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403:28 P.m. forward due to the lack of good financial information and structure. Commissioner Flescher hoped that the Board would receive a "passionate delivery" at tomorrow's meeting, but based on the e-mails and information from Attorney Reingold, felt there were too many unknown variables. 3:30 Vice Chairman Davis understood the mediation process, and he felt this to be a p.m. "strategy," and was concerned about what the City would lay out before the Board tomorrow. 3:34 Attorney Reingold pointed out that tomorrow's meeting would be an opportunity p.m. for the Commissioners, the City, and the Town to have a dialogue and voice their concerns. He encouraged the Board to reiterate that the City and Town should take some time to consider the issues, and allow the governmental process to continue with mediation. Discussion ensued regarding the lack of details with the transmission line upgrades and how the City could go forward without the details. 3:39 Chairman O'Bryan reaffirmed the Board's support, for tomorrow's meeting, p.m. that: (1) the number one priority was the full and complete sale of the City's Electric Utility to FPL and that it was the best solution for all of the residents of Indian River County; (2) in the event a sale cannot be completed, the City would be asked for: (a) rates substantially similar to those of FPL; (b) a cessation of the • subsidy of the Vero Beach General Fund by the City's Electric Utility; and (c) the formation of an electric utility that fairly and proportionately represents the geographic makeup of the electric utility customer base. Chairman O'Bryan opened the floor to public comments. 3:43 Scott Stradley, 1797 14th Avenue, Chairman of the City's Utilities Commission, p.m. and Advisor to the City Council, provided background and voiced his opposition to the contract proposal to OUC. He spoke about long term decisions and short term benefits of the past; transmission.•line upgrades; reduction in capacity and the proposed range of savings; paying -for power that would not be used; OUC and FMPA Bonds; and the exit penalty contained in the contract. 4:06 p.m. 4:10 •P.m. Discussion ensued regarding a "take or pays provision in the contract; the value/cost of megawatt hours; the capacity/charge; and the City not having numbers in mind prior to negotiations with FMPA. Harry Howie, 765 Broadway Street, Vero Beach, did not think the proposal should 93e, considered. He believed the OUC deal would further entangle the County and make things more complicated. Charlie Wilson, 2134 18th Avenue, Vero Beach, informed the Board that Attorney Wright had been approved by FMPA, as well as representing the City, and that all negotiations were held in private. He asked the Board to consider at Special Call Meeting October 27, 2014 Page 3