[MEETING TO ORDER]
[00:00:08]
>> AFTERNOON. :00 P.M. GOOD AFTERNOON. IT IS NOW 4:00 P.M.
WE NOW STAND FOR THE PRAYER AND PLEDGE OF ALLEGIANCE.
>> FATHER GOD, WE ASK YOU FOR ALL THINGS GOOD. WE THINK YOU FOR THE OPPORTUNITY TO SEEK YOU FOR WISDOM AND GUIDANCE, AND WE ASK THAT YOU GRANT THIS AFTERNOON WITH HUMILITY. WE THANK THEM FOR THE DESIRE THAT THEY HAVE TO SERVE THE PEOPLE FORT PIERCE AND THE BENEFITS TO THE WHOLE COMMUNITY. WE THANK YOU FOR RAISING YOURSELF AND PLACING THEM WHERE THEY ARE.
MAY YOU BLESS THEM AND THEIR COMMUNITY. IN JESUS NAME, AMEN.
>> AMEN. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL
>> PLEASE BE SEATED. MADAM CLERK, WE PLEASE CALL THE ROLE?
[A. SET THE AGENDA]
>> MEMBER GIBBONS? >> PRESENT.
>> VICE CHAIR LAMMERS? >> PRESENT.
>> CHAIR BENNETT? >> PRESENT. WE HAVE A QUORUM.
THE NEXT ITEM IS SETTING THE AGENDA. DO HAVE A MOTION?
>> MADAM CLERK, WILL YOU PLEASE CALL THE ROLE?
>> MEMBER FEE IV? YES. >> MEMBER GIBBONS? YES.
>> MEMBER HUDSON? YES. >> TRAN FIVE?
>> YES. VICE CHAIR LAMMERS? YEP HIS. THE NEXT ITEM ON THE AGENDA IS PUBLIC COMMENTS. IF THERE IS ANY MEMBER OF THE PUBLIC THAT WOULD LIKE TO COME FORWARD AND SPEAK, YOU MAY DO SO NOW . WHEN YOU COME, PLEASE STATE YOUR NAME AND ADDRESS FOR THE RECORD . YOU WILL HAVE THREE MINUTES TO ADDRESS THE BOARD. OKAY. EACH OF YOU HAVE A COPY OF THE MINUTES OF THE
[C. APPROVAL OF MINUTES]
REGULAR MEETING. I AM SORRY. I AM SEEING THAT THERE IS NO ONE THAT CAME FORTH. NOW, WE WILL APPROVE THE MINUTES AT THIS TIME. EACH OF YOU HAVE A COPY OF THE MINUTES OF THE REGULAR MEETING ON JANUARY 16TH, 2024 . ANY CHANGES REQUESTED , OR DOHAVE A MOTION? >> MOVED TO APPROVE.
>> SECOND. >> WE HAVE A MOTION IN A SECOND. MADAM CLERK WILL YOU PLEASE CALL THE ROLE?
[D. CONSENT AGENDA]
>> VICE CHAIR LAMMERS? >> YES. WE WILL NOW HAVE THE CONSENT AGENDA. ARE THERE ANY ITEMS ON THE AGENDA THE BOARD WOULD LIKE TO PULL FOR DISCUSSION ON THE CONSENT AGENDA, OR DO I HAVE A MOTION?
>> I MOVE TO APPROVE. >> SECOND.
>> MADAM CLERK, YOU PLEASE CALL THE ROLE?
[E.1. PHASE 1A DESIGN & PERMITTING FOR THE WASTEWATER CONVEYANCE SYSTEM REDIRECTION- AMENDMENT #1.]
>> VICE CHAIR LAMMERS? >> YES.
>> THANK YOU, MADAM CHAIR . THE FIRST ITEM THIS AFTERNOON IS TO REQUEST AMENDMENT NUMBER ONE FOR PROGRESS DESIGN BUILD FOR THE WASTEWATER COMMAND SYSTEM TO FLOW FROM EAST TO WEST TO OUR WASTEWATER PLANT. THIS IS AN IMPORTANT STEP TOWARDS GETTING THE EXISTING PLANT OFF THE ISLAND, AND MR. DAWSON WILL
PRESENT THIS ITEM. >> THANK YOU , MR. CISNEROS.
COULD EVENING, MADAM CHAIR, MADAM MAYOR, AND MEMBERS OF THE BOARD. TODAY, I AM HERE TO PRESENT YOU AMENDMENT NUMBER ONE. IT IS THE PROGRESSIVE DESIGN BUILD AGREEMENT FOR THE FPO A SYSTEMATIC WASTEWATER CONVENIENT SYSTEM REDIRECT SYSTEM WITH TLC INC. . UNSAVORY SEVEN, 2023 , THE FDA APPROVED THE FIRST PHASE OF THE SYSTEM REDIRECTION THAT INCLUDED DATA COLLECTION , HYDRAULIC MODELING, AND A PRIMARY DESIGN REPORT TO IDENTIFY THE CAPITAL IMPROVEMENTS THAT ARE REQUIRED TO MEET THE NEAR-TERM AND LONG-TERM OBJECTIVES OF STARTING OF THE NEW WASTEWATER PLANT , AND DECOMMISSIONING THE EXISTING PLANT ON THE ISLANDS. THE PULMONARY DESIGN REPORT , COMPLETED IN JANUARY, 2024, OUTLINED THREE DISTINCT PHASES OF IMPROVEMENTS REQUIRED TO COMPLETE THE SYSTEMATIC REDIRECTION OF THE SANITARY SEWER SYSTEM , AND ULTIMATE
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DECOMMISSIONING OF THE ISLAND WASTEWATER PLANT. TODAY, STAFF RECOMMENDS APPROVING THE NEXT STEP IN THE OVERALL SYSTEM REDIRECTION. THIS IS THE FIRST ADDENDUM THE OVERALL DESIGN BUILD CONTRACTING PROCESS THAT WAS APPROVED BACK IN FEBRUARY 7TH, 2023. THIS ADDENDUM REPRESENTS THE DESIGN OF PHASE ONE A TO INCLUDE 30%, 60%, 90%, 100% PLANS PERMITTING, SURVEYING, PROJECT MANAGEMENT. NOT TO EXCEED THE COST OF THIS ADDENDUM IS $1,859,903.00 , AND INCLUDES A $15,000 YOUR CONTINGENCY FOR TECHNICAL WORK AND SURVEY IF NEEDED. WITH THAT, I WILL BE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.>> MR. DAWSON, WERE PRESENTED OF THE OVERALL CONVEYANCE SYSTEM TO REDIRECT FLOW FROM THE ISLAND TO THE MAINLAND
PLANT WITH THIS DESIGN COVER? >> THIS IS ONLY FOR THE FIRST PHASE , WHICH WILL GIVE US THE FLOWS WE NEED TO START UP A PLANT. BUT AS FAR AS AN OVERALL PERCENTAGE, I HOPE I AM HERE CORRECTLY , I WOULD SAY THIS IS APPROXIMATELY 50% OR SO?
>> ABOUT 50% OF THE DESIGN THAT WE NEED . AND A SECOND QUESTION FOLLOWING UP TO THAT. WHAT KIND OF PROJECTED GROWTH ARE WE EXPECTING TO SEE IN THE WASTEWATER SYSTEM THAT WE ARE DESIGNING FOR? CURRENTLY, WE HAVE X AMOUNT OF FLOW GOING TO THE ISLAND RECREATION FACILITY , AND THEN WE ARE ALL BEASLEY GOING TO DESIGN MORE THAN WHATEVER THE PEAK FLOW IS .
OUTCAST, I DUNNO. THE PERCENTAGE OF GROWTH, HOW MUCH GROCERY PLANNING FOR AND THAT DESIGN?
>> SO, I SAW SOME NUMBERS THIS MORNING, WHICH SUGGESTS THAT WE ARE EXPECTING A PROXIMALY ONE .5% GROWTH.
>> OKAY. AND AGAIN, I DON'T KNOW IF ANYONE WANTS TO JUMP IN HERE TO HELP ME OUT, BUT THAT IS WHAT WE ARE PROJECTING. AS FAR AS FUTURE GROWTH IS CONCERNED.
>> WHAT DO WE DO IF WEEKS. A LOT MORE GROWTH THAN THAT? WE JUST BUILD ADDITIONAL PIPELINES?
>> SO, THE PLAN IS TO BUILD THE ULTIMATE BUILDOUT OF THE PLAN TO ESSENTIALLY ACCOMMODATE THE GROWTH THAT WE ARE ANTICIPATING. WE DON'T FORESEE FORT PIERCE GOING SO CRAZY TO WHATEVER WE BUILD THAT WILL EXCEED THAT GROWTH. I MEAN, THERE IS ONLY SO MUCH LAND . SO, WE ARE BUILDING FOR WORST-CASE SCENARIO . AND AGAIN, HOPEFULLY I'M ANSWERIG
YOUR QUESTION. >> I THINK FOR THE MOST PART.
