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regarding current and proposed rates, the cash flow forecast for the FPL sale, and the FMPA <br />balance sheet. <br />Dr. Stephen Faherty thanked FPL for their support reminded the Board that the <br />contract between the City and FPL runs through 2016; and that the 30 -year Franchise Agreement <br />will end for electric utility service in 2017. He thereafter provided background on the FPL sale <br />and strategic actions for the Board to consider. <br />Chairman O'Bryan said the Board wants to continue working with the City and FPL to <br />come to an agreement that will benefit all the ratepayers of the City of Vero Beach Electric. <br />Bob Johnson Coral Wind Subdivision, sought and received information regarding <br />guaranteed reduced rates. <br />The Chairman CALLED THE QUESTION and the <br />Motion carried unanimously. <br />County Attorney Dylan Reingold said he would bring a draft Resolution to the Board <br />during the March 18, 2014 Board of County Commission meeting. <br />6. APPROVAL OF MINUTES <br />6.A. REGULAR MEETING OF FEBRUARY 4, 2014 <br />6.B. IMPACT FEE WORKSHOP OF JANUARY 22, 2014 <br />The Chairman asked if there were any corrections or additions to the minutes. There <br />were none. <br />March 11, 2014 4 <br />