the sale of the City of Vero <br />Beach electric utility to FPL• <br />a. The Board finds that the City Council and City staff have worked <br />and continue to work diligently and prudently in pursuing the sale of the electric <br />utility, and, on behalf of all residents of Indian River County, the Board expresses <br />its appreciation and gratitude to the City Council and City staff for their efforts, <br />b. The Board further finds that the sale of the City's electric utility to <br />FPL will benefit all residents and businesses of Indian River County, and will <br />positively impact economic activity recovery and development in Indian River <br />County, all as set forth more fully in the findings above, and <br />c. Accordingly, the Board supports the sale of the City's electric <br />utility to FPL in accordance with the general terms set forth in the Final Term <br />Sheet and the Memorandum of Understanding, and continues to offer its support <br />and assistance to the City and FPL with respect to completion of their <br />negotiations for a definitive sale agreement. <br />The foregoing resolution was moved for adoption by Commissioner Davis , and <br />motion was seconded by Commissioner solari and, upon being put to a vote, the vote <br />was, as follows: <br />Chairman Gary C. Wheeler Aye <br />Vice Chairman Peter D. O'Bryan Aye <br />Commissioner Wesley S Davis Aye <br />Commissioner Joseph E. Flescher Aye <br />Commissioner Bob Solari Aye <br />Page 2 of 3 <br />