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May � 9,0 /5 <br /> Meda+i o <br /> Holland & Knight <br /> 315 South Calhoun Street,Suite 600 I Tallahassee,FL 32301 T 850.224 7000 I F 850.224.8832 <br /> Holland&Knight LLP I www.hklaw.com <br /> D.Bruce May,Jr. <br /> (850)425-5607 <br /> bruce.may@hklaw.com <br /> April 16,2015 <br /> Via E-mail(Schef ,,gbwlegal.com) <br /> Robert Scheffel "Schef" Wright <br /> Gardner Bist Wiener Wadsworth Bowden Bush <br /> Dee LaVia&Wright,P.A. <br /> 1300 Thomaswood Drive <br /> Tallahassee,Florida 32308 <br /> Re: Town of Indian River Shores--Upcoming Mediation <br /> Dear Schef: <br /> I look forward to the upcoming mediation session scheduled for May 1, 2015 between the Town <br /> of Indian River Shores(the"Town"),the City of Vero Beach(the"City), and Indian River <br /> County(the"County"). As you know,pursuant to the Interim Mediation Agreement entered <br /> after our mediation session in December,the parties agreed to explore a variety of options during <br /> the"cooling off"period in an effort to resolve the issues in conflict without further litigation. <br /> In that regard,the parties agreed that the Town could communicate with other utilities, including <br /> Florida Power&Light("FPL"), that could potentially supply electricity to the Town after the <br /> expiration of the Franchise Agreement on November 16,2016. We also agreed that the City <br /> would continue to explore options to achieve the sale of its system to FPL. In connection with <br /> those efforts,we asked FPL to consider all possible alternatives that may advance a resolution in <br /> this matter. Among the alternatives we asked.FPL to consider was whether FPL would be <br /> interested in acquiring the City's electrical assets within the Town in advance of the expiration of <br /> the Franchise Agreement. In our view,this alternative would have the potential to fully <br /> compensate the City for the value of its assets in the Town in addition to providing the City with <br /> funds to stabilize the rates to its remaining customers. It would also address the Town's concerns <br /> regarding rates and would unify the currently fractured provision of service in the Town. We <br /> understand that earlier this week FPL representatives approached the City Manager regarding <br /> FPL's interest in exploring the concept further. <br /> Although we continue to believe that the optimal solution is for the City to sell its entire system <br /> to FPL,we also understand that the Florida Municipal Power Agency("FMPA")will not allow <br /> Anchorage I Atlanta I Austin I Boston I Chicago I Dallas I Denver I Fort Lauderdale I Jacksonville)Lakeland I Los Angeles I Miami <br /> New York I Northern Virginia)Orlando I Portland San Francisco Tallahassee I Tampa I Washington, D.C. I West Palm Beach <br /> 0 <br />