>> I WILL JUMP IN HERE FOR JUST A QUICK SECOND. THE AVERAGE DAILY FLOW IS ABOUT 4 MILLION GALLONS PER DAY AT THE EXISTING SITE. SO, WE EXPECT THAT FLOW AT THE NEW SITE . THE PLAN IS BEING DESIGN FOR ABOUT 10 MILLION GALLONS, I THINK, WITH THE ABILITY TO EXPAND THE EXISTING SITE TO ACCOMMODATE ADDITIONAL FLOWS. BUT THAT WOULD BE, YOU KNOW, A PRETTY SUBSTANTIAL INCREASE IN FLOWS.
>> I AM PROBABLY GOING TO GET INTO THE WEEDS MORE QUICKLY THAN MY KNOWLEDGE WILL ALLOW ME TO UNDERSTAND. BUT, THE PEAK FLOW , WHAT CAPACITY WILL THE CONVENIENT SYSTEM MOVE ? AND THEN OBVIOUSLY, I WOULD NOT GUESS THAT WHOLE 4 MILLION WE SENT TO THE PLANTS, AND THEN SENT BACK TO THE NEW MAINLAND FACILITY . THERE IS PROBABLY SOME PORTION OF THAT WE WOULD TURN AROUND BEFORE IT EVEN MAKES IT THAT FAR. RIGHT? DOES IT MAKE SENSE IN THE WAY I AM ASKING IT?
>> YES. LET ME TRY TO ANSWER IT THIS WAY. SO, THE FIRST PHASE WE ARE ANTICIPATING APPROXIMATELY 5.7 MILLION GALLONS PER DAY. THAT FLOW WILL GO TO THE NEW PLANT. AT ULTIMATE BUILDOUT, I WANT TO SAY THAT THE PEAK FLOW IS GOING TO BE 30 MILLION GALLONS PER DAY . SO, WE ARE OBVIOUSLY PLANNING TO BUILD IT IN PHASES. SO, THE FIRST PHASE IS 5.7, AND HAVE MY NUMBERS HERE. THE SECOND PHASE, BEAR WITH ME ONE SECOND, WILL DELIVER UP TO 9.5, AND IN THE THIRD PHASE WILL GIVE US THE 30 MGD, WHICH IS MAXIMUM CAPACITY.
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>> OKAY. AT THIS POINT IN THE CONVERSATION, I REALIZED WHEN I STARTED ASKING QUESTIONS, WANT TO GO TO THOSE TYPES OF ANSWERS, I DON'T REALLY UNDERSTAND WHAT YOU'RE SAYING.
BUT, YOU HAVE GIVEN ME CONFIDENCE NOW THAT YOU GUYS
HAVE DONE YOUR HOMEWORK. >> YOU ARE PLANNING FOR THE FUTURE. WE DON'T KNOW WHAT THAT LOOKS LIKE.
>> I WAS GOING TO SAY, YOU ARE PLANNING FOR THE FUTURE.
>> SO, IF I UNDERSTAND YOU CORRECTLY , THIS IS ONLY FOR ONE HALF OF THE DESIGN? OR THE FULL DESIGN?
>> THIS IS JUST FOR A PORTION OF THE DESIGN, WHICH WE ARE TITLING PHASE ONE ACED RIGHT NOW , AND THAT WILL BE WHAT WE NEED TO START OF THE NEW FACILITY.
>> HOW LONG WILL IT TAKE FOR THIS DESIGN TO GET FULLY
IMPLEMENT IT FOR PHASE ONE? >> WE ANTICIPATE APPROXIMATELY THREE TO SIX MONTHS FOR THE DESIGN. THERE ARE LITTLE MINI PHASES, IF YOU WILL . SO, ALL OF THOSE PHASES WILL BE DESIGNED CONCURRENTLY. SO, THE TIMING WILL BE DIFFERENT FOR EACH PHASE. BUT IN TOTAL, WE ARE ANTICIPATING THREE TO SIX
MONTHS FOR THE DESIGN. >> COMEDY PHASES ARE IN A
DEADLINE? >> TOTAL? OR JUST FOR THIS 1A?
>> TOTAL. >> THIS IS PHASE ONE. WE HAVE A
PHASE FIVE? PHASE 10? >> WE HAVE PHASE ONE MODEL A, 1 B, WE HAVE A PHASE TWO, BUT THERE IS PHASE 1A, WE SEE WITH THE SYSTEM TELLS US, DO WE NEED ANOTHER PHASE, OR DO WHAT WE HAVE IS SUFFICIENT? WE WILL TAKE IT STEP BY STEP, IF YOU WILL, EVALUATE THE SYSTEM, AND SEE WHAT WE NEED TO MOVE
FORWARD. >> WE WILL DESIGN AND THEN IMPLEMENT PHASE ONE DESIGN, SEE WHAT THE RESULTS ARE , AND THEN
>> WE ARE TRYING TO MAKE SURE THE MODEL THAT WE ARE USING ACTUALLY RESULTS TO CONDITIONS, AND SEE HOW THAT FLOW WORKS.
BECAUSE A PRICE TAG ON JUST A PORTION FOR DESIGN AND IMPLEMENT THE DESIGN FOR PHASE ONE, AND PHASE ONE, AND PHASE
ONE ? >> YOURS TALKING ABOUT CONCESSION COST AS WELL? SO, WHEN WE ARE ANTICIPATING IS 32
>> YES, SIR. >> SO, JUST AS A DESIGN, IT IS
ONE .8 APPROXIMATELY? >> YES, SIR.
>> SO, PHASE 1B? >> WE ARE DOING THIS IN PHASES SO THAT AS THE FIRST PHASE IS DONE, THE HELPS CONTROL WHAT THE CONDITIONS ARE OF THE OTHER PHASES.
>> IS THE PLAN AFTER WE HIT PHASE 1A, WE WILL DESIGN AND THEN INSTALL, OBSERVE, AND THEN ADDRESS PHASE 1B?
>> YES, SIR. >> WE ARE TRYING TO KEEP THE COST AS LOW AS POSSIBLE AS WE ARE GOING THROUGH THIS. WE WANT TO MAKE SURE THAT WE ARE DESIGNING, IMPLEMENT AND, TESTING, AND CALIBRATING THE SYSTEM TO OPERATE AS USUAL.
>> THAT'S WHAT I WAS RIGHT TO GET TO YOU. THE BIG QUESTION WAS WHY DON'T YOU DESIGN THE WHOLE THING ?
>> TO ANSWER MY QUESTION. WE WANT TO MOMENTS, OBSERVE, AND MAKE SURE WE ARE DOING THE RIGHT THING. IF YOU NEED TO MAKE ADJUSTMENTS, THEN WE CAN MAKE ADJUSTMENT BEFORE MOVING ONTO THE NEXT STEP. SO, YOU ANSWERED MY QUESTION.
>> I HAVE A QUICK QUESTION. AS FAR AS THE BUDGET GOES FOR HOW MUCH WE ALLOTTED FOR THIS DESIGN BUILD , IS THIS WITHIN OUR BUDGET? HOW MUCH OVER ARE WE? ARE WE WITHIN LIMITS?
>> WE ARE WITHIN THE BUDGET WE ANTICIPATED FOR THIS PHASE.
>> FOR THE STEP? >> YES, MA'AM.
>> THAT'S GOOD TO KNOW. I LIKE TO KEEP THAT GOING.
>> YES, MA'AM. DEFINITELY. >> MADAM CHAIR?
>> YES? >> IS IS COMING FROM THE MONEY
THAT WE BONDED? >> THE DESIGN, YES.
>> SO, THIS IS PHASE 1A, RIGHT?
>> YES, MA'AM. >> SO, WILL 1B BE
LOW VOLUME ] >> WE ARE POSITIVE YET.
>> AND IT WILL BE DIFFERENT OVER TIME WITH THE PRICE INCREASE, BUT IS THIS LIKE SOMETHING THAT YOU DO WHEN YOU SPEND THE MONEY, AND THEN EVERYTHING AFTER THAT THE COST AS MUCH? OR NO? HOPEFULLY? SAME THING HOPEFULLY.
>> I WAS GOING TO SAY, WISHFUL THINKING. I WOULD LOVE TO
ANSWER YES. >> ONE OF THE QUESTIONS THAT WAS ASKED WAS HOW MUCH WILL THIS PHASE DO? HOPEFULLY WE CAN
[00:15:01]
GET 60 OR 70%. HOPEFULLY IT IS ABLE TO HANDLE THAT FLOW, WHICH MEANS WE WOULD NEED LESS PIPING THROUGHOUT THE SYSTEM TO REDIRECT ALL OF THE FLOW. BUT IT MAY BE THAT IT IS ONLY CAPABLE OF HANDLING 40%, WHICH MEANS OUR COST WILL BE MORE.>> SO, YOU CAN'T REALLY SAY . THIS IS NOT SOMETHING WHERE YOU SPEND A LOT, AND AFTER A WHILE, IT IS JUST RIGHT?
