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b. <br /> ON MOTION by Commissioner O ' Bryan, SECONDED <br /> by Commissioner Flescher, the Board unanimously <br /> approved Resolution 2011 -026 , as amended to add: <br /> (1) page 2, fourth paragraph - " WHEREAS, on April 4, <br /> 2011 , FPL submitted a letter of intent to the City <br /> expressing its interest in purchasing the City electric <br /> system. and (2) page 3 - Item 2. C. Sale of System " On <br /> April 4, 2011 , FPL submitted a letter of intent expressing <br /> its interest in purchasing the City electric system for a <br /> cash payment of up to $ 100 million. ", setting forth the <br /> Board ' s position on certain issues relating to City of Vero <br /> Beach electric system . <br /> Glenn Heran , 6985 57th Street, clarified the 8 % recover rate disparity of the City of Vero <br /> Beach, <br /> J. Rock Tonkel, Grand Harbor, thanked the Board for their involvement, support, and <br /> the progress that has been made . He briefly recapped the presentation he had made to the Joint <br /> Finance and Utilities Commission . He encouraged the Board to continue negotiations in <br /> regionalization and combining the water and sewer utilities . <br /> Charlie Wilson , 1057 61h Avenue , felt it important to send this message to the Public <br /> Service Commission, and to do so as soon as possible . <br /> John Burns , 1811 East Sandpointe Place , Vero Beach, and President of the South Beach <br /> Property Owners ' Association, pointed out that he and his Association consisting of 2 , 600 <br /> electric utility customers supported the Resolution . <br /> April 5 , 2011 20 <br />