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DRAFT <br />Whereas, at its special meeting on January 29, 2015, the City voted to encourage FMPA to <br />hire a consultant to protect against these abuses occurring in the future; and <br />Whereas, the Town applauds the City for trying to ensure that FMPA does not repeat mistakes <br />in the future, but also believes that the City should hold FMPA accountable for its mistakes that <br />have already occurred, and which have caused economic harm to the City's electric utility <br />customers; and <br />Whereas, the Town believes that FMPA's intransigence and mismanagement are primary <br />causes of the electric rate problems that confront all of our residents, and the City will never be <br />able to solve those problems without holding FMPA accountable; <br />NOW, THEREFORE, BE IT RESOLVED by the Town Council Of Indian River Shores <br />that: <br />Section 1. The Town adopts as true and correct the recitals stated above and incorporates <br />same by reference as part of this Resolution. <br />Section 2. The Town encourages the City to meet as soon as possible with the FMPA as <br />part of the City's obligations under the Interim Mediation Agreement to try to resolve the lawsuit <br />by working with FMPA "to effectuate the sale of the City's electric utility system to FPL." As <br />part of that meeting the Town encourages the City to. <br />a. Discuss with FMPA the findings in the Audit Report including, but not limited to, <br />FMPA's hedging and swap losses; and <br />b. Discuss with FMPA the need for the City to promptly recover the damages that its <br />electric customers have suffered; and, <br />c. Request that FMPA end its opposition to the sale of the City's electric utility system to <br />FPL, and take whatever action is necessary to allow that sale to move forward. <br />Section 3. The Town Manager shall hand deliver on this day a certified copy of the <br />Resolution to the City Manager along with a letter respectfully requesting that the City consider <br />the Resolution at its meeting on February 3, 2015. <br />Section 4. This Resolution shall take effect immediately upon its adoption. <br />PASSED AND ADOPTED at a Special Meeting of the Town Council this 2°d day of February, <br />2015. <br />ATTEST: <br />Laura Aldrich, Town Clerk <br />Brian M. Barefoot, Mayor <br />Page 2 of 2 <br />301 <br />