>> BUT THE ENGINEERING DESIGN TEAM HAS A COUPLE OF ITERATIONS OF WHAT THIS LOOKS LIKE, AND THIS FIRST PHASE IS THE BEST INITIAL APPROACH TO GET THE SYSTEM GOING THE OTHER WAY , AND CALIBRATING THE SYSTEM TO SEE HOW IT WILL WORK.
>> MADAM CHAIR? >> OH, OKAY, GO AHEAD.
>> JUST TO MAKE SURE I DO MISUNDERSTAND, THE DESIGN OF PHASE 1A AND BUILDING IT COULD POTENTIALLY ALLOW US TO COMMISSION THE NEW PLAN AND DECOMMISSION THE OLD PLANTS?
>> NO. ONLY BECAUSE WE STILL HAVE TO ACCOUNT FOR WHAT WE CALL WET WEATHER FLOWS. IN CASE WE GET A MASSIVE STORM , PHASE 1A ONLY HAS A CERTAIN CAPACITY, WHICH IS WHAT WEATHER FLOW. WE HAVE TO KEEP THE EXISTING PLANT RUNNING , THAT WE CAN ENSURE THAT WE DON'T HAVE A BUNCH OF SPILLS ALL OVER TOWN. SO, WE NEED THE EXISTING PLANT TO CONTAIN THOSE WET WEATHER FLOWS UNTIL WE CAN BUILD A SYSTEM TO WHERE I CAN HANDLE ALL THAT
FLOW. >> OR SPEND ABOUT $50,000,000.00 LINING ALL OF OUR MANHOLES AND SEWER
MAINTENANCE. >> WE ARE WORKING ON THAT NOW.
>> WE DO HAVE A GOOD PROGRAM. WE DO HAVE A LINING PROGRAM FOR MANHOLES. BUT WE CHIP AWAY AT IT AS MUCH AS WE CAN AT THE
BUDGET THAT WE HAVE. >> THE FOLLOWING UP ON THAT IS 1B? 1A BE ABLE TO DECOMMISSION THE PLANTS?
>> TOO EARLY TO TELL, HONESTLY. BUT IN A PERFECT WORLD , THAT WOULD BE IDEAL, YES. LIKE THEY SAID, NUMBERS DON'T LIE. SO, WE HAVE TO DO OUR HOMEWORK JUST TO MAKE SURE THAT , YOU KNOW, WHEN IT IS ALL SAID AND DONE , BEFORE WE DECOMMISSION THE EXISTING PLANT , THIS CONVEYANCE SYSTEM CAN HANDLE ALL OF THAT FLOW THAT WILL NOW BE GOING TOWARDS THAT NEW
PLANT. >> RIGHT. YOU GUYS ARE BASING THE DESIGNED OFF OF A MODEL , LIKE WE ALL KNOW, ALL MODELS ARE WRONG. NOW, WE JUST HAVE TO FIND OUT OF THIS ONE IS USEFUL?
>> YOU ARE MUCH BETTER AT PUTTING IT THAN I AM I GUESS.
>> SO, JUST TO BE CLEAR ABOUT THIS, YOU ARE SAYING 1A, ONCE WE IMPLEMENT IT, 1B SHOULD COST LESS OR MORE?
>> I WOULD BE LYING TO YOU IF I TOLD YOU WHAT IT WOULD COST. I DON'T KNOW ONLY BECAUSE, LIKE I SAID, WE HAVE TO DO THE FIRST PHASE , AND EVALUATE IT. IT COULD BE A CASE WHERE HEY, THE SIZED PIPE THAT WE PROJECTED, WE MAY NOT NEED THOSE SIZES.
SO, THAT WILL DECREASE, YOU KNOW, THE COST FOR THE NEXT PHASE. OR, IT COULD GO THE OTHER WAY. I REALLY DON'T KNOW.
>> I APPRECIATE YOUR HONESTY. >> YES.
>> I AM TRYING TO BE HONEST. >> ALL WE KNOW IS 1A. THAT IS
>> THAT IS WHERE WE ARE. >> THAT IS WHERE WE ARE.
>> YOU NEED A MOTION FOR THIS?
>> SO, DO WE HAVE A MOTION? >> SO MOVED.
>> PLEASE CALL THE ROLE? >> MR. FEE?
[E.2. Status Report on Electric Power Cost Adjustment (PCA) for March 2024]
>> YES. MOVING RIGHT ALONG, WE HAVE THE PCA FROM MARCH, 2024,
NO? >> YES, MA'AM , MADAM CHAIR.
MADAM CHAIR, THE NEXT ITEM IS A STATUS REPORT ON THE ELECTRIC POWER COST ADJUSTMENT , AND A PROPOSED REDUCTION FOR JULY OF 2024 THIS UPCOMING COUPLE OF MONTHS FROM NOW OF A NEGATIVE THREE POWER COST ADJUSTMENT , WHICH MEANS A CREDIT ON THE CUSTOMER BILL, WHICH IS A GOOD THING. THE PRESENTATION FORMAT THAT YOU WILL SEE TODAY WILL LOOK FAMILIAR, BUT THE APPROACH IS LOOKING AT A 12 MONTH WINDOW FOR A LONG TERM OUTLOOK THAT WE MANAGE THE RATE CIVILIZATION FUNDS AT THE CASH. THIS LINES
[00:20:01]
UP WITH THE RESEARCH PROGRAM, WHICH WE DISCUSSED A COUPLE OF MONTHS AGO. ONE LAST THING. ON APRIL 18TH , THE F MPA EXECUTIVE BOARD APPROVED A THREE-YEAR PROGRAM TO LOCK IN GAS PRICES AS SUCH TO TRY TO DELIVER POWER TO ITS MEMBERS CITY AT OR NEAR ZERO. THE GOAL IS OBVIOUSLY TO BE LOWER THAN THAT, BUT HOPEFULLY, IF THIS PROGRAM WORKS REALLY WELL, THAT MEANS OUR JOB A LITTLE BIT EASIER HERE AT THE LOCAL LEVEL.LET'S SEE. WITH THAT BACKGROUND, MISS MICAH, OUR CHIEF FINANCIAL OFFICER, PRESENT THIS ITEM.
>> THANK YOU, MADAM CHAIR AND BOARD MEMBERS. GOOD AFTERNOON.
