[00:00:22]
PRAYER? WHICH DO WE DO FIRST? WHO DO WE
>> LET'S PRAY, GOD, WE THANK YOU FOR THIS DAY, THE GRACE YOU'VE GIVEN US, AND WE PRAY THIS GRACE WILL LEAD US, THE LEADERS OF FPUA, AS THEY GATHER AND MAKE DECISIONS. WE PRAY THOSE DECISIONS ARE GUIDED BY THAT GRACE AND YOUR KNOWLEDGE AND WE PRAY, GOD, THAT RESULTS FOR THE GOOD FOR FORT PIERCE AND SURROUNDING AREAS. IN CHRIST'S NAME
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.
>> ALL RIGHT, WANT TO PLEASE CALL THE
[A. SET THE AGENDA]
>> AND MOTION TO SET THE AGENDA.
>> DO WE HAVE COMMENTS FROM THE PUBLIC TODAY? IF SO COME TO THE PODIUM FOR TWO TO THREE MINUTES
[C. APPROVAL OF MINUTES]
TO SPEAK. NOT SEEING ANY MOVEMENT SO WE'RE GOING TO CLOSE THE COMMENT SECTION FOR TODAY'S MEETING AND MOVE ON TO APPROVAL OF THE MEETING MINUTES.[D. CONSENT AGENDA]
>> YES, MA'AM. >> NOW CONSENT AGENDA, DO WE NEED TO WITHDRAW?
>> MOTION FROM MS. BENNETT AND A
[E.1. Strategic Planning Workshop Final Report]
SECOND. CALL ROLL.>> WE HAVE A HEFTY AGENDA. THE FIRST ITEM IS A REQUEST TO APPROVE THE FINAL REPORT FOR THE 2025 STRATEGIC PLAN.
IT WAS FINALIZED WITH INPUT FROM THE BOARD AND STAFF IN THE AUGUST WORKSHOP THIS YEAR. MARK WILL PRESENT THIS ITEM.
GREAT TO BE BACK IN FORT PIERCE. HAPPY TO PRESENT YOUR FINAL REPORT ON YOUR STRATEGIC PLANNING PROJECT FOR 2025.
I HAVE A PRESENTATION FOR YOU TODAY, DIVIDED IN THREE MAIN PARTS. FIRST THE WHY, HOW, AND RESULTS YOU PRODUCED. A PROJECT RECAP.
THEN WE HAVE SOME DECISIONS BEFORE YOU TODAY, ASKING YOU TO REAFFIRM YOUR MISSION STATEMENT, APPROVE YOUR NEW VALUE STATEMENT AND ALSO APPROVE THE GOALS AND STRATEGIES YOU DEVELOPED DURING THE STRATEGIC PLANNING WORKSHOP.
THEN I'LL CLOSE WITH SOME DISCUSSIONS ABOUT NEXT STEPS. AFTER YOU APPROVE THE PLAN, WE'LL TALK A LITTLE BIT ABOUT PREPARING TO SUPPORT THE IMPLEMENTATION OF YOUR STRATEGIC PLAN.
I'VE BEEN IN ORGANIZATIONS THAT HAVE HAD STRATEGIC PLANS AND THOSE THAT DID NOT. I CAN TELL YOU, THERE IS A BIG DIFFERENCE. IN ORGANIZATIONS WHERE THEY DID NOT HAVE A STRATEGIC PLAN THERE, WAS NO COORDINATED EFFORT TO WORK WITH THE BOARD AND STAFF TO DEVELOP A PLAN.
JUST SEEMS LIKE THE PEOPLE IN THE ORGANIZATION, WELL MEANING AS THEY WERE, WERE PURSUING THEIR OWN EFFORTS, A LITTLE HAPHAZARD, LIKE FIRST TIME CANOERS, PING- PONGING DOWN A RIVER WILLY NILLY THANKING SIDES AND WHATNOT. BUT ORGANIZATIONS THAT DO HAVE A STRATEGIC PLAN, A DELIBERATE EFFORT TO ENGAGE THE GOVERNING BOARD AND SENIOR STAFF DEVELOPING THE PLAN, TO CREATE CONSENSUS AROUND THE GOALS AND STRATEGIES, THERE'S A MEANINGFUL DIFFERENCE IN HOW THAT ORGANIZATION OPERATES AND THE TYPE OF RESULTS IT PRODUCES.
IN MY MIND, I'VE SEEN IT GO FROM AN ORGANIZATION WHERE EVERYBODY IS DOING THEIR OWN THING TO EVERYBODY UNDERSTANDS THE OBJECTIVES OF THE ORGANIZATION, IS PULLING IN THE SAME
[00:05:01]
DIRECTION. AND IT TURNS THAT TYPE OF ORGANIZATION FROM FIRST- TIME CANOERS INTO A COLLEGIATE ROWING TEAM WHERE EVERYBODY UNDERSTANDS THE OBJECTIVE, THEY'RE PULLING IN THE SAME DIRECTION, THE MOMENTUM IS FELT THROUGHOUT THE ORGANIZATION, AND THEY'RE MOVING THE BOAT FASTER THAN ANY ONE PERSON COULD ON THEIR OWN.THAT'S WHY STRATEGIC PLANNING MATTERS. IT HELPS DEVELOP A SHARED VISION FOR THE ORGANIZATION, IT BUILDS CONSENSUS ON THE GOALS, IT DEVELOPS ACTIONABLE STRATEGIES, IT FOSTERS ALIGNMENT AMONG THE GOVERNING BOARD AND THE STAFF, AND IT PROVIDES A ROAD MAP TO MOVE FORWARD IN A COORDINATED EFFORT AND PROVIDES GUIDELINES FOR DECISION MAKING.
IN THIS AREA OF CHANGES AND CHALLENGES AND CHOICES IN THE ELECTRIC UTILITY INDUSTRY, IT'S NEVER BEEN MORE IMPORTANT FOR UTILITY LEADERS LIKE YOURSELVES TO DO THREE THINGS. ONE, DEFINE A COMPELLING PURPOSE FOR THE ORGANIZATION. IN OTHER WORDS, WHY ARE WE HERE, WHAT ARE WE TRYING TO ACCOMPLISH, HOW WILL WE KNOW WHEN WE'RE SUCCESSFUL.
IT'S CRITICAL FOR LEADERS LIKE YOURSELVES TO ARTICULATE THIS VISION FOR THE PEOPLE IN YOUR UTILITY. SECONDLY, IT'S IMPORTANT TO IDENTIFY THE MOST IMPORTANT STRATEGIES FOR SUCCESS.
THERE'S MANY THINGS YOUR ORGANIZATION COULD DO, BUT WHAT IS THE CONSENSUS ABOUT WHAT IS MOST IMPORTANT FOR THE ORGANIZATION'S SUCCESS NOW.
AND THEN THIRDLY, YOU NEED TO UNLEASH YOUR TEAM'S TALENT ON WHAT MATTERS MOST. NO ONE PERSON IN THE ORGANIZATION IS GOING TO BE ABLE TO DO THIS ALL THEMSELVES.
IT NATURALLY TAKES A TEAM EFFORT.
BUT WHEN THE TEAM IS WORKING IN CONCERT TOWARDS THE SAME GOALS, IT MAKES A DIFFERENCE IN THE RESULTS THAT ARE PRODUCED.
I'M PROUD THAT YOU ALL RECOGNIZE THE IMPORTANCE OF STRATEGIC PLANNING. I'M PROUD THAT YOU ARE PUTTING THESE THREE ELEMENTS IN PLACE TODAY BY ADOPTING YOUR STRATEGIC PLAN. I KNOW I'M BIASED, BUT I THINK ONE OF THE MOST ESSENTIAL OUTCOMES OF AN EFFECTIVE STRATEGIC PLANNING PROCESS IS ESTABLISHING THESE THREE PRINCIPLES.
JUST A BRIEF OVERVIEW OF THE STRATEGIC PLANNING PROCESS WE USED HERE IN 2025. YOU RECALL THERE WERE FOUR MAINMAIN PHASES -- BRAINSTORMING, RANKING -- ONLINE SURVEY AND THEY'VE BEEN IN THE SPACE WHERE THEY WRITE THE TYPE OF GOALS AND STRATEGIES IN PRIORITY. THEN THE SHORTLISTING PHASE.
EACH GOAL. THEN THAT POWERPOINT WAS PRESENTED AT THE STRATEGIC PLANNING WORKSHOP ON AUGUST 19TH AND WE HAD A GREAT DISCUSSION AMONG THE BOARD AND STAFF TO COME UP WITH MISSION, VALUES, GOALS AND STRATEGIES.
THE BOARD'S INPUT WAS IMPORTANT THROUGHOUT THE PROCESS. YOU RECALL EARLY ON I HAD INDIVIDUAL PHONE CONVERSATIONS WITH EACH OF THE BOARD MEMBERS, WHICH WAS EXTREMELY HELPFUL, THANK YOU FOR YOUR TIME DOING THAT. THE BOARD PARTICIPATED IN RANKING POTENTIAL GOALS AND STRATEGIES AS WELL AS OFFERING ADDITIONAL SUGGESTIONS IN THE RANKING SURVEY. THE BOARD REVIEWED THE STAFF SHORTLIST RECOMMENDATION, AND PROVIDED FEEDBACK.
