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9.A.5 FLORIDA POWER & LIGHT FRANCHISE AGREEMENT <br />(ADMINISTRATIVE) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Budget Director Jason Brown presented this item by recapping his memorandum of <br />May 29, 2007 through a PowerPoint presentation. He asked the Board to adopt the ordinance <br />creating Part II of Chapter 312 of the Code of Indian River County Grant of Electric Franchise to <br />Florida Power & Light Company; to take public comments; to close the public hearing and adopt <br />the proposed ordinance. <br />Nick Blount, FP&L representative, spoke of the Company's long relationship with <br />the County. He gave a brief overview of FP&L's services and current practices, and urged the <br />Board to adopt the ordinance. <br />In response to Chairman Wheeler's question, Director Brown said the Agreement <br />was similar and was at the 6% rate that the City of Vero Beach pays. <br />The Chairman opened the Public Hearing. <br />Bob Johnson, Coral Wind Subdivision, read in a Newspaper article that FP&L was <br />searching for locations to build additional power generating Plants in the State of Florida. He <br />wanted the County to approach FPL to see if our location was identified, and if Calpine could be a <br />good economic venture for them. He suggested the County add language to the Agreement that <br />there were favorable lands for negotiation for FP&L's use of that property. He also understood <br />that rates would be increased .67% with this agreement. <br />26 <br />June 5, 2007 <br />