WE HAVE FOR YOU TODAY AN UPDATE OF THE MARCH, 2024 POWER COST ADJUSTMENT. INCLUDING TABLES AND CHARTS THAT HAVE BEEN UPDATED , INCLUDING THE LATEST PROJECTIONS FROM F MPA. AS MR. CISNEROS JUST MENTIONED, WE ARE TAKING A LOOK AT A NEW APPROACH, ASSESSING THE POWER ADJUSTMENT OVER A 12 MONTH PERIOD, AND TARGETING A MORE SUSTAINABLE FUND. THE TABLE SHOWS THE QUARTERLY IMPACT OF THE POWER COST ADJUSTMENT FOR THE PAST TWO YEARS. IN THE COMMUNITY BALANCE OF THAT POWER COST RECOVERY. DURING MARCH, THE AVERAGE PURCHASING COST OF POWER PER MEGAWATT HOUR , AND HE PCA OF ZERO , WE RECOVERED $127,000.00 IN POWER COSTS. THE FIRST TWO MONTHS IN JANUARY AND VERY, HAD AN AVERAGE COST OF $83.65 , WHICH LEFT A CUMULATIVE SHORTFALL FOR THIS QUARTER OF $443,000.00 OF THE QUARTER ENDING IN MARCH , BRINGING OUR CURRENT OVERALL OVER COLLECTION TO $9,616,000.00. OUR TOTAL ENERGY PURCHASES FOR OCTOBER TO MARCH, THE FIRST SIX MONTHS OF THIS YEAR , IS 3 1/2% LOWER THAN LAST YEAR. HOWEVER, THE COST OF THOSE PURCHASES IS DOWN 27 1/2% , OR ABOUT 7 1/2 MILLION DOLLARS ZERO. THIS GRAPH TRACKS THE COMMUNITY BALANCE OF THE ACTUAL AND PROJECTED POWER COST RECOVERY, WHICH IS OUR RATE STABILIZATION FUND, IT IS JOAN IN RELATIONSHIP TO THE APPROVED POWER COST ADJUSTMENT. THIS GRAPH PROVIDES A TWO YEAR LOOK BACK IN A ONE-YEAR LOOK FORWARD WITH THE POWER COST ADJUSTMENT BEING THE DARK BLUE LINE THAT GOES UP, DOWN, AND ACROSS. AND THE BARS WHICH INDICATE THE LEVEL OF THAT RATE STABILIZATION FUND EACH MONTH, THE BLUE BAR IS ACTUAL THROUGH MARCH OF 2020 , MARCH OF 2024 , AND THE ORANGE BARS SHOW THE PROJECTED LEVEL OF THE RECOVERY THROUGH THE FUTURE THROUGH THE NEXT 12 MONTHS THROUGH 2025. IF WE LOOK ONE YEAR AGO , I JUST WANTED TO DRAW SOME DIFFERENT POINTS OUT HERE. ONE YEAR AGO, BACK IN MARCH OR APRIL TIMEFRAME OF 2023 WHEN OUR HEDGING PROGRAM BEGAN, WE HAD A POWER COST ADJUSTMENT ABOUT $39.00 FOR 1000 KILOWATT HOURS. WITH THE 75% CERTAINTY AND OUR PURCHASE POWER COST, THIS ALLOWED THAT RATE STABILIZATION TO CLIMB OVER THE LAST 12 MONTHS TO THE LEVEL THAT IT IS AT NOW. ALSO AT THE SAME TIME WHEN WE ARE RAISING THAT, WE ARE ALSO LOWERING THE POWER COST ADJUSTMENTS. YOU NEED TO TAKE A WHOLE BIRD'S-EYE VIEW OF IT. AND THIS REALLY SHOWS THE WHOLE PICTURE OF WHAT WE HAVE EXPERIENCED SINCE EARLY 2022. SO, THE ESTIMATE OF THE COST OF PURCHASES FOR THE UPCOMING 12 MONTHS HAS LEVELED OFF , SHOWING A LIMITED CHANGE FROM LAST MONTH PROJECTION. FISCAL YEAR 2024 AVERAGE COST FOR 1000 KILOWATT HOURS SOLD PROJECTED TO BE $74.11 FOR THIS YEAR. NEXT YEAR'S PROJECTION THROUGH FISCAL YEAR 2025 , THE AVERAGE COST FOR THAT SAME 1000 KILOWATTS IS PROTECTED TO BE $79.66 FOR NEXT YEAR. OKAY, SORRY. I APOLOGIZE. THIS IS A LONG-TERM PROTECTION BASED UPON THE CURRENT FORECASTED NUMBERS FROM MARCH, WITH MINOR ADJUSTMENTS TO THE PCA THROUGH FEBRUARY OF 2025. THE SOLID HORIZONTAL BAR MARKED THE RATE
[00:25:07]
STABILIZATION TARGETED BALANCE. STAFF HAS SHOWN TO BE SUFFICIENT GIVEN THE CIRCUMSTANCES THAT WE FACE BACK IN JUNE TO SEPTEMBER OF 2022. THE GREEN LINE THAT GOES ACROSS AND OVER FOLLOWS THE RATE STABILIZATION WITH CONSIDERATION GIVEN TO THE PERCENTAGES OF OUR CONTROL COST , WITH PRE-PURCHASED AMOUNTS IN THESE TIME FRAMES, AND THE MINOR ADJUSTMENTS THAT WE ARE PUTTING INTO THIS GRAPH WITH REDUCTIONS, INCREASES, AND SO FORTH IN THE PCA. THE VERTICAL BLUE LINES LIKE THE CHANGES IN THE PREPURCHASE AMOUNTS FROM 75 TO 50 , AND THE NEXT YEAR TO 20 , WERE F MPA HAS MADE CHANGES .SO, THAT MARKS THOSE POINTS IN TIME. WITH CONSIDERATION TO THE CURRENT IN YOUR FUTURE PROJECTIONS, STAFF IS RECOMMENDING A REDUCTION IN THE POWER COST ADJUSTMENT OF $3.00 FROM ZERO TO A -3 , EFFECTIVE JULY 1ST, OF 2024. THE FUTURE ADJUSTMENTS THAT ARE ON THIS GRAPH IN THIS PRESENTATION ARE INCLUDED WITH THE PRESENTATION OF THE RATE STABILIZATION AMOUNTS , BUT THEY ARE SUBJECT TO CHANGE BASED UPON FUTURE FORECAST FROM F MPA, AND ARE NOT INCLUDED IN TODAY'S RECOMMENDATION. ONLY THE JULY $-3.00. SO, STAFF, AS ALWAYS, WILL MONITOR THE FMP PROJECTIONS AND ANALYSIS IN THE IMPACT ON THE POWER COST ADJUSTMENT, GIVEN OUR NEW APPROACH, AND REPORT TO THE BOARD TO MAKE RECOMMENDATIONS AS NEEDED. THIS IS YOUR APPROVAL FOR THE $3.00 COST REDUCTION EFFECTIVE JULY 1ST, 2024, AND I WOULD BE HAPPY TO ADDRESS ANY QUESTIONS OR COMMENTS REGARDING THIS
RECOMMENDATION. >> MADAM CHAIR?
>> YES? >> THIS IS MIKA, SO THIS IS EASIER THAN WHEN YOU ASKED US TO RAISE IT. AM VERY APPRECIATIVE OF THIS. TODAY, YOU GUYS ARE ASKING FOR US TO REDUCE IT TO A $-3.00 PCA , AND LATER THIS YEAR , AND OF COURSE, THIS IS NOT PART OF THE DECISION TODAY , BUT YOU PROJECT THAT YOU WILL COME TO US AND ASK US TO REDUCE THE NEGATIVE PCAS TO NEGATIVE $1.00 50 , AND THEN THE BEGINNING OF NEXT YEAR, MAKE IT ZERO. SO, THIS DECISION WE MAKE TODAY COULD POTENTIALLY LAST TO THE END OF THE YEAR?
>> YES. BASED ON UPDATED FORECASTS OF WHEN WE GET THE NUMBERS . ALTHOUGH THE PROJECTIONS ARE FAIRLY STEADY AS FAR AS THE COST OF POWER, SO I'M NOT INSPECTING TOO MUCH OF A FLUCTUATION, BUT WE WILL LOOK AT IT EACH MONTH.
>> UNDERSTOOD. WAS THERE ANY CONSIDERATION TO MAKE THE PCA EVEN MORE NEGATIVE? BECAUSE IT LOOKS LIKE OUR BALANCE IS CONTACT PROJECTED TO CONTINUE TO GROW THROUGH THE YEAR , EVEN
AT A $-3.00 PCA. >> I AM THINKING THAT WE WANTED TO KEEP THE ADJUSTMENTS SMALL , AND NOT JUMP UP, GO DOWN, JUMP UP, GO DOWN. JUST KEEP IT COMING GIVE IT A REDUCTION TO KEEP IT WITHIN THAT RANGE , ALTHOUGH HAVING TO LOWER RATES, AGAIN, THIS IS GIVING US THOSE WINTER MONTHS, YOU KNOW ? JUST NOT TO MAKE THE CHANGES AS DRASTIC , HOLDING OFF, AND HAVING A 12, 15, 30 . WE HAD A LOT OF UPS AND DOWNS WITH
INSTABILITY WITH THAT. >> TRAN 23, I WOULD TO ADD TO MS. LAMMERS. WE GOT TO THE PREPURCHASE GAS AT 20% RANGE.
IF FMP IS ABLE TO EXECUTE A HIGH PERCENTAGE, THEN WE KNOW WHAT THOSE COSTS THAT MAKE IT IS EASY TO PREDICT THE DELIVERED POWER COSTS. SO, THERE IS POTENTIAL FOR US TO MAYBE MAKE A DIFFERENT NUMBER . HOPEFULLY IT IS A LOWER NUMBER, BUT AS WE COULD DO THAT 20% RANGE, WE WANT TO TRY TO STAY CLOSER TO THAT RATE STABILIZATION TARGET BALANCE.
>> I SEE. THE TREPIDATION WITH MAKING THE PCA EVEN MORE NEGATIVE IS THAT OUR VOLUNTEER IT HE MAY INCREASE IN 2025?
>> THAT IS RIGHT. >> THANK YOU.
[00:30:09]
>> TO I HAVE A MOTION? >> I MOVE TO APPROVE.
>> SECOND. >> MADAM CLERK, WOULD YOU
PLEASE CALL THE ROLE? >> MR. FEE?
[E.3. January 2024 Financial Operating Results]
>> THANK YOU. >> MOVING TO THE NEXT ITEM , THE FINANCIAL OPERATING RESULTS.
>> YES, MA'AM. THANK YOU, BARBARA. THANK YOU VERY MUCH.
GOOD IS FOR OUR CUSTOMERS, WHICH IS GREAT. THE NEXT ITEM IS A REQUEST THAT IS AN UPDATE ON THE JANUARY, 2024 FINANCIALS. THE FINANCIAL MANAGER WILL PRESENT THIS ITEM.
>> THANK YOU , MR. CISNEROS, MADAM CHAIR, AND BOARD MEMBERS.
