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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 variousissues 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 />