THEN OF COURSE THE BOARD MADE FINAL DECISIONS ON THE MISSION, VALUES, GOALS AND STRATEGIES. BRIEFLY, A LITTLE BIT ABOUT THE STRATEGIC PLANNING TERMS WE USED THROUGHOUT THE PROCESS AND HERE TODAY, I'VE GONE OVER THIS WITH YOU IN THE PAST BUT JUST BRIEFLY, I GUESS -- WE WERE FOCUSED ON MISSION, WHICH IS THE STATEMENT OF THE OVERALL PURPOSE OF THE ORGANIZATION. THE VALUES, YOU WANTED TO CREATE VALUES FOR THE FIRST TIME, THOSE ARE GENERAL GUIDELINES THAT SET THE FOUNDATION FOR HOW THE ORGANIZATION OPERATES. AND NOW WE WERE ESTABLISHING MAJOR GOALS FOR A UTILITY, THOSE ARE BROAD LONG- TERM AIMS THAT DEFINE ACCOMPLISHMENT OF THE MISSION. UNDERNEATH GOALS WE USED THE WORD STRATEGIES. THOSE ARE BROAD, STILL SOMEWHAT BROAD ACTIVITIES REQUIRED TO ACHIEVE A GOAL. UNDERNEATH STRATEGIES ARE ACTION PLANS, SPECIFIC STEPS TAKEN BY WHOM AND WHEN TO IMPLEMENT A STRATEGY. YOU RECALL, WE WERE TRYING TO
[00:10:03]
FOCUS, WORKING WITH THE BOARD MAINLY AT THE STRATEGIC LEVEL. MISSION, VALUES, GOALS AND STRATEGIES. ACTION PLANS ARE TYPICALLY THE DOMAIN OF MANAGEMENT. IF THE BOARD HOLDS THE STAFF ACCOUNTABLE FOR ACCOMPLISHING GOALS AND STRATEGIES, GENERALLY YOU DON'T HAVE TO GET DEEP INTO THE ACTION PLANS.SO THE MAIN OBJECTIVE OF THE STRATEGIC PLANNING WORKSHOP WAS THESE THREE THINGS. FIRST, WE WANTED TO REVIEW THE WE WANTED TO ADOPT VALUE STATEMENTS. SECOND, WE WANTED TO ESTABLISH LONG- RANGE GOALS. THIRD, IDENTIFY STRATEGIES TO ACHIEVE THOSE GOALS.
THE PLANNING PROCESS WAS REALLY FOCUSED AT THIS STRATEGIC LEVEL WITH ACTION PLANS AND MEASURES TO FOLLOW ONCE THE PLAN IS APPROVED.
AS PART OF THE BRAINSTORMING PROCESS, WE WENT THROUGH A STRENGTHS, WEAKNESSES, AND OPPORTUNITIES EXERCISE, AND DEVELOPED THIS S.W.A.T. ANALYSIS AS IT'S OFTEN CALLED, WORKING WITH YOUR SENIOR LEADERS, BASED ON THEIR INPUT IN THE BRAINSTORMING PROCESS.
I LISTED THE STRENGTHS AND WEAKNESSES AND WE KEPT THEM TO THE TOP FEW ELEMENTS THAT SURFACED IN EACH AREA IN ORDER TO PROVIDE CLARITY AND FOCUS.
YOU'LL SEE IN THE GOALS AND STRATEGIES YOU ALL DEVELOPED IN THIS PLAN THAT WE TOOK MANY OF THESE STRENGTHS AND WEAKNESSES TO HEART AS WE DEVELOPED THE GOALS AND STRATEGIES. I WON'T GO OVER THOSE IN DETAIL BUT YOU'LL SEE LATER THESE WERE VERY INFLUENTIAL IN CREATING THE GOALS AND THE STRATEGIES. ALSO I HAVE A SLIDE HERE OF THE OPPORTUNITIES AND THREATS. ONCE AGAIN, THESE WERE DEVELOPED BY STAFF DURING BRAINSTORMING PHASE.
WE LIMITED IT TO TOP FIVE. OPPORTUNITIES IN PARTICULAR WERE VERY MUCH A PART OF CREATING GOALS AND STRATEGIES YOU HAVE IN YOUR PLAN.
WE ALSO TOOK A LOOK AT YOUR THREATS AS WELL TO SEE WHAT WE COULD DO TO KEEP THOSE FROM BECOMING AN ISSUE. MOVING ON TO TALKING ABOUT THE MISSION. DURING THE RANKING SURVEY WE ASKED PEOPLE HOW THEY FELT ABOUT THE MISSION STATEMENT FOR FPUA.
AS YOU RECALL, IT GOT A VERY HIGH LEVEL OF SUPPORT AT THE STRATEGIC PLANNING WORKSHOP. WE DISCUSSED IF YOU WANTED TO MAKE ANY CHANGES, AND THE BOARD AGREED TO KEEP IT AS IT WAS. TO PROVIDE YOUR CUSTOMERS WITH ECONOMICAL, RELIABLE, FRIENDLY SERVICE IN A CONTINUOUS EFFORT TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY. LATER IN THE PRESENTATION, ONE OF THE ACTION ITEMS WE'RE REQUESTING OF YOU TODAY IS REAFFIRM YOUR SUPPORT FOR FPUA'S MISSION STATEMENT. AS PART OF THIS PROCESS, I MENTIONED, YOU ALSO WANTED TO DEVELOP A VALUE STATEMENT.
WE WORKED WITH YOUR STAFF DURING THE BRAINSTORMING PROCESS TO COME UP WITH THESE VALUE STATEMENTS AND INCLUDED THEM IN THE RANKING SURVEY AND ASKED PEOPLE FOR FEEDBACK. THESE, TOO, GOT VERY HIGH MARKS, COMING OUT OF THE BLOCK, BUT I THINK THAT'S BECAUSE THEY WERE DEVELOPED WITH INPUT FROM SOME FOCUS GROUPS YOU'VE HAD WITH MEMBERS OF YOUR STAFF.
I THINK THESE ARE QUALITIES THAT MANY OF YOUR STAFF MEMBERS THINK YOUR UTILITY IS ALREADY WELL KNOWN FOR AND KNOWN FOR IN THE COMMUNITY AS WELL.
WE HAD A DISCUSSION ABOUT THESE AT THE STRATEGIC PLANNING WORKSHOP. WE ALL MADE SLIGHT CHANGES TO THE WORDING. YOU SEE THEM ON THE SCREEN AND WE'LL GO THROUGH THEM. PART OF THE APPROVAL FROM THE BOARD IS TO REQUEST YOUR APPROVAL FOR THE NEW VALUE STATEMENTS FOR FPUA. STOP ME IF YOU HAVE QUESTIONS ALONG THE WAY. BUT IN THE INTEREST OF TIME I'LL KEEP MOVING ALONG. COMING OUT OF THE STRATEGIC PLANNING WORKSHOP WE ALL DISCUSSED FIVE GOALS FOR FPUA IN THE COMING YEAR.
YOU SEE THOSE REFLECTED HERE ON THE SCREEN.
ONE IS AROUND MODERNIZATION, MODERNIZING UTILITY SYSTEMS AND TECHNOLOGY TO IMPROVE RELIABILITY, EFFICIENCY AND LONG-TERM SERVICE DELIVERY. ALSO RELATED TO WORK FORCE, ATTRACT, DEVELOP AND RETAIN SKILLED EMPLOYEES TO ENSURE A HIGH- PERFORMING FUTURE READY WORK FORCE. THE THIRD GOAL AOUND CUSTOMER RELATIONS. ENHANCE CUSTOMER EXPERIENCE THROUGH ACCESSIBLE SERVICES, RESPONSIBLE SUPPORT, EDUCATION AND CLEAR COMMUNICATIONS. FOURTH GOAL AROUND GROWTH, PROACTIVELY EXPAND AND ALIN UTILITY SERVICES WITH THE AREA'S ECONOMIC GROWTH AND DEVELOPMENT.
[00:15:03]
FINALLY AROUND ORGANIZATIONAL DEVELOPMENT.BUILD A FLEXIBLE AND RESPONSIVE ORGANIZATION THAT CAN ADAPT TO CHANGE AND DRIVE CONTINUOUS IMPROVEMENT. HERE WE HAVE STRATEGIES FOR GOAL A AROUND MODERNIZATION. YOU CAME UP WITH FOUR STRATEGIES, ONE REGARDING HARDENING INFRASTRUCTURE, THE SECOND AROUND SECURITY, PARTICULARLY CYBERSECURITY INFRASTRUCTURE, AND TRAINING TO PROTECT DIGITAL AND PHYSICAL THREATS TO YOUR SYSTEM. THE THIRD STRATEGY WAS AMI DEPLOYMENT AND THE FOURTH DIGITAL SYSTEMS. IN OTHER WORDS, IMPLEMENTING INTEGRATED DIGITAL PLATFORMS TO STREAMLINE WORK FLOWS, IMPROVE DATA SHARING AND STRENGTHEN DECISION MAKING.
SECOND GOAL AROUND WORK FORCE, FOUR STRATEGIES.
FIRST HAD TO DO WITH SUCCESSION PLANNING.