I'M HERE TO PRESENT THE FINANCIAL OPERATING RESULTS THROUGH JERRY FISCAL YEAR 2024. THE FIRST OF OUR COMPARATIVE DATA COMPARES THE FIRST FOUR MONTHS OF THE FIRST FOUR MONTHS OF 2023. OUR REVENUE HAS DECREASED ABOUT $8,000,000.00, AND THAT THE CLIENT , THE OPERATING REVENUE WAS THROUGH THE REDUCTION OF THE PCA FOR ELECTRIC CUSTOMERS JUST AS MRS. MIKA SAID. THE FIRST FOUR MONTHS, THE RANGE ANYWHERE FROM $19 TO 27 OR $35.00 PER KILOWATT HOURS. BUT THE FIRST FOUR MONTHS OF THIS FISCAL YEAR, WE BEEN ABLE TO MAINTAIN A PCA OF ZERO. SO, THE SIGNIFICANT LEAD DECREASES THE ABOUT OF PC ABLE TO OUR CUSTOMER. OUR OPERATING XCELLENCE IS ALSO DECREASED AT ABOUT FOUR POINTER MILLION, AND THAT IS BECAUSE OF THE AMOUNT OF PURCHASES FOR RESALE. OUR OPERATING INCOME WHEN COMPARED TO LAST YEAR HAS INCREASED A LITTLE OVER HALF $1 MILLION, AND IT HAS INCREASED ABOUT 1.5 MILLION. THE FOLLOWING CHARTS WILL COMPARE ACTUAL REVENUE AND EXPENSES VERSUS OUR BUDGET AMOUNTS. THE BUDGETED AMOUNTS ARE GOING TO BE SHOWN IN THE BARS IN GRAY. THE TOTAL ACTUAL REVENUES VERSUS BUDGET ARE BELOW PROJECTIONS BY ABOUT 7.8 MILLION, OR ABOUT 18%. HOWEVER, OUR EXPENSES ARE ALSO BELOW BUDGET BY ABOUT 4.8 MILLION, OR ABOUT 11%. AND THE CHANGE IN THAT POSITION, WHICH IS BASICALLY ALL OF OUR REVENUES AND ALL OF OUR EXPENSES FOR FPUA AS A WHOLE IS A POSITIVE NET CHANGE OF 9.3 MILLION , BUT JUST AS A REMINDER, WE USE THAT TO PUT RIGHT BACK INTO OUR CAPITA AND INFRASTRUCTURE. THE FOLLOWING SLIDES, WE'LL GO THROUGH EACH SYSTEM ALONE . SO, THE ELECTRIC ACTUAL REVENUES ARE BELOW PROJECTIONS BY ABOUT 13% , BUT THEN, AS YOU CAN IMAGINE, OUR EXPENSES ARE ALSO BELOW 13%. SO, THEY ARE WAGE OTHER. THE CHANGE IN THE POSITION FOR THE ELECTRIC SYSTEM IS A POSITIVE 2.7 MILLION. WATER REVENUES VERSUS BUDGETS ARE BELOW PROJECTIONS BY ABOUT 525,000 , AND OUR EXPENSES ARE BELOW PROJECTIONS BY ABOUT 760,000 . THE CHANGE IN THE POSITION FOR THE WATER SYSTEM IS A POSITIVE THREE-POINT 1 MILLION. OUR WASTEWATER ACTUAL REVENUES ARE JUST BELOW PROJECTIONS BY THREE-POINT 6 MILLION . I THINK I WENT THROUGH THIS LAST MONTH AS WELL. JUST BECAUSE OF THE REIMBURSEMENT PROCESS AND THE REVENUE RECOGNITION THAT HAS TO DO WITH THE FOR THE RESILIENT GRANT . IT'S JUST A WORK IN PROGRESS WITH THAT. THE ACTUAL EXPENSES FOR WASTEWATER IS JUST $14,000.00 . THE REPORTED CHANGE IN THAT POSITION IS A POSITIVE THREE-POINT 2 MILLION.
OUR GAS ACTUAL REVENUES ARE ABOVE PROJECTION BY ABOUT 2% , AND ALSO, OUR EXPENSES ARE ALSO BELOW PROJECTION BY ABOUT 8%.
SO, OUR CHANGE IN THAT POSITION FOR THE GAS SYSTEM IS ALSO POSITIVE. ALMOST ABOUT $300,000.00. NET REVENUES ARE BELOW PROJECTIONS BY ABOUT 145,000 , BUT OUR EXPENSES ARE ALSO BELOW ABOUT 62,000, RESULTING IN A CHANGE IN THAT POSITION FOR COMMUNICATIONS OF ABOUT $25,000.00. OUR DEBT SERVICE COVERAGE RATIO IS THE RATIO FOR A 12 MONTH AVERAGE OF NET INCOME COMPARED TO OUR DEBT SERVICE FOR THE 12 MONTHS AND GENERATE 24, OUR DEBT SERVICE RATIO IS 2.67 TIMES, AND THIS IS A REMINDER, AS INDICATED BY THE RED BAR, WE HAVE TO MAINTAIN A MINIMUM OF ONE POINT TO FIVE TIMES. THIS LIGHT SHOW
[00:35:06]
THE BALANCE OF THE RATE STABILIZATION FUNDS AND DAYS OF CASH ON HAND SINCE THE BEGINNING OF FISCAL YEAR 2023.CURRENT UNDERSTATED EQUITY AND FULL CASH AND INVESTMENT, INCLUDING THE RATE STABILIZATION FUND, TO WAS ABOUT 31 20 MILLION, AND THAT EQUATES TO ABOUT 132 DAYS OF OPERATING CASH. THE RATE STABILIZATION FUND FOR ELECTRIC AND GAS COMBINED AT THE END OF JANUARY WAS 9.8 MILLION. THIS HAS BEEN FOR INFORMATION ONLY, BUT I WILL BE GLAD TO ANSWER
ANY QUESTIONS THAT YOU HAVE. >> ANY QUESTIONS?
[E.4. Security Camera System]
>> THANK YOU SO MUCH. >> YOU ARE WELCOME.
>> NEXT ITEM? SECURITY CAMERA SYSTEM.
>> YES, MA'AM. THANK YOU, MADAM CHAIR. AS YOU MENTIONED, IT IS A REQUEST TO NEGOTIATE A CONTRACT WITH THE SELECTED VENDOR FOR OUR SECURITY CAMERA SYSTEM REPLACEMENT. THIS ITEM HAS BEEN ON THE TABLE FOR ABOUT SIX YEARS THROUGH COVID , AND SEVERAL ROADBLOCKS, INCLUDING FINANCIAL ROADBLOCKS, SO I'M HAPPY TO SEE THIS ONE MOVING FORWARD. THIS IS ONLY TO NEGOTIATE A CONTRACT, AND ALSO REQUIRE COMING BACK TO THE BOARD FOR CONTRACT APPROVAL. THE CHIEF OPERATING OFFICER AT
PRESENT THIS ITEM. >> IT AFTERNOON, MADAM CHAIR, MAYOR, BOARD MEMBERS . I AM HERE BEFORE YOU THIS AFTERNOON -- THIS EVENING TO DISCUSS AND MOVE FORWARD NEGOTIATION WITH THE NUMBER ONE BIDDER FOR OUR COMPANYWIDE CAMERA PLACING PROJECT. THE STARTED BACK IN 2020 PLANNING . IN 2021, WE DID SOME EARLY RELEASES TO RFPS AND RFQ'S. THIS IS ON THE BACK BURNER FOR A LITTLE WHILE ALWAYS FIGURED OUT WHAT OUR FINANCES WERE GOING TO LOOK LIKE FOR PLAN , BUT IN LIGHT OF SOME OF THE NEW SECURITY ISSUES AT UP AND COMING OUT IN THE NEWS LATELY WITH SOME OF OUR ESSENTIAL SERVICES AND SOME OF THE RULE CHANGES THAT HAVE COME DOWN, AND OUR SYSTEM IS GETTING OLDER , IT WAS IMPORTANT TO DO FIVE YEARS AGO, AND IT IS IMPORTANT TO DO NOW. SO, WE ARE REALLY JUST HERE TO ASK TO MOVE TO OUR NUMBER ONE BIDDER AND START NEGOTIATIONS, AND SEE IF I CAN GET UNDER CONTRACT WITH THOSE FOLKS. THIS IS A THREE-YEAR PROJECT, SO WE WILL COME BACK WITH A CONTRACT AND A BUDGET AND ALL OF THOSE THINGS. IS YOUR PACKET WILL SHOW YOU, WE SHORTLISTED THREE, WE INTERVIEWED THE MALL , WE NEGOTIATED WITH OUR NUMBER ONE BIDDER, WHICH IS OUR INTEGRATED SECURITY SYSTEMS MIAMI , AND THERE ARE TOTAL PROJECT COSTS THAT CAME IN AT LESS THAN HALF OF THE NUMBER THREE. SO, THAT GOT A GOOD PRICE. WE BROUGHT THEM IN, WE TRIED OUT THE PRODUCT, WE TRIED THEIR STAFF GO THROUGH THE INTERFACE AND LOOK AT IT TO MAKE SURE THAT IT IS SOMETHING THAT WE LIKE . OF THE THREE, THIS IS THE ONE THEY LIKE, AND COINCIDENTALLY, IT WAS ALSO THE LOWEST-PRICED. I THINK WE HAVE GOT A GOOD PARTNER HERE , AND WE ARE JUST ASKING THAT YOU LET US MOVE FORWARD WITH NEGOTIATIONS ON THE TERMS AND CONDITIONS OF A CONTRACT AND BRING THE CONTRACT BACK AND FORTH TO YOU IN THE NEXT COUPLE OF BOARD MEETINGS.
