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Indian River County <br /> Mediation Statement <br /> Page 3 of 3 <br /> b. Cessation of the subsidy of the City of Vero Beach general fund by the City of Vero <br /> Beach electric utility. In fiscal year 2013, the City transferred roughly $5.4 million from <br /> the electric utility to the City's general fund. As a comparison,the property tax revenues in <br /> fiscal year 2013 were approximately $4.1 million; and <br /> c. An electric utility that is controlled by a governing board that fairly and proportionally <br /> represents the geographic makeup of the City electric utility customer base. Such a board <br /> must have full and complete authority including the right to set rates, operational control, <br /> assets,budgets, subsidy flows, and sale of the electric utility. <br /> Settlement Offers <br /> I am unaware of any settlement offers proffered by any of the parties. Although the parties <br /> have had a dialogue of the various issues at the two conflict assessment meetings and the joint <br /> public meeting, no formal settlement offer has been made in this matter. <br /> County Representatives <br /> The County will be represented by the following individuals at the mediation. <br /> • Peter O'Bryan, County Commissioner <br /> • Floyd Self <br /> • Dylan Reingold, County Attorney <br /> • Joseph Baird, County Administrator <br /> Please let me know if there is any additional information you need from me. I look forward <br /> to seeing you on December 17th <br /> Sincerely, <br /> Dylan Reingold <br /> County Attorney <br /> Indian River County <br /> cc: Joseph A. Baird, County Administrator, Indian River County <br /> D. Bruce May Jr., Esq. <br /> Wayne R. Coment, Esq. <br /> Robert Scheffel "Schef' Wright, Esq, <br /> Floyd R. Self, Esq. <br /> Chester Clem, Esq. <br /> 15 <br />