THE SECOND WITH RECRUITMENT AND RETENTION. THIRD WITH TRAINING, FOURTH WITH SAFETY. CULTIVATING A POSITIVE SAFETY CULTURE IN THE ORGANIZATION.
MOVING ON TO THE THIRD GOAL, RELATED TO CUSTOMER RELATIONS, YOU HAVE THREE STRATEGIES.
ONE ON CUSTOMER COMMUNICATIONS, EXPANDING DIGITAL INTERACTION OPTIONS TO MEET EVOLVING CUSTOMER EXPECTATIONS WHILE MAINTAINING TRADITIONAL METHODS.
SECOND STRATEGY WAS RELATED TO UTILITY BILLING, REIMAGINING YOUR CUSTOMER BILL TO HELP THEM BETTER UNDERSTAND THE CHARGES AND RATE STRUCTURES. THIRD WAS OUTREACH AND ENGAGEMENT WITH YOUR CUSTOMERS.
THE NEXT GOAL HAD TO DO WITH GROWTH. YOU CAME UP WITH FIVE MAJOR STRATEGIES HERE. THE FIRST ONE, I WANT TO HIGHLIGHT THIS, YOU MAY RECALL DURING THE STRATEGIC PLANNING WORKSHOP, THE VERY FIRST ONE WAS WORDED SLIGHTLY DIFFERENT. IT WAS WORDED AS WASTEWATER RELOCATION. SOMEBODY HAD MENTIONED, ON THE BOARD MENTIONED DURING THE DISCUSSION THEY THOUGHT THAT WAS MAYBE PHRASED TOO MUCH LIKE AN ACTION ITEM. WE THOUGHT ABOUT THAT AND THOUGHT IT WAS A GOOD POINT, SO WE TWEAKED THIS A LITTLE BIT.
CHANGED FROM WASTEWATER RELOCATION AND NOW SAYS MAJOR CAPITAL PROJECTS, BUT STILL INCORPORATES THE IMPORTANCE OF MOVING FORWARD WITH WASTEWATER TREATMENT. SUCCESSFULLY COMPLETE MAJOR CAPITAL PROJECTS, SPECIFICALLY THE RELOCATION OF THE ISLAND WASTEWATER TREATMENT PLAN. I THINK REWORDING IT STILL CAPTURES THE IMPORTANCE OF THE MAJOR PROJECTS THE NEXT COUPLE OF YEARS, VERY IMPORTANT. AND THE LOCATION OF THE WASTEWATER TREATMENT PLANT BEING ONE OF THOSE. I WANTED TO HIGHLIGHT THAT CHANGE FROM YOU COMING OUT OF THE WORKSHOP.
ALL THE OTHERS ARE THE SAME. THEN WE HAVE HERE STRATEGIES AROUND ELECTRIC CAPACITY, ONE AROUND SERVICE AREA.
THAT'S EXPANDING. GAS, FIBER, WATER AND WASTEWATER SERVICES TO MEET NEW DEVELOPMENT NEEDS AND SUPPORT INFILL GROWTH. FOURTH STRATEGY WAS AROUND CAPITAL IMPROVEMENT PLANNING AND THE FIFTH AROUND GRANT FUNDING. THEN THE FINAL GOAL WAS AROUND ORGANIZATIONAL DEVELOPMENT. YOU CAME UP WITH FOUR STRATEGIES, ONE AROUND INTERNAL PROCESSES, REVIEWING AND SIMPLIFYING OPERATIONAL AND ADMINISTRATIVE PROCESSES TO REDUCE INEFFICIENCIES, MANUAL TASKS, AND IMPROVE DECISION MAKING. YOU CAME UP WITH A STRATEGY AROUND INNOVATION, FOSTERING AN ENVIRONMENT AND CULTURE THAT ENCOURAGES INNOVATION, COLLABORATION AND CONTINUOUS IMPROVEMENT.
THIRD AROUND KNOWLEDGE CONTINUITY, ENSURING THAT CONTINUITY BE PRESERVED BY TRANSFERRING INSTITUTIONAL KNOWLEDGE THROUGHOUT.
AND COMMUNICATION, STRENGTHENING WORKPLACE CULTURE THROUGH EFFECTIVE COMMUNICATION AND ENGAGEMENT. THE NEXT SLIDE TALKS ABOUT WHAT COMES NEXT, THE IMPLEMENTATION PHASE. IT'S ONE THING TO DEVELOP A STRATEGIC PLAN. AS YOU ALL DID IN YOUR WORKSHOP.
BUT THE END OF THE DEVELOPMENT PROCESS IS REALLY JUST THE BEGINNING OF THE IMPLEMENTATION PHASE. WE ALL KNOW THAT NOBODY WANTS THEIR STRATEGIC PLAN TO END UPUP THAT PROVERBIAL PLAN STUCK ON A SHELF GATHERING DUST SOMEWHERE. YOU NEED TO THINK ABOUT, PLAN FOR, AND SUPPORT YOUR IMPLEMENTATION PHASE.
WHAT DOES THAT LOOK LIKE? BRIEFLY HERE, I JUST WOULD ENCOURAGE YOU, AS YOUR ATTENTION TURNS FROM APPROVING
[00:20:04]
THE PLAN TO THINKING ABOUT IMPLEMENTATION, I THINK THERE ARE THREE MAIN THINGS IMPORTANT TO DO IN THIS NEXT PHASE. FIRST OF ALL COMES WHAT THE STAFF WILL DO TO HELP IMPLEMENT THE PLAN.THAT INCLUDES DEVELOPING ACTION PLANS FOR EACH OF THE APPROVED STRATEGIES. AS PART OF THAT THEY'LL COME UP WITH TIME LINES AND MILESTONES FOR THE ACTIONS THEYTHEY TO TAKE. THEY'LL NEED TO ASSIGN RESPONSIBILITY FOR THOSE ACTION PLANS TO PEOPLE IN THE ORGANIZATION TO ENSURE ACCOUNTABILITY AND THAT THINGS GET DONE. YOU'LL WANT TO TAKE A LOOK AT YOUR BUDGET AND SEE WHAT BUDGET IMPLICATIONS YOUR NEW STRATEGIC PLAN HAS.
THEN COME UP WITH SOME TYPE OF PROJECT MANAGEMENT TYPE APPROAC TO FOLLOW THROUGH WITH YOUR STAFF ON THE ACTION PLANS. TO MAKE SURE THERE'S ACCOUNTABILITY AND THINGS ARE MOVING FORWARD. ALSO IN THE IMPLEMENTATION PHASE, YOU MAY WANT TO THINK ABOUT COMMUNICATING THE PLAN. CERTAINLY IT'S IMPORTANT TO COMMUNICATE THE PLAN INTERNALLY, MAKE SURE THE ENTIRE FPUA STAFF UNDERSTANDS THE PLAN AND THEIR ROLE IN IT AND YOUR DESIRE TO HAVE THEM EXECUTE THAT PLAN. YOU MAY WANT TO TAKE A LOOK AT COMMUNICATING EXTERNALLY, HOW YOU WANT TO SHARE THE UTILITY'S PLANS AND PRIORITIES WITH YOUR PRIORITY OR STAKEHOLDERS IN YOUR COMMUNITY. THEN YOU WANT TO FOSTER ONGOING SUPPORT AND ADDRESS ANY FEEDBACK YOU GET INTERNALLY AND EXTERNALLY AS YOU SEEK TO IMPLEMENT YOUR PLAN.
THEN THERE'S A THIRD PART OF THE IMPLEMENTATION PHASE, WHERE THE BOARD IS VERY MUCH INVOLVED AS WELL. THAT COMES WITH MONITORING AND EVALUATING THE IMPLEMENTATION OF THE PLAN.
IF YOU WANT, YOU MAY LOOK TO YOUR STAFF TO DEVELOP SOME KEY PERFORMANCE INDICATORS FOR YOUR MAJOR GOAL AREAS OR PERHAPS SOME TYPE OF SCORECARD THAT HELPS SHOW YOU HOW THEY'RE DOING WITH IMPLEMENT. ARE THEY MAKING PROCESS ACHIEVING THOSE GOALS? YOU MAY WANT REGULAR PROGRESS REPORTS FROM YOUR STAFF.
I THINK IT WOULD BE A GREAT IDEA FOR THE BOARD AND STAFF TO REPORT PERIODICALLY ON HOW THEY'RE DOING.
NOTHING ENCOURAGES ACCOUNTABILITY MORE THAN A PERIODIC REPORT BACK TO THE BOARD WHERE THE STAFF KNOWS THEY HAVE TO MAKE A PRESENTATION AND TALK ABOUT WHAT THEY'VE BEEN DOING TO ACCOMPLISH PARTICULAR GOALS AND STRATEGIES AND GIVING YOU AN OPPORTUNITY TO ASK QUESTIONS AND PROVIDE FEEDBACK.
AND OF COURSE, NO STRATEGIC PLAN IS STATIC.
YOU MAY NEED TO CHECK IN ON YOUR PLAN ONCE A YEAR OR SO TOTO ADJUSTMENTS AS NEEDED. SO THIS IS MY LAST SLIDE.