>> ANY QUESTIONS? >> I HAVE A QUESTION. DOES THIS
COVER ALL FACILITIES? >> YES, MA'AM.
>> SO, THE CAMERA FEEDS INTO SOMEPLACE WHERE SOMEONE IS LOOKING AT A SCREEN? THAT WHAT IS HAPPENING?
>> SURE. WHAT IS HAPPENING AT OUR CAMERA SYSTEM IS REALLY CENTRALIZED. THE WATER PLANT MIGHT HAVE A CAMERA SYSTEM. THE SEWER PLANT MIGHT HAVE A CAMERA SYSTEM. IT'S EASY. THIS WOULD REPLACE ALL OF THOSE AND PUT THOSE TO A CENTRALIZED SYSTEM WHERE ANYONE AT ANY TIME CAN DRAW THOSE CAMERAS UP ON THEIR SCREEN AND VIEW THEM LIVE IN REAL TIME. WE WILL HAVE SOME THERMAL IN THEIR THAT BECOMES IMPORTANT TO SOME OF OUR SYSTEMS WITHOUT GETTING INTO THE DETAILS FOR SECURITY REASONS. SOME OF OUR CAMERAS WILL HAVE BETTER PIXELATION SO YOU CAN SEE ACTUAL FACIAL FEATURES. WE ARE LETTING PEOPLE IN THE GATES, WE NEED A LITTLE BETTER RESOLUTION SO WE CAN SEE THAT WE THIS REPLY THAT WE ARE LIVING IN. SO, WE ARE IMPROVING SOME THINGS, IT DOESN'T REALIZE ITS, AND YES, WE WILL BE ABLE TO MONITOR IT. WE CAN MONITOR THE SAME THINGS FROM THE WATER PLANT, THE SEWER PLANT. WE HAVE COORDINATED WITH MR. HUTCHINSON TO MAKE SURE THAT WHAT WE ARE DOING HERE , AND JIVES WITH WHAT HE IS DOING AT HIS NEW SEWER PLANT. ALL OF
THAT HAS BEEN CONSIDERED. >> OKAY, THANK YOU.
>> DO WE NEED A MOTION? >> WE NEED APPROVAL.
>> MADAM CLERK, WE'LL PLEASE CALL THE ROLE?
[E.5. RESOLUTION NO UA 2024-06, RESCINDING ECONOMIC DEVELOPMENT RATE ESTABLISHED IN RESOLUTION UA 2015-13]
>> MS. LAMMERS? >> YES. NEXT AGENDA ITEM IS THE RESOLUTION NUMBER UA 2024-06 .
>> YES, THAT IS TO RESCIND THE ECONOMIC DEVELOP AND WRITE,
[00:40:02]
ESTABLISH BY RESOLUTION 2015-013. THIS NEW RESOLUTION WILL RESCIND THAT. TRAN 25 WILL ALSO SUBMIT THIS ITEM.>> THIS IS A RESOLUTION CREATED FOR ECONOMIC DEVELOPMENT DURING A TIME WHEN THAT WAS REALLY NEEDED. WE NEEDED TO PROVIDE OUR ECONOMIC DEVELOPMENT COUNCIL , CITY COMMISSION, AND COUNTY TOOL THAT WOULD ALLOW THEM TO HELP NEGOTIATE DEALS TO HELPING BUSINESSES TO OUR AREA. IT IS STILL A GOOD TOOL. I AM ASKING SIBLEY TO PUT A PAUSE IN OUR CURRENT ARCHITECTURE OR STRUCTURE OF OUR RATE THE WEIGHT IS LAID OUT, AND TAKING A LOOK AT IT , AND STICKING WITH THE CREATIVE DEVELOPERS ARE COMING THROUGH OUR DOORS THESE DAYS, IT IS NOT SUSTAINABLE THE WAY WE ARE DOING IT. WE ONLY REALLY HAVE THREE CUSTOMERS RIGHT NOW ON OUR ADR , WHICH IS OKAY. SOME OF OUR LARGER CUSTOMERS , WHICH ARE TIER FIVE CUSTOMERS, WE ARE LOOKING AT, LIKE, A FOUR YEAR PAYBACK RIGHT NOW BEFORE WE EVEN START MAKING A DOLLAR FOR THE UTILITY BASED ON THE DEEP DISCOUNTS THAT WE ARE GIVING. THAT IS GREAT. IT HAS WORKED FINE. BUT DEVELOPERS ARE COMING IN THESE DAYS , AND THEY ARE ASKING MORE AND MORE THE UTILITY TO PUT IN, YOU KNOW, POSSIBLY 10 AND $20,000,000.00 CAPITAL FOR THE PROJECT, AND WHEN WE ARE FINISHED WRAPPING THAT UP, THEY WANT TO HAVE A CONVERSATION ABOUT A 25% DISCOUNT. IS JUST NOT AS A SINGLE STRUCTURE. WE JUST WANT TO SUNSET THE STRUCTURE , GIVE US SOME TIME, MAYBE SIX MONTHS TO MEET INTERNALLY, COME UP WITH A BETTER STRUCTURE THAT A SUSTAINABLE THAT CONSIDERS SOME OF THE NEWER TECHNIQUE SIMPLY BY THE DEVELOPER SO WE CAN MEET THEM WHERE THEY ARE, HAVE GOOD CONVERSATIONS WITH THEM, AND COME UP WITH A PLAN THAT WORKS BOTH FOR THEM AND US , AND ALSO BECAUSE OF THE ABILITY TO DRAW THOSE GOOD CUSTOMERS IN. WE'LL BRING THAT BACK TO THE BOARD FOR DISCUSSION TO TALK ABOUT WHAT THAT NEW DDR STRUCTURE LOOKS LIKE, BUT FOR NOW, IT JUST LOOKS LIKE WHAT WE ARE DEALING WITH IS UNSUSTAINABLE.
WE NEED TO TAKE A BETTER LOOK AT IT.
>> ANY QUESTIONS? >> MY QUESTION TO THE MAYOR, IS THERE ANYTHING ON THE HORIZON FOR IF THEY SENSE OF THIS RESOLUTION THAT MAY IMPACT BUSINESS COMING TO THE CITY?
>> NO, I DON'T THINK SO. I DON'T THINK SO. I MEAN, THE UA HAS ALWAYS HAD THEIR CHARGES, AND THE CITY HAS THEIRS. THE DEVELOPERS KNOW THAT THEY HAVE TO DEAL WITH BOTH, AND WHAT THEY HAVE TO DEAL WITH . IT IS MY UNDERSTANDING THAT THIS WILL BE MORE OF WHAT YOU ARE LOOKING FOR THAT IS MORE OF AN
>> AT LEAST AS IT IS FINALLY TOO SMALL AND BIG BUSINESS.
>> THAT IS ONE OF THE REASONS WE LIKE TO TAKE A LOOK AT IT.
RIGHT NOW, IT KIND OF CONSIDER THE BIGGER BUSINESSES AND GIVES DEEP DISCOUNTS TO THE BIGGER BUSINESSES AS A DRAW TO BRING THEM TO OUR AREA. IT SUNSET, AND THEN THEY PAY THE NORMAL BILL. BUT IT ONLY CONSIDERS THEM. WE NEED AN OPPORTUNITY TO MAKE SURE WE ARE LOOKING ACROSS THE BOARD TO SEE WHAT THAT LOOKS LIKE. WE DID MEET WITH THE EDC, AND WE WILL TALK TO HIM ABOUT WHAT THAT LOOKED LIKE WITH ANY PROJECT THAT THEY HAVE THAT THEY ARE NOT ABLE TO TALK ABOUT RIGHT NOW TO MAKE SURE THAT WE ARE NOT GETTING IN SOMEONE'S WAY TO SPEND SOMEONE'S MONEY TO GET A PROJECT ALMOST READY TO SUBMIT , AND IN HERE, AND THROW THEM THE LAST HOUR. THAT IS NOW THE TABLES ARE THEIR CONCERN. ANYBODY WHO SUBMITTED A CURRENT SITE PLAN RIGHT NOW, ANYONE WITH A SITE PLAN AS OF THE DATE OF US RESENDING THIS, THAT ALSO BE CONSIDERED. WE'LL BRING THEM IN AND HAVE A CONVERSATION ABOUT THE CURRENT EDR IN THE CURRENT STRUCTURE. SO HOPEFULLY, WE ARE CASTING A WIDE ENOUGH NET TO GATHER THOSE FOLKS WHO MIGHT ALREADY BE IN THE MIDDLE OF SOMETHING, AND WE WILL NOT CAUSE THEM ANY GRIEF.
