My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
12/16/2014 (4)
CBCC
>
Meetings
>
2010's
>
2014
>
12/16/2014 (4)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/4/2018 3:57:56 PM
Creation date
5/26/2016 1:45:57 PM
Metadata
Fields
Template:
Meetings
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Attorney May said the Town has a responsibility to its constituents and wants to be in <br />control of its public utility destination. He pointed out that the contracts the City had entered into <br />in the past have essentially stripped away the authority of the City to set its rates. <br />Mediator Alvarez recapped if FPL was to purchase the City's electric system, the rates <br />would not be set by the Town. He added if there was an authority in terms of a settlement, if the <br />authority was in the limits of customers presently being served by the City, how the Town would <br />feel being a minority, even though the citizens outside of the City would be the majority. <br />Attorney May said to have a full and fair Authority, you must have full and total control <br />over the financial and physical operations of the utility, as well as the composition of the Board <br />which would consist of proportionate representation elected from ratepayers residing outside the <br />City. <br />The City needs some Funding from the Electric Utility Business to Fund its own General <br />Revenue <br />Mediator Alvarez recapped the problem was that the City needs to fund its own general <br />revenue and asked what would happen if the Town and County succeeded in going with a <br />different 'utility provider, and the City was left with these obligations to serve only the City <br />residents <br />City Manager Jim O'Connor replied there was an analysis done and property taxes <br />would be impacted substantially as well as an increase in the electric rates. He did not anticipate <br />any declaratory bankruptcy, because it was just one business unit of the City that had no real <br />impact on the City's operation; however, the City may raise taxes or lower the services provided. <br />Commissioner O'Bryan stated the Town does not have electric, water, and wastewater <br />utilities to transfer to their general fund, so they provide a level of services to their residents <br />based upon the taxes they collect. <br />The Mediator called for a recess at 11:20 a.m. and reconvened the meeting at 11:40 a.m., <br />with all parties present <br />Mediator Alvarez wanted to discuss potential solutions and asked the parties for potential <br />solutions and interests and referred to the Town. He asked if Attorney May wanted to share his <br />thoughts on a potential solution. <br />Attorney May referred back to the rates, and going forward he felt there was an <br />impression that a regulator in Tallahassee, or a judge, would be making the decision as to <br />whether the City rates were reasonable or prudent. The Town believed what was reasonable and <br />prudent was a decision from a juror residing in Indian River County (IRC) who had paid what <br />the Town believes to be excessive and high rates, and moving forward it would be the juror in <br />Town of Indian River Shores - City of Vero Beach - Indian River County <br />Electric Utilities Mediation <br />December 17, 2014 <br />Page 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.