WE'RE TO THE DECISION POINT, THE ACTION WE'RE LOOKING FOR TODAY IS TO REAFFIRM FPUA'S EXISTING MISSION STATEMENT, TO APPROVE THE NEW VALUES STATEMENT, AND TO APPROVE THE GOALS AND STRATEGIES THAT CAME OUT OF THE STRATEGIC PLANNING WORKSHOP AS PRESENTED HERE IN THIS PRESENTATION. THEN AFTER YOU APPROVE THE PLAN, I THINK THE NEXT STEPS THAT WE SHOW ON THE SLIDE, THE STAFF WILL BEGIN DEVELOPING AND REFINING ACTION PLANS, AND THEY'LL DEVELOP BUDGET IMPLICATIONS, PERHAPS YOU'LL WANT TO DO STAKEHOLDER COMMUNICATIONS, AND THEN COME UP WITH A PLAN FOR PERIODIC REPORTS BACK TO THE UTILITY AUTHORITY.
THAT CONCLUDES MY PRESENTATION. HAPPY TO TAKE QUESTIONS.
>> ANY QUESTIONS FROM THE BOARD MEMBERS?
>> NOT NECESSARILY A QUESTION, THANK YOU SO MUCH THIS WAS A WELL-WRITTEN AND OUTLINED PRESENTATION OF THE STRATEGIC PLANS. BUT I NOTICED IN THE EARLY PART OF YOUR PRESENTATION, ONE THING NOTED AS A CHALLENGE, I THINK YOU REFERENCED IT LIKELY AS A WEAKNESS, TO BE ABLE TO CAPTURE AND RETAIN QUALIFIED INDIVIDUALS IN SOME OF THE ROWS. IF THAT'S BEEN AN ONGOING CHALLENGE, WHAT I WAS HOPING TO SEE IN THIS PRESENTATIONPRESENTATION IT RELATES TO ACTIONS WE WOULD TAKE TO, YOU KNOW, TAKE CARE OF THAT, WOULD BE TO SET ASIDE FOR FORMAL EDUCATION AND/OR CREATING A MENTORSHIP WITHIN THE
YEAH. I WENT BACK TO THIS SLIDE ON GOAL B FOR THE WORK FORCE, AND WE SEE FOUR STRATEGIES HERE.
WE DO HAVE A STRATEGY ON RECRUITMENT AND RETENTION.
[00:25:04]
THAT'S REFINING YOUR RECRUITMENT AND COMPENSATION STRATEGIES TO ATTRACT AND RETAIN TOP TALENT IN A COMPETITIVE LABOR MARKET. YOU ALSO SEE STRATEGY THREE HERE RELATED TO TRAINING. PUTTING FORTH A STRATEGY FOR YOUR STAFF TO PROVIDE TRAINING AND CROSS- FUNCTIONAL LEARNING OPPORTUNITIES TO BUILD COMPETENCIES AND PROMOTE PROFESSIONAL GROWTH.>> SO WITHIN THAT STATEMENT, ALL THAT I SAID ENCOMPASSED AS IT RELATES TO SEEKING OUT AND PROVIDING SPECIALIZED TRAINING?
>> AND ALSO SUCCESSION PLANNING IS AN IMPORTANT ELEMENT OF THIS AS WELL. I THINK THESE THREE STRATEGIES TOGETHER GET TO THE WORK FORCE GOAL YOU HAVE IN THE COLORED BOX -- TO ATTRACT, DEVELOP AND RETAIN SKILLED EMPLOYEES TO ENSURE A HIGH- PERFORMING, FUTURE- READY WORK FORCE. YOU'VE IDENTIFIED THESE STRATEGIES, NOW IT'S UP FOR THE STAFF TO COME UP WITH SPECIFIC ACTION PLANS FOR EACH OF THESE STRATEGIES. THEY WOULD TAKE EACH STRATEGY, SAY FOR RECRUITMENT AND RETENTION, WHAT ARE WE GOING TO DO IN ORDER TO ACCOMPLISH THAT
STRATEGY. >> OKAY, THAT WOULD BE PART OF THE ACTION PLAN.
>> YES, THANK YOU FOR RAISING THAT QUESTION. IT GIVES ME THE OPPORTUNITY TO EMPHASIZE AGAIN THAT THE ACTION PLANS ARE VERY IMPORTANT AS WELL. THAT'S A BIG PART OF THE IMPLEMENTATION PROCESS, BUT THEY TYPICALLY COME ONCE THE PLAN IS APPROVED, ONCE THE GOVERNING BOARD APPROVES THE GOALS AND STRATEGIES AND SET THEM IN STONE, IT'S TIME FOR THE STAFF TO DEVELOP THE ACTION PLANS AND HOW TO IMPLEMENT THOSE THINGS TO ACHIEVE THE STRATEGIES AND ACCOMPLISH THE GOAL.
>> IF I MAY ADD, MS. DAVIS AND BOARD MEMBERS, THERE'S AN OVERLAP BETWEEN THE 2023 AND 2025 PLANS.
SOME OF THE ACTION ITEMS WE CONSIDER DEVELOPING, WE'RE ALREADY DOING THOSE AND CAN REFINE THEM EVEN MORE WITH THE NEW 2025 STRATEGIC PLAN.
THERE IS OVERLAP BETWEEN OLD AND NEW, AND SPECIFICALLY TO YOUR QUESTION, WE'RE IMPLEMENTING A COUPLE OF THINGS RIGHT NOW WITH LEADERSHIP TRAINING AND A NEWNEW PAY FOR PERFORMANCE PROGRAM.
>> ONE OF THE THINGS THAT ORGANIZATIONS SOMETIMES DO, AND THIS MIGHT BE LABOR INTENSIVE, BUT WE OUGHT TO KEEP IT IN MIND. EVERY SINGLE BOARD MEETING WE SHOULD BE DOING SOMETHING ON THESE GOALS, CORRECT? SO THEY SHOULD -- I DON'T KNOW THAT YOU WANT TO ACTUALLY TIE EVERY SINGLE ITEM ON THE AGENDA, BUT AT SOME POINT MAYBE, PERIODIC QUARTERLY REPORT OR SOMETHING, WE SAY OH, LOOK WHAT WE'VE ACCOMPLISHED ON OUR GOALS AND ACTIONS.
>> BOTH ON THE SAME PAGE, THINKING ABOUT SOME TYPE OF QUARTERLY REPORT, EITHER CONSENT AGENDA OR PRESENTATION TO THE BOARD ON THE ACTION ITEMS DEVELOPED AND THE STATUS OF THOSE ACTION ITEMS. SOME OF THE ACTION ITEMS, WE MAY NOT DEVELOP IT UNTIL WE COMPLETE OTHERS. REALLY, THE STAFF HAS DONE A FANTASTIC JOB OF -- HERE'S A NEW ACTION ITEM. GO WITH IT, RUN WITH IT, ENDS UP BEING VERY SUCESSFUL. GOT A VERY CREATIVE TEAM THAT CONSISTENTLY IS WORKING ON NEW
ACTION ITEMS. >> THEORETICALLY, SHOULDN'T EVERY SINGLE ITEM ON THISTHIS FIT IN HERE SOMEWHERE?
>> RIGHT ON. TODAY WE HAVE REQUEST FOR SUBST THAT'S PART OF GROWTH. AND THERE'S OTHERS.
>> MR. CHAIR, AS I'M THINKING ABOUT THIS, WE DID A REALLY GOOD JOB IN 2023 I THINK, EACH DEPARTMENT HEAD GIVINGGIVING A PRESENTATION ON WHAT THEIR ACTION ITEMS WERE GOING TO BE TO ACHIEVE THE GOALS WITHIN THAT. I THINK, IF I REMEMBER CORRECTLY, THEY WERE DOING THAT FAIRLY REGULARLY.
MIGHT HAVE ONLY BEEN ONCE A YEAR PER DEPARTMENT KIND OF THING. BUT TO THE MAYOR'S POINT, ALMOST WOULD BE NICE TO HAVE SOME AGENDA COLOR CODED, TOO.
[00:30:01]
WITHIN EACH THINGS, A COLOR THAT GOES WITH THEM.MAY BE NICE TO SEE WHERE THOSETHOSE IN, JUST AS A CLEAR REMINDER, YES, THIS IS WHERE WE'RE GOING AND WHY.
>> SO, GREAT IDEA. STEFANIE AND I WERE JUST TALKING ABOUT CHANGE THE FORMAT OF THE AGENDA SO IT'S MORE CLEAR TO THE BOARD. WE CAN ADD WHAT STRATEGIC ITEM IT FITS UNDER SO YOU CONSTANTLY SEE THAT IN FRONT OF YOU. WE'RE ACTUALLY WORKING ON THAT RIGHT NOW.
>> MR. CHAIR, I DON'T REMEMBER, DO WE HAVE ACTUALLY IN A POLICY WHAT OUR AGENDAAGENDA -- WE DO. STEFANIE
CAN HELP ME OUT. >> I CAN'T REMEMBER, DOING IT SO
>> MORE THAN WELCOME TO READDRESS THE AGENDA AND FORMATTING. LIKE JAVI JUST MENTIONED, WE'VE BEEN LOOKING AT IT THE SAME WAY, EVEN WHEN ITEMS COME TO YOU, THE BUDGET OF THE ITEM.