>> MADAM CHAIR? , ONE THAT WE SPOKE ABOUT LAST WEEK AS I WOULD LOVE TO SEE THE COMPARISON OF HOW MUCH HAS BEEN GIVEN TO HELP GROW SOME OF THE STRUCTURES THAT WE DONE RECENTLY. WE HAVE THREE IN THE BOOKS OR WHATEVER COMPARED TO WHAT MAY BE THE CITY AND THE COUNTY HAVE DONE. NOT AS A DIRECT COMPARISON , BUT MAYBE AS A WAY TO HELP US COME UP WITH A CONFERENCE OF PLAN INSTEAD OF BE IT BEING OH, THEY WILL DO A DEAL FOR 25% , AND THE CITY WILL GIVE THEM A DISCOUNT ON THEIR TAX BILL, OR WHATEVER IT IS. MAYBE EVEN LOOKING AT IT FROM A DIFFERENT PERSPECTIVE THAT COULD BRING EVERYBODY TO THE TABLE TO COME UP WITH ONE PACKAGE . THAT MIGHT ALSO BE AN OPTION. I WOULD BE CURIOUS IF YOU GET SOME OF THAT INFORMATION JUST TO KIND OF COMPARE AND SEE WHERE WE WERE. JUST A THAT WE CAN ALSO GO AND SAY HEY, WE
[00:45:02]
EITHER SEE A DISPARAGEMENT IN THE DIFFERENCE , OR MAYBE WE ARE GIVING WAY TOO MUCH, YOU KNOW? WOULD JUST BRING THINGS TO LIGHT. BUT I WOULD BE CURIOUS TO LOOK AT SOME OF THATINFORMATION. >> THAT IS A GREAT IDEA. I THINK THE EDC WOULD BE A GREAT TOOL. I THINK THEY ARE PROBABLY PRETTY KNOWLEDGEABLE. IT IS KIND OF A TRADE SECRET TYPE OF THING. EVERY DEAL IS DIFFERENT, BUT THE EDC UNDER THE GUISE OF SOME LEVEL OF NOT LETTING ALL THE CAT OUT OF THE BAG, I THINK WE CAN GET A GOOD IDEA ON THE LAST FEW PROJECT MAYBE WHAT CAN BE DONE IN THE LAST YEAR OR SO, AND MAYBE WHAT THOSE NUMBERS
LOOK LIKE COMPARATIVELY. >> GREAT, OKAY.
>> MADAM CHAIR, THE CITY HAS A MORTUARY IMPACT THE.
>> RIGHT. >> WE HAVE TO READ THE
RESOLUTION? >> YES, MA'AM, YOU HAVE TO READ THE RESOLUTION IF YOU ARE READY.
>> RESOLUTION NUMBER YOU A 2024-06, A RESOLUTION BY THE FORT PIERCE UTILITIES AUTHORITY, FORT PIERCE FLORIDA, RESCINDING THE ECONOMIC DEVELOPMENT ELECTRIC SERVICE RATE SCHEDULE IN RESOLUTION NUMBER YOU A 2015-13 , AND PROVIDING AN EFFECTIVE DATE OF TODAY.
>> DO I HAVE A MOTION? >> I MOVE TO APPROVE YOU A 2024-06, RESCINDING THE ECONOMIC DEVELOPMENT SERVICE RATE SCHEDULE, EFFECTIVE TODAY.
>> SECOND. >> MADAM CLERK, WE PLEASE CALL
[E.6. PFAS Litigation - Authorization to Retain The Ferraro Law Firm, P.A. as Outside Counsel.]
>> THANK YOU SO MUCH. >> THANK YOU.
>> AND OUR LAST PFA AS LITIGATION FOR THE REGULAR
AGENDA. >> TRAN 27 WILL HANDLE THIS
ONE. >> HELLO, EVERYONE. I'M ALWAYS LESS ON THE AGENDA AS IT SEEMS. THERE IS ADDITIONAL LITIGATION, AND IT SEEMS THAT THERE WILL BE MORE SETTLEMENTS TO OCCUR. THE CLAIMED PROCESS FOR THE SEDIMENTS IS EXPECTED TO LAST OVER 10 YEARS WITH THE POTENTIAL TO FILE ADDITIONAL CLAIM THROUGHOUT THOSE 10 YEARS. THE ITEM BEFORE YOU TODAY REQUESTS BOARD AUTHORIZATION FOR THE LAW FIRM TO REPRESENT THE FPUA AND THE CLAIMS PROCESS, AS WELL AS ANY LITIGATION . THE ATTORNEY IS AT THE LAW FIRM ARE EXPERTS IN THE FIELD OF PFAS LITIGATION, ESPECIALLY FROM UTILITY SAMPLING, AND THEY DO REPRESENT SEVERAL OF THE UTILITIES ACROSS SOUTHERN FLORIDA. STAFF RECOMMENDS APPROVAL OF THE RETAINER AGREEMENT, AND I AM HAPPY TO ANSWER ANY QUESTIONS
YOU MIGHT HAVE. >> IS THERE A TIMEFRAME ON THIS
RETAINER AGREEMENT? >> IT IS WHILE THE LITIGATION IS ACTIVE, ANY CLAIMS PRACTICE IS STILL ACTIVE. IT WILL LAST FOR AS LONG AS THE PROCESS IS GOING.
>> DO I HAVE A MOTION? >> I MOVE TO APPROVE THAT.
>> SECOND. >> MADAM CLERK, WE PLEASE CALL
[F. DIRECTOR COMMENTS]
>> YES. THAT CONCLUDES THE REGULAR AGENDA. ARE THERE ANY,
FROM THE DIRECTOR? >> YES, MA'AM. JUST A FEW HERE. THE NEXT MEETING IS MAY 21ST. IT WAS ORIGINALLY SCHEDULED AS A BUDGET WORKSHOP, BUT I TALKED ALL THE BOARD MEMBERS ABOUT THIS. WE MOVED TO THE BUDGET WORKSHOP TO JUNE 18TH, AND WE'LL MAKE SURE THAT THAT AGENDA GETS UPDATED ON YOUR CALENDAR. BUT WE ARE STILL GOING TO MAINTAIN THE MAY 21ST AGENDA ITEM. THIS IS SOMETHING WE TALKED ABOUT OVER THE LAST COUPLE OF DAYS OR SO, AND THAT IS GOING TO BE TO FACILITATE A JOINT STRATEGIC WORKSHOP BETWEEN THE BOARD AND THE CITY COMMISSION. IT WILL BE, AGAIN, ON MAY 21ST AT THE RIVERWALK CENTER, WHICH IS JUST DOWN THE ROAD HERE, FROM 1:00 TO 4:00 , AND I WILL MAKE SURE I FOLLOW UP WITH ALL OF THE BOARD MEMBERS IN CASE THERE IS ANY ADDITIONAL AGENDA ITEMS THAT WE WOULD LIKE TO ADD. AND THEN WE WILL COORDINATE WITH MR. MIMS AND MRS. COX OF THE CITY TO GET THAT AGENDA PUBLISHED. IT IS A JOINT MEETING, SO IT HAS TO BE ADVERTISED FOR BOTH BOARDS. THE FPUA BUDGET WORKSHOP, AGAIN, WILL BE ON JUNE 18TH , MOST LIKELY IN THE AFTERNOON. AGAIN, THIS WILL BE HOSTED AT THE RIVERWALK CENTER BECAUSE HE MAY 21ST AND JUNE 18TH TIMEFRAME IS
[00:50:02]
MOST LIKELY STILL AN ONGOING TRIAL WITH PRESIDENT TRUMP. SO, OR RESOURCES OF THE ENTITY SERVICES CENTER WILL BE AVAILABLE. WE TRIED TO PICK A DIFFERENT SITE NEAR RIVERS A COLLEGE, AND THEY ALSO DON'T -- THEIR AVAILABILITY IS LIMITED. BUT THE RIVERWALK WAS AVAILABLE. IT'S RIGHT BY THE RIVER, SO IT WOULD BE A GOOD VENUE. WE HAVE DONE MEEINGS THERE BEFORE. THAT IS ALL I HAVE FOR THE BOARD TODAY.>> THANK YOU. >> THAT WAS JUNE 18TH?
>> YES, SIR. JUNE 18TH. >> AND WHERE WAS THE MEETING
GOING TO BE? >> THE RIVERWALK CENTER.
>> SO, BOTH MEETINGS ARE GOING TO BE AT THE RIVERWALK SITE
CENTER? >> WHAT WAS THE DATE OF THE
OTHER ONE? >> MAY 21ST. TWO WEEKS FROM
TODAY. >> ANYONE OF THE 18TH WILL BE
1:00 TO 4:00 ALSO? >> 1:00 TO 4:00 ALSO, YES. YES, MA'AM. JUNE 18TH, BUT IT WORKS OUT. MAY 21ST, STRATEGIC JOINT WORKSHOP WITH THE CITY, AND JUNE 18TH IS OUR BUDGET WORKSHOP. THE FPUA BUDGET WORKSHOP.
[G. BOARD MEMBER COMMENTS]
>> OKAY, THANK YOU SO MUCH. ARE THERE ANY COMMENTS FROM THE
BOARD MEMBERS? >> MADAM CHAIR, I SHOULD HAVE BROUGHT THIS UP EARLIER . OUR WPC RADIO SPOTS , I TALKED TO MR. CISNEROS EARLIER. THEY ARE THE ONLY ONE THAT IS MENTIONED, AND AM WONDERING IF THE STAFF SHOULD INVESTIGATE SOME OF THE OTHER RADIO STATIONS LIKE THE SPANISH-SPEAKING STATION . THIS AFFECTS THE OPERATIONS AT THE MAIN OFFICE, AND I THINK THAT THERE IS A LOT OF DIFFERENT PEOPLE THAT COME INTO THE MAIN OFFICE. SO, THEY NEED TO KNOW THAT THAT SERVICE INTERRUPTION
MIGHT BE HAPPENING. >> YES, MA'AM. WE WILL GET INTO IT. I KNOW WE HAVE SOME OF THOSE AVAILABLE.
>> YEAH, I JUST WANTED TO MAKE SURE WE TRY TO LET AS MANY PEOPLE KNOW, AND NOT EVERYBODY LISTENS TO WQ CS.
>> I WILL ALSO PUT FLYERS IN THE MAILERS OR ON THE DOOR AND
EVERYTHING TWO. >> YEP. OBVIOUSLY SOCIAL MEDIA
AND ALL THAT. >> SOCIAL MEDIA, THE BILLING SERVICE WEBSITE , AND WE WILL USUALLY DO SOME RADIO SPOTS.
>> MADAM CHAIR, I DO HAVE SOMETHING AS WELL. SO, I WAS ABLE TO ATTEND THE FMP A POLICY COMMITTEE MEETING IN APRIL.
WHAT AN INTERESTING MEETING. THERE WAS A PRESENTATION ABOUT NUCLEAR, AND HOPEFULLY , I WILL ASK NOW, BECAUSE I BROUGHT THE FOLLOW-UP AGAIN, TO GET THE PRESENTATION. IT'S SO INTERESTING. WHERE WE ARE HEADING, AND ALSO HOW GOVERNMENT IS PIVOTING , AND HOW THEY ARE PERCEIVING FUTURE GROWTH FOR ELECTRIC. OBVIOUSLY, AT OUR LAST ANNUAL CONFERENCE, WE DID THEY TALK ABOUT NUCLEAR POWER, AND THE STOVE INTO IT EVEN FURTHER. WE SPOKE ABOUT SOME OF THE NUCLEAR SITES THAT ARE BEING BUILT IN THE MIDWEST , WHICH HAVE NEVER BEEN THERE.
IT HAS ALWAYS BEEN COLD IN THE MIDWEST. SO, THE FACT THEY ARE BUILDING WITHOUT BEING ON A WATERWAY FOR COOLING , AND SOME OF THE DIFFERENT WAYS THAT THEY ARE LOOKING TO BUILD THOSE SITES NOW ARE PRETTY IMPRESSIVE. THE ONE THING THAT I DID TAKE OUT AT THAT MEETING , AND I HAD A PRETTY GOOD CONVERSATION , WITH ABOUT THE GREEN ENERGY INITIATIVE , AND COMPARING NUCLEAR TO SOLAR AND WIND , I BELIEVE. THOSE WERE THE ONLY THREE THAT WERE MENTIONED, RIGHT? THE AMOUNT OF ELECTRICITY THAT COMES FROM SOLAR AND WIND RIGHT NOW , IS IT 50%? IT WAS A PRETTY SIGNIFICANT NUMBER , AND I THINK IT WAS ONLY 20% FROM NUCLEAR. THE REST OF IT IS FROM EVERYTHING ELSE. SO, LOOKING AT THOSE THREE DIFFERENT SOURCES OF ELECTRICITY , THE FOOTPRINT THAT IT TAKES THE AMOUNT OF ELECTRICITY THAT IS COMPARABLE TO EACH OTHER THE SIDE OF A NUCLEAR POWER PLANT, FOR EXAMPLE, I THINK IT WAS, LIKE, 120. ANY COST AND OVERALL MAINTENANCE FOR THAT SITE IS ALSO SIGNIFICANTLY LESS. SO, THAT IS WHY I'M HOPING WE CAN MAYBE GET THE SLIDES, BECAUSE SOME OF THOSE NUMBERS AND FIGURES ARE IN THERE. THEY DID DISCUSS SOME OF THE SMALLER PODS AND THINGS THAT WE HAD, YOU KNOW, LEARNED ABOUT IN THE PAST, BUT AS FAR AS RIGHT NOW, THAT WAS NOT REALLY A BIG DISCUSSION POINT. MOST OF THEM WERE ACTUAL PLANTS. SO, HOPEFULLY YOU GUYS WILL BE ABLE TO GET THAT AND SHARE SOME
[00:55:06]
INFORMATION. WE ALSO HAD A CHANCE TO GO TO THE POWERPLANT THERE. THAT USED TO BE, WHAT WAS THE NAME OF THE PLANT? I AMSORRY, I CAN'THER MEMBER. >> FAMILY. A DOOR MEMBER THE
EXACT NAME. >> IT IS LITERALLY THE NEXT-DOOR NEIGHBOR IS UNIVERSAL , AND THEY HAVE, LIKE, ALL OF THEIR CHRISTMAS GEAR IN THERE. IT IS RIGHT IN THE MIDDLE OF AN INDUSTRIAL PARK. IT HAS ZERO LOT LINES, THE TRANSITION LINES ARE LITERALLY RIGHT OUTSIDE NEXT TO ANOTHER WAREHOUSE . I WAS JUST FLOORED WITH THE FACT THAT SO MUCH BUILDING HAD GONE ON RIGHT AROUND THE POWERPLANT, YOU KNOW? AND WHAT HAPPENED WAS THE POWERPLANT HAD BEEN THERE FOR I THINK IT WAS 20, 30 YEARS? AND THEY ACTUALLY WERE SELLING THE POWER TO SOME OF DUKE'S CUSTOMERS. SO, THEY HAD ALL OF THE TRANSMISSION AGREEMENTS AND EVERYTHING ALREADY IN LINE , AND THEN DUKES AGREEMENT RAN OUT, AND THEY WERE ABLE TO MAKE ENOUGH ENERGY THAT THEY DID NOT NEEDED ANYMORE FOR THEIR CUSTOMERS. WE WERE ABLE TO SCOOP IT UP, AND GET A REALLY GREAT DEAL ON AN AMAZING LITTLE PLANTS IN THE MIDDLE OF ORLANDO. SO, THAT IS
THE SYNOPSIS. >> JUST TO ADD TO THAT, NOT TO TAKE AWAY FROM YOUR TIME , I AM NOT SURE I CAN DISCUSS THE DOLLAR AMOUNT YET, BUT I AM SURE I WILL IN THE FUTURE. THE PRICE THAT THEY BOUGHT IT FOR IS PROBABLY JUST THE PRICE OF THE LAND ITSELF. AND AS MS. GIBBONS MENTIONED, IT IS RIGHT NEXT WEEK TRANSITIONS POWER LINE, WHICH WOULD HAVE TO BUILD THAT TODAY, TO BE VERY COSTLY. IT'S NEXT TO TWO TRANSITION GAS PIPELINE CONNECTIONS, WHICH IS SOMETHING YOU HAVE TO BUILD TODAY. ALL OF THOSE THINGS ARE VERY, VERY EXPENSIVE. IT WILL BE USED AS A PEAKING UNIT. WHEN NATIONAL NATURAL GAS IS LOW , THEY WILL USE IT AS A BASELOAD UNIT. GOOD FIND BY FMP A STAFF.
OH, I DON'T MEMBER THE FIRM. IT WAS A PRIVATE POWER
PRODUCER. >> THEY WERE AN EQUITY FIRM I BELIEVE, YEAH. SO, THEY ALSO KEPT THE EMPLOYEES THAT WERE THERE, AND SEVERAL OF THEM HAD BEEN THERE FOR 20+ YEARS. SOME OF THEM HAD BEEN THERE SINCE THE PLACE WAS BUILT. IT WAS
VERY REFRESHING. >> YEAH, YEAH, YEAH.
>> WE WILL MAKE SURE TO GET THE POWERPOINT TO YOU. THANK YOU
FOR REMINDING ME. YEP. >> I WATCHED IT AT HOME. OF COURSE I GOT DISTRACTED, BUT I TRIED TO WATCH MOST OF IT AT
HOME. OKAY. >> THANK YOU SO MUCH FOR SHARING. ARE THERE ANY COMMENTS FROM THE ATTORNEY?
>> NO, THANK YOU. >> OKAY. I AM SEEING THERE IS NO FURTHER COMMENTS. THE FP
* This transcript was compiled from uncorrected Closed Captioning.