WE'RE LOOKING TO REVAMP THAT ALREADY AND MIGHT BE PERFECT TIMING, COME BACK WITH A NEW FORMAT AND YOU CAN DECIDE WHAT OTHER INFORMATION YOU WOULD LIKE TO SEE AS PART OF THAT AGENDA
>> THERE'S AN ACTION ITEM I THINK TO ADOPT THESE.
>> YES, MA'AM. THANK YOU, MARK.
>> IT'S BEEN A PLEASURE TO WORK WITH YOU ALL.
I'VE KNOWN AND WORKED WITH FORT PIERCE FOR DECADES AND FEEL LIKE YOU'RE THE CREW TEAM.
THE BOARD HAS IDENTIFIED THE MOST IMPORTANT PRIORITIES, THE STAFF IS WORKING ON THOSE EFFORTS. I FEEL YOUR TEAM PULLING IN THE RIGHT DIRECTION. I FEEL MOMENTUM DEVELOPING HERE.
I SEE THE COMPETENCE GROWING IN THE BOARD AND THE COMMUNITY.
I'M SO PROUD OF YOUR BOARD AND STAFF AND ALL YOU'RE DOING FOR YOUR CITIZENS IN FORT PIERCE.
[E.2. Natural Gas Capacity from Florida Gas Transmission]
>> YES, SIR, MR. CHAIRMAN. NEXT ITEM IS A REQUEST TO APPROVE THE BUYING OFOF NEW ITEM. IT DOES NOT COME ASH VERY OFTEN BECAUSE OF THE COMPLEXITY BECAUSE WE'RE A PENINSULA.
WE'RE ASKING FOR THE APPROVAL TO ADD THIS CAPACITY. THE DISCUSSION WE HAD WITH BOARD MEMBERS ONE-ON- ONE, WE DON'T HAVE TO PAY UNTIL THE PIPELINE IS COMPLETE BUT WE'RE COMMITTING TO THE CAPACITY WHICH IS THE IMPORTANT PART.
WE'LL BE ABLE TO PLAN AND BUDGET ACCORDINGLY IN COMING YEARS. KATIE HALL, CHIEF EXECUTIVE, AND OUR GAS PROVIDER, WILL PRESENT THIS ITEM.
>> THANK YOU ALL FOR HAVING ME HERE TODAY. I'M KATIE HALL, GENERAL MANAGER AND CEO FOR FLORIDA GAS UTILITY. FORT PIERCE HAS BEEN A MEMBER GOING ON 40 YEARS, A LONGSTANDING RELATIONSHIP AS WELL. TYING BACK TO THE STRATEGIC PLAN, THIS ALIGNS WITH THE GROWTH OPPORTUNITY.
HOPEFULLY YOU CAN FOLLOW THIS. IF YOU HAVE QUESTIONS, STOP ME ALONG THE WAY OR WE'LL ANSWER AT THE END.
WHAT IS CAPACITY? A LOT OF PEOPLE DON'T KNOW YOU ACTUALLY HAVE TO RESERVE THE SPACE IN THE PIPE FOR YOUR GAS TO FLOW. EVERYBODY KNOWS YOU HAVE TO HAVE GAS SUPPLY, BUT YOU ALSO HAVE TO RESERVE THAT SPACE.
THERE'S FINITE AMOUNT ON A PIPELINE. YOU RESERVE ENOUGH TO MAKE SURE THE GAS YOU NEED FLOWS THROUGH TO YOUR CITY.
RIGHT NOW THE CAPACITY IS ON FLORIDA GAS TRANSMISSION, FGT, THAT'S THE TRANSMISSION LINE ALL THE WAY FROM TEXAS INTO THE STATE OF FLORIDA AND EVERYBODY TAKES THEIR LATERALS OFF FGT TO SERVE YOUR CUSTOMERS BEHIND YOUR CITY GATE.
CURRENTLY YOU'RE SHORT ON CAPACITY, YOU DON'T HAVE ENOUGH. WE'LL SHOW YOU ON A GRAPH IN A MINUTE WHAT THAT LOOKS LIKE.
FORTUNATELY IT'S NOT NECESSARILY BEEN AN ISSUE BECAUSE OF YOUR MEMBERSHIP WITH FLORIDA GAS D
[00:35:09]
UTILITY. WE CAN SUPPORT WHERE YOU'RE SHORT. HOWEVER, EVERYBODY IS GROWING ANDS IT HARDER TO SUPPORT THE CAPACITY. THE TIMING OF THIS OPPORTUNITY IS PERFECT FOR YOU.CAPACITY COSTS, WHEN WE TALK ABOUT THESE, THEY'RE INCLUDED IN THE PURCHASE GAS ADJUSTMENT, PGA, IT'S A PASS- THROUGH, IT WILL BE INCLUDED IN THE COST OF GAS PASSED THROUGH TO YOUR CUSTOMERS. CURRENT CAPACITY, BLUE SQUIGGLY LINE IS THE ACTUAL GAS USAGE ANY DAY, AND GREEN LINE IS YOUR CAPACITY. IT MOVES AROUND, BUT HIGHER PARTS ARE GENERALLY WINTER PEAKS AND LOWER PART IS SUMMER.
IT'S NORMAL TO BE SHAPED LIKE THAT. MOST OF THE CITIES WHEN THE PIPELINE WAS BUILT, THEY TOLD PEOPLE TO PREPARE FOR THE WINTER, WHEN YOU HAVE THE COLD SPIKES, PREPARE FOR THAT. EVERYBODY DID WHAT YOU DID, PUT THE PEAKS IN THE WINTER. HOWEVER, YOU HAVE PRETTY MILD WEATHER YEAR- ROUND, SO USAGE IS RELATIVELY FLAT.
BUT CAPACITY IS NOT. IN THE SUMMER, THAT'S WHERE YOU'RE REALLY SHORT. RIGHT NOW YOU'RE RELYING ON US, BUT YOU CAN SEE -- YOU'RE USING WAY MORE THAN CAPACITY MOST DAYS OF THE SUMMER.
ALSO, AS WE TALK ABOUT GROWTH, THE THEME OF TODAY'S MEETING, YOU ARE FORTUNATE YOU HAVE A LOT OF GROWTH IN THE AREA. I'M SURE YOU'RE FAMILIAR THE GAS SYSTEM WAS EXPANDED TO THE NORTH PART OF YOUR SYSTEM, A NEW GATE SYSTEM, NEW GROWTH THERE, RESIDENTIAL HOMES AND BUSINESSES, LOTS OF GROWTH.
YOU'RE BUILDING THE NEW GATE STATION AND WE EXPECT IN THE NEXT SEVERAL YEARS THAT AREA IS GOING TO DEVELOP PRETTY SIGNIFICANTLY.
FGT IS CURRENTLY DOING A PHASE NINE EXPANSION.
THEY DO AN OPEN SEASON, THEY HAVE TO PUT IT OUT FOR 20 DAYS, ANYBODY THAT WANTS ACCESS TO CAPACITY DURING THIS TIME, 20 DAYS TO SIGN UP OR YOU MISS THE WINDOW. THE REASON FOR THAT, THEY CLOSE THAT WINDOW AND THEY KNOW HOW MUCH CAPACITY TO BUILD THE PIPELINE. THEY'RE NOT GOING TO BUILD IT BIGGER THAN THEY HAVE TO BECAUSE OF THE COSTS. THEY'RE GOING TO MAKE SURE PEOPLE PAY FOR AS MUCHMUCH THEY BUILT. THEY KNOW CITIES CAN'T MOVE THAT PAST, BUT GO THROUGH THE CONVERSATION WITHOUT FEELING PRESSED FOR TIME. BUT OPEN SEASON WILL START IN OCTOBER OR NOVEMBER. JAVI ALLUDED TO THIS.
LAST TIME AN OPEN SEASON OCCURRED WITH AN EXPANSION, IT FINISHED IN 2011. THE ONE BEFORE THAT WAS 2020 PRIORLY. 15 TO 20 YEARS THESE OPPORTUNITIES COME UP. THAT'S NOT TO SAY THERE'S ENOUGHENOUGH THEY WON'T HAVE IT SOONER, BUT THE LAST COUPLE OF PHASES HAVE BEEN THAT TIME LINE.
THE RATE THEY'RE PROPOSING IS 1. 39 1/2 CENTERS PER DEKATHERM.
THE CAPACITY WE'RE BRINGING FORTH IS 750 MMBTUS.
DEKATHERM IS TEN THERMS, THAT GETS YOU TO COVERING YOUR NEEDS NOW. INCREMENTAL WE CAN SUPPORT, WE DON'T WANT YOU OVERPAYING IF YOU DON'T NEED IT.
IT IS A 20- YEAR, PRETTY LONG-TERM AGREEMENT, AND THERE ARE EXTENSION RIGHTS. HOWEVER YOU HAVE YOUR CURRENT AGREEMENT, BEEN IN PLACE PROBABLY SINCE THE '70S OR BEFORE.
THESE ARE LONG- TERM AGREEMENTS IN GENERAL BECAUSE YOU NEED THEM. I WOULDN'T LET 20 YEARS SCARE YOU. JUST LIKE JAVI SAID, YOU DON'T START PAYING UNTIL IT'S IN SERVICE, EXPECTED SEPTEMBER OF 2028.
HERE'S WHAT THE COSTS ARE, THAT'S WHAT EVERYBODY WILL ASK ME, RIGHT? BLUE PART HERE, FTS ONE IS YOUR CURRENT CAPACITY, LITTLE OVER $250,000 A YEAR FOR THAT CAPACITY, 51. 5 CENTS, THAT'S THE CHEAPEST OUT THERE, YOU GOT IN, OG CAPACITY. NO MORE IS CLOSE TO THAT NUMBER AT THIS POINT. THE PINKISH COLOR IS FTS THREE CAPACITY, WHAT WE'RE BRINGING TODAY.
THAT'S 1. 40, A HUGE JUMP. DON'T GET ME WRONG.
BUT OTHER PIPELINES ARE PUSHING $2.
[00:40:01]
THAT RATE IS REASONABLE IN TODAY'S MARKET.HOWEVER, YOU CAN SEE IT'S A BIG COST.
$890,000 INCREMENTAL TO YOUR EXISTING COSTS.
I UNDERSTAND THAT'S A BIG JUMP. HOWEVER WHAT THIS DOESN'T INCLUDE, THE 258,000 IS A FIX, YOU SAW HOW MUCH YOU'RE GOING OVER EVERY DAY, YOU'RE STILL PAYING FOR THAT. WE DIDN'T WANT TO INCLUDE THIS IN HERE, IT'S NOT APPLES TO APPLES, BUT THERE'S A HEFTY COST, DOUBLE OR TRIPLE THAT THAT YOU'RE HAVING TO PAY. THAT WILL BE OFFSET WITH THIS.
WE EXPECT THAT $1. 1 MILLION, ALL IN, THAT'S WORST CASE, USING ALL OF IT.
WHEN YOU DON'T USE IT ON CERTAIN DAYS AND YOU HAVE EXTRA, WE REMARKET IT.
WE SELL IT FOR YOU AND SOMEBODY BUYS IT AND THAT MONEY GOES BACK INTO YOUR POCKET.
WE DON'T KEEP ANY OF THAT. SHOWING YOU WORST CASE HERE, BUT WE EXPECT TO BRING THAT COST DOWN SOME BY REMARKETING YOUR EXCESS.
THIS IS WHAT IT LOOKS LIKE. THIS IS WHY THAT CAPACITY IS CRITICAL. WE CUT IT OFF IN FLORIDA BUT THE PIPELINE STARTS IN TEXAS. COMES DOWN TO THE SOUTHERN TIP OF FLORIDA. END OF THE PIPE, THAT'S WHERE THE POWER PLANTS ARE. THAT'S WHY IT END THERE'S.
YOUR SYSTEM IS ROUGHLY WHERE IT SAYS EAST LAKE.
IT HAS TO FLOW THROUGH THREE-FOURTHS OF THE STATE BEFORE IT GETS TO YOU. THAT'S WHY WE CAN USE OTHER CAPACITY. BUT ALL THE GROWTH IN FLORIDA IS JUST ABOUT WHERE YOU START GOING SOUTH. WHOLE SOUTHEAST COAST OF FLORIDA, NEW GENERATION, LNG PORTS, CRUISE SHIPS USING GAS, ALL THIS GROWTH AND EXPLOSION IN THE STATE, SO IT WILL BE HARDER TO GET THAT CAPACITY DOWN TO YOUR SYSTEM BECAUSE YOU'RE SO FAR DOWN THE SYSTEM. TODAY WE'RE ASKING TO APPROVE WHAT FGT CALLS A PROCEEDING AGREEMENT, SAYING YOU'RE LOCKING IN THE CAPACITY.
AGAIN YOU DON'T START PAYING UNTIL 2028 COMPLETION.
BUT YOU HAVE TO SIGN UP THE AGREEMENT TO TELL THEM YOU'RE SIGNING UP FOR THIS CAPACITY SO THEY CAN BUILD THE PIPE THE SIZE THEY NEED. THIS IS VERY TECHNICAL BUT THIS IS CRITICAL FOR YOUR BUSINESS TO OPERATE, FOR GAS TO FLOW AND CONTINUE THE GROWTH YOU'RE FOCUSED ON. ANY
QUESTIONS? >> CAN YOU PUT THE GRAPH ON WITH --
>> SO DURING WINTER WE PURCHASED HIGHER CAPACITY VERSUS SUMMER
>> SO YOU'RE LOOKING AT ABOUT 1,700
>> IF I THINK ABOUTABOUT LOGICALLY, GREEN LINE IS MORE FLAT AROUND 1,700 LEVEL.
>> 1,750 YEAR ROUND, THE WHOLE GREEN LINE GOES UP.
WE CAN SHAPE IT, WE ASKED, BUT WE CAN'T.
>> EXTRA 17 ON TOP, BUT WHAT IS THE TOTAL CAPACITY AFTER THE EXTRA?
>> IT'S HERE. IF YOU SEE WHERE IT HAS VOLUME IN PARENTHESES, DEKATHERM.
65,100, WE'RE GOING TO ADD INCREMENTAL ON TOP OF THAT.
THAT'S A WINTER MONTH. SUMMER, JULY, 26,908, WE'RE GOING TO ADD ADDITIONAL 54,250 ON TOP OF THAT.
>> GO AHEAD. >> I WAS GOING DOWN THE SAME PATH AS YOU, HOPEFULLY THIS WILL HELP, TOO.
I THINK PART OF ME IS WONDERING WHY AREN'T WE STABLE NOW YEAR ROUND. GUESSING IN THE '70S WHEN THEY DID THIS, DECIDED YEAH, JUMP ON BOARD BUT ONLY BUY CAPACITY THESE MONTHS AND OTHER MONTHS NOT CARRY IT.
THAT'S NOT SOMETHING WE CAN DO
THEY DON'T ALLOW US TO SHAPE IT, WHAT WE CALL IT.
YOU SHAPE IT BY FILLING IN THOSE GAPS, MORE IN THE SUMMER AND LESS IN THE WINTER WE ASKED FOR.
THEY WOULDN'T ALLOW US TO DO THAT. WHEN THIS WAS ORIGINALLY PURCHASED, THE PIPELINE
[00:45:01]
SAID ACCOUNT FOR YOUR PEAK DAYS. THEY LOOKED AT PEAK, PROBABLY WAS IN WINTER, ONE COLD DAY AND GAS USAGE WENT WAY UP. IF YOU DON'T BUY ENOUGH CAPACITY TO GUARANTEE THAT GAS FLOW, YOU'LL BE WITHOUT GAS ON PEAK DAYS.THEY HAD THE SCARE TACTIC. YOUR CAPACITY LOOKS LIKE ALMOST EVERY CITY IN THE STATE OF FLORIDA, HIGHER IN THE WINTER AND LOWER IN THE SUMMER. THEY'RE THE OPPOSITE.
EVERY CITY HAS THIS, PEAK DAYS ARE IN THE WINTER.
>> WHO IS NEGOTIATING THIS? I THINK MR. FEE WAS SAYING WHO ARE THEY. THAT'S THE QUESTION, WHO IS THE ONE WE NEGOTIATED?
>> WE'VE BEEN NEGOTIATING WITH FTP, THE PIPELINE, ON YOUR BEHALF. LOOKED AT HISTORIC USAGE AND PROJECTED GROWTH AND TRIED TO BALANCE THE COSTS.
IN THE SUMMER, ADDING 1,750 YOU'RE STILL SHORT ON QUITE A FEW DAYS, BUT WE'RE TRYING TO BALANCE IT WITH TOO MUCH IN THE WINTER AND WHAT WEWE CAN REMARKET FOR YOU AND FIND THE SWEET SPOT WHERE YOU DON'T OVERPAY BUT HAVE ENOUGH ON DAYS YOU NEED IT.
>> PROBABLY NEXT QUESTION, TO ME THE AMOUNT WE'RE BUYING LOOKS LIKE TWO TIMES OUT OF THE YEAR JUST HAVE SIGNIFICANT EXCESS.
>> FLIPPED, THIS BIG BAR AND NOTHING NEEDING IT.
>> I DON'T KNOW HOW GOOD THE MARKET IS TO ABSORB THAT.
>> THERE'S A WHOLE BUDGETING PROCESS, WE WOULD FEATHER THIS OUT THROUGHOUT THE YEAR. BUT DURING THE SUMMER RIGHT NOW WE GO TO THE MARKET BECAUSE WE ONLY HAVE SO MUCH CAPACITY, AND WE BUY AT A MUCH HIGHER PRICE. DURING THE WINTER, WE WOULD OBVIOUSLY HAVE SURPLUS BUT LEAN ON KATIE AND HER TEAM TO BE ABLE TO SELL THAT. BUT THERE'S NO -- IF WE DON'T BUY THE CAPACITY, WE DON'T HAVE THE ABILITY TO GROW AT A VERY LOW
COST. >> THE CAPACITY USED FOR RESIDENTIAL/COMMERCIAL PURPOSES BUT NOT POWER GENERATION?
>> FOR POWER GENERATION AS WELL.
>> BUT TODAY WE'RE JUST TALKING ABOUT GENERATION.
>> BUT IT'S CRITICAL IN THE STATE. EVEN IN THE WINTER WHEN A LOT OF PEOPLE HAVE HEAT PUMPS, WE STILL SEE USAGE GO WAY UP ON ELECTRIC GENERATION AS WELL. THE COLD SNAP MARTIN LUTHER KING WEEK OF THIS YEAR, PEOPLE WERE PAYING FOR CAPACITY, DOLLARS UPON DOLLARS FOR THAT CAPACITY BECAUSE THEY HAD TO HAVE IT. THEY WERE PAYING UPWARDS OF $5, $6 DURING THAT CAPACITY THAT
WEEK. >> SO IT CAN BE SOLD AT A PREMIUM?
>> SO IT BOUNCES. WE LOOKED AT WHAT WE'VE RECOVERED HISTORICALLY. TYPICALLY A WEEK EVERY WINTER WE GET A PREMIUM. SOMETIMES IT'S MILD AND WE DON'T. WE LOOKED AT OVERALL RECOVERY. THAT'S WHY I POINTED OUT THE MAP, BECAUSE OF WHERE YOU'RE AT, YOUR RISK OF NOT BEING ABLE TO GET GAS SHOULD BE THE PRIORITY VERSUS HAVING TOO MUCH CAPACITY AND US REMARKETING IT. IF WE CAN'T GET ENOUGH TO YOU, YOUR GAS WILL LITERALLY RUN OUT.
>> AND I WANT TO ADD, KATIE MENTIONED THIS.
THE STATE OF FLORIDA IS ADDING MORE NATURAL GAS GENERATION.
SO THAT CAPACITY WILL GO AWAY VERY QUICKLY, ESPECIALLY WITH SOME OF THE OLDER POWER PLANT PROJECTS THEY'RE GOING TO RECOMMISSION OR REBUILD. SOME OF THE NEW POWER PLANTS THEY'RE ADDING. WE'RE TALKING ABOUT JUST FLORIDA BUT THE OTHER STATES AROUND US ARE ALSO REVISITING THEIR ENTIRE POWER GENERATION FLEET.
>> DO YOU HAVE ENOUGH INFORMATION RIGHT NOW TO MAKE THIS RECOMMENDATION ON WHICH WAY TO
GO? >> YES, SIR, WE ARE DEFINITELY ASKING TODAY TO ADD THE CAPACITY.
BECAUSE WE ALREADY RAN INTO THE SPECIFIC TOPIC YOU TALKED ABOUT, SELLING THE CAPACITY. WE RUN INTO THAT THROUGHOUT THE YEAR, THERE ARE MONTHS WE ALREADY DO THAT AND LEAN ON KATIE AND HER TEAM TO DO THAT.
>> DO YOU THINK THERE'S ENOUGH BUYERS TO BUY THAT EXCESS? LOOKS LIKE SUMMER WILL BE FINE, BUT IN WINTER MONTHS, IT'S GOING TO BE UPSIDE DOWN.
GENERALLY SPEAK FLORIDA DOES NOT HAVE A COLD WINTER.
IN FACT SEEMS TO GET WARMER AND WARMER EACH
WINTER. >> GEOGRAPHICALLY WE'RE IN A UNIQUE POSITION HERE IN FORT PIERCE, YOU'RE RIGHT.
>> BUT I WAS GOING TO SAY, I THINK PURCHASING IT TWO AND THREE TIMES THE AMOUNT WOULD PROBABLY MAKE UP THE DIFFERENCE OF
[00:50:03]
THE SWING. THAT'S -- THIS HERE, WISH WE HAD LIKE A DOLLAR, WHAT DOES THAT LOOK LIKE.>> I WILL TELL YOU, WE DID RUN A HIGH LEVEL ANALYSIS BASED ON YOUR CURRENT CUSTOMER -- WE EXPECT IT TO GROW, OBVIOUSLY.
WHAT WE'RE TRYING TO DO. BASED ON CURRENT CUSTOMERS, ROUGHLY $2 A MONTH TO THEIR BILL, WORST-CASE SCENARIO, US IN THE RECOVERING ANYTHING.
AND WE TRACK EXCESS CAPACITY, WE'RE OVER 90% EVERY DAY, WE TRY TO GET TO 100%.
WE DO A VERY GOOD JOB OF REMARKETING IT, AND WE GET MAX RATE, AND LOT OF TIMES MUCH OF THE CAPACITY GOES TO FMPA. WE TRY TO USE IT IN THE POOL FIRST AND THEN GO TO THE OUTSIDE MARKET.
TO GIVE YOU A LITTLE BIT OF COMFORT. YOU LOOK AT THIS, SAY IS THERE A MARKET TO REMARKET THIS. BECAUSE THIS PIPELINE DOES GO TO TEXAS AND IS INTERCONNECTED WITH OTHER PIPELINES THAT FLOW NORTH. WE CAN ALWAYS -- MOST OF THE TIME REMARKET IT. VERY FEW DAYS, I CAN COUNT ON ONE HAND.
>> LAST YEAR OR SO, THEY RECENTLY PURCHASED THREE NATURAL GAS POWER PLANTS, USED FOR MID AND PEAKING UNITS. KATIE WOULD HAVE THE ABILITY TO SELL OFF WHATEVER WE DON'T USE AND BREAK EVEN OR MAKE MONEY. DON'T WANT TO TALK ABOUT MAKING MONEY. THAT'S NOT THE PURPOSE, THIS IS
TRYING TO KEEP THE BILLS DOWN FOR THE CUSTOMER.
IF WE SEE $800,000 OUTSWING OF HOW MUCH TO PAY, WE'RE LIKE WELL, ARE WE SAVING THAT MUCH, CAN WE SELL OFF SOME TO MAKE THAT -- IT'S NOT MAKING MONEY
NECESSARILY. >> THAT'S PART OF THE PROGRAM TO MANAGE THAT. SO THE CUSTOMERS DON'T SEE IT AND ABLE TO GO 12 MONTHS WITHOUT AN ADJUSTMENT OR A PERIOD OF
THAT IDEA. >> 1. 1 ANNUALLY? WHAT DOES THAT --
>> HOW DOES THAT IMPACT OUR BUDGET, CONSIDERING THE NEW DEBT WE'RE ABOUT TO TAKE ON AND SERVICING THE CURRENT DEBT WE HAVE?
>> THIS IS O & M, NOT RATE FUNDED CAPITAL.
WE PAY FOR IT ALREADY RIGHT NOWNOW PAYING FOR WHATEVER WE BUY ON THE MARKET.
WE PAY FOR THAT. BUT WE'RE LOCKING IN THE PRICE AS A MINIMUM FOR US TO MOVE FORWARD.
>> MR. CHAIR. COULD YOU GO TO THAT SLIDE THAT HAS 296 AND 800 -- I THINK WHAT YOU SAID, MAKE SURE I'M RIGHT, IS THAT WE'RE -- WHATEVER IT IS. WE'RE REALLY PAYING A LOT MORE, YOU'RE ONLY REFLECTING WHAT
>> SO WE MIGHT BE CLOSE -- RIGHT?
>> YOU SEE IN THE SUMMER, ALL THE BLUE YOU'RE ABOVE THE GREEN, YOU'RE PAYING MARKET RATE FOR THAT. ONLY REASON I DIDN'T INCLUDE IT IN THE COST IS THAT CHANGES BY THE DAY.
COULD HAVE LOOKED AT HISTORICAL FOR THE LAST YEAR.
BUT BECAUSE YOUR NEW CAPACITY WILL COVER THAT, I DIDN'T WANT TO DOUBLE COUNT
IT. >> JUST WANTED TO MAKE SURE I
UNDERSTOOD. >> 200 IS NOTNOT YOU'RE ABOVE THAT.
>> SO WE'RE IN THE BALLPARK ANYWAY. AND BETWEEN YOU AND OUR STAFF, PREPARING FOR GROWTH, YOU LOOKED AT CURRENT USAGE, BUT ALSO LOOKING TO WE HAVE ENOUGH FOR THE FUTURE.
AT THAT RATE. BECAUSE THAT RATE IN FIVE TO TEN YEARS WILL BE VERY LOW.
>> SO WHAT WOULD HAPPEN IF WE DIDN'T DO
ANYTHING? >> IF YOU DIDN'T DO ANYTHING ON THIS, WE WOULD CONTINUE TO SELL YOU ALL THE EXCESS WE COULD UNTIL WE CAN'T. I DON'T KNOW IF THAT'S -- IT DEPENDS ON THE GROWTH. ONE L&G FACILITY THAT BUYS EXTRA CAPACITY, YOU COULD STOP HAVING ENOUGH GAS TOMORROW. I DON'T WANT TO SOUND THE ALARM, BUT REALISTIC.
>> I ASKED YOU. ASKING FOR THIS.
BECAUSE I THINK I HEAR WHAT YOU'RE SAYING. WE ALL KNOW WHAT'S HAPPENING IN FLORIDA.
IT'S NOT SOUTHEAST COAST BUT LITTLE TOWNS ALONG THAT PIPELINE, EVERY LITTLE TOWN IS DEALING WITH GROWTH AND CITIZENS ARE NOT HAPPY ABOUT IT. THEY WANTED IT, THEN
[00:55:02]
THEY AT ANY TIME WANT IT, RIGHT? IT'S HAPPENING IN FLORIDA ALL OVER. WHAT I'M SAYING IS NOT ONLY SOUTH FLORIDA BUT ALL THROUGH THE STATE, THE DEMAND IS GOING TO BEINCREASED. >> YOU ARE CORRECT. WHAT WE'RE BUYING ON THE EXCESSEXCESS BECAUSE IT IS AT A MARKET RATE, AS SOON AS YOU GET MORE DEMAND, THAT DRIVES THAT PRICE UP. EVEN IF IT IS AVAILABLE, THE PRICE YOU PAY MIGHT ACTUALLY BE HIGHER THAN THIS.
AT SOME POINT, WHETHER THAT'S NEXT YEAR, FIVE YEARS, ALL TO BE DETERMINED HOW QUICK GROWTH HAPPENS. WE JUST LOOK AT IT SAYING, THESE OPPORTUNITIES ONLY COME AROUND ROUGHLY 15 TO 20 YEARS FOR THE LAST TWO EXPANSIONS.
IF YOU WANT TO WAIT 20 YEARS FOR THE NEXT ONE, YOU'RE
JUST -- >> YOU'LL BE HERE MAYBE?
>> MAYBE NOT, DEALING WITH THAT. BUT YES, THAT'S JUST SOMETHING WE'RE WORRIED ABOUT.
WE KNOW YOU'RE FOCUSED ON GROWTH AND SET UP FOR IT NOW.
AND BECAUSE WE THINK WITH THIS GOING IN SERVICE IN ABOUT THREE YEARS, WE THINK TIMING IS PERFECT FOR YOU.
>> WHAT I'M HEARING JAVI SAYING, IT'S NOT GOING TO HAVE HUGE IMPACT ON THE CUSTOMER.
>> 1. 15 NUMBER -- WHAT WAS THE ACTUAL NUMBER IN LAST 12 MONTHS.
>> THAT'S WHAT KATIE WAS SAYING.
>> WE CAN PULL THAT. WORST CASE, IT'S ABOUT $2 INCREASE PER CUSTOMER. BUT THIS IS A FIXED COST.
AS YOU GROW, THAT'S SPREAD OUT OVER MORE CUSTOMERS AND GOES DOWN. RIGHT NOW, WORST
SOMETHING? >> $2 PER CUSTOMER PER MONTH.
>> IF WE'RE NOT ABLE TO MARKET
>> IF WE DON'T GROW AND ARE NOTNOT ABLE TO RESELL?
>> GROWTH ISSUES -- WE'RE GOING TO GROW.
GOT TO FACTOR THAT IN. HOW LONG IT TAKES, WHO
KNOWS. >> WE'RE BUILDING RIGHT NOW.
>> SO THAT PART DOESN'T BOTHER ME. DOES BOTHER ME THAT THERE IS A WORST-CASE SCENARIO FOR A COUPLE OF YEARS IT COULD BE $2 UP IF WE'RE NOT ABLE TO SELL. BASED ON WHAT I'M HEARING, SOUNDS LIKE WE'RE LOOKING AT OUTFLOW OF $250,000 PER YEAR. WHEN YOU FACTOR IN WHAT OUR CONTRACT IS, WHAT YOU'RE BUYING ON TOP, WE'RE PROBABLY 650- SOME THOUSAND NOW? IS THAT RIGHT?
>> I DON'T HAVE THAT TOP OF MY HEAD, WE CAN PULL THAT
INFORMATION. >> WE AGREE WE'RE IN THAT
RANGE? >> I WOULD SAY 900,000 --
>> IF WE'RE IN 200,000, 400,000 RANGE, I HATE TO MISS THE OPPORTUNITY, BUT I DON'T KNOW IF I CAN JUSTIFY THAT GOING OUT EACH YEAR ON IF MAYBE.
ESPECIALLY IF THE CITY TURNS GROWTH AVERSE, THAT WOULD KILL US. AND WE'RE LEAVING THAT UP TO THE COUNTY AND CITY COMMISSION.
IT'S A REALLY DIFFICULT DECISION.
$200,000, THAT'S ONE THING. $500,00 OFF, THAT'S
DIFFERENT. >> OUR COSTS ARE HIGHER THAN THIS BECAUSE WE'RE BUYING ON THE MARKET. I THINK YOUR QUESTION MAY BE RELATED MORE TOWARDS THE RISK.
>> ABSOLUTELY IT'S A RISK. IT'S NOT MY MUST BE TO PLAY CRAPS WITH. I DID THAT A COUPLE WEEKS
I COMPLETELY -- COMPLETELY UNDERSTAND. I THINK WE HAVE THE RISK OF NO GROWTH. WITH THE ABILITY -- I WOULD CONSIDER THAT IN MEDIUM RISK BUT I LOWER THAT RISK CLOSER TO LOW BECAUSE OF THE ABILITY FOR FGT TO SELL THAT IN WINTER MONTHS. IN SUMMER WE ALREADY NEED THAT AS BASE. THE RISK I THINK IS LOW.
WE COULD HAVE SHOWN YOU THE NUMBERS BUT IT'S NOT APPLES AND APPLES. BUT THE CAPACITY, MAKING SURE WE HAVE THE CAPACITY IS I THINK THE BIGGER QUESTION, AS A COST. BUT I COMPLETELY UNDERSTAND YOUR CONCERN ABOUT COST. END OF THE DAY, THAT'S WHAT MATTERS TO THE CUSTOMERS. I THINK THERE'S AN OPPORTUNITY FOR US TO BUY ADDITIONAL CAPACITY OR COMMIT TO ADDITIONAL CAPACITY AND STILL HAVE OUR BILLS MANAGEABLE THROUGH OUR DART PROGRAM AND ABILITY TO SELL
[01:00:07]
EXCESS. SUMMER MONTHS OFFSET THAT BECAUSE WE BUY IT ON THE MARKET RIGHT NOW.>> ANY OTHER QUESTIONS, COMMENTS?
>> MR. CHAIRMAN, BASED UPON WHAT I'M HEARING, IT APPEARS THAT THE PHASE IX CAPACITY PORTION OF IT IS A MATTER WE'LL BE ABLE TO PREDICT WHAT WE NEED OR WHAT WE HAVE AVAILABLE AND ALSO BE ABLE TO MEASURE BASED UPON THE PROBABILITY OF EXPANSION.
ONLY THING -- I'M HEARING ALL OF THIS, BUT ARE WE TALKING ABOUT GROWTH AND EXPANSION, WITH ALL DUE RESPECT, BASED UPON EXISTINGEXISTING DEVELOPMENTS WITHIN THE CITY OF FORT PIERCE?
>> GOOD QUESTION. I THINK THREE AREAS OF GROWTH.
OUTSIDE THE CITY, WEST OF TOWN, INSIDE THE CITY, AND PROJECT SPECIFIC SITES SHOWN STRONG INTEREST IN OUR SERVICE AREA FOR VERY LARGE LOADSLOADS -- UNTIL THEY'RE REAL, THEY'RE NOT REAL. BUT THERE ARE SOME PROJECTS THAT HAVE COME TO OUR AREA ALREADY, MOST OF THE BOAT BUILDERS UP WEST OF TOWN HAVE BEEN VERY GOOD GAS CUSTOMERS, AND WE HAVE A LOT OF CONSTRUCTION THAT USE QUITE A BIT OF GAS. OUTSIDE OF THAT, OTHER PROJECT WE'RE NOT ALLOWED TO TALK ABOUT RIGHT NOW WOULD USE A LARGE AMOUNT OF GAS.
WE HAVE THREE CUSTOMERS, SPECIAL PROJECTS, INSIDE AND OUTSIDE THE CITY.
>> A LOT OF THE DISCUSSIONS AND CONSIDERATION IS BASED UPON ANTICIPATION OF THIS GROWTH WE ARE SOMEWHAT FAMILIAR WITH AND AWARE OF, NOT JUST SPECULATIVE BASED ON CITY TO
I WOULD SAY DURING THE SUMMER IT WOULD NOT BE SPECULATIVE, WE HAVE THAT LOAD NOW.
WINTER WOULD BE A LITTLE BIT MORE SPECULATIVE, BUT AGAIN WE HAVE THE ABILITY TO USE FTU TO SELL OFF THE CAPACITY AND THE
COST. >> NUMBERS PRESENTED WITH EXISTING CAPACITY, IS THERE A CONSIDERATION -- IS THAT ALSO
>> THERE ARE MUCH BETTER NUMBERS THAN YOU SEE THERE.
>> THAT WERE REPORTED. WHAT WE'RE SPENDING NOW AND PROPOSED TO SPEND CONSISTENTLY GOING FORWARD RELATED TO THIS.
>> FOLLOW- UP QUESTION CONCERNING OUR CUSTOMERS TO THE WEST. I PRESUME THERE'S ABSOLUTELY NO SERVICE LIMITATION WITH GAS. LIKE WITH ELECTRIC.
>> ON THE GAS, WE DO HAVE A SERVICE LIMITATION, BUT SINCE WE BUILT THE PIPE FIRST WEST OF TOWN, WE'VE CLAIMED THAT AREA.
MOMENT YOU ISSUE A PERMIT, YOU TECHNICALLY CLAIM THE AREA EVEN BEFORE YOU BUILD THE PIPE. LUCKILY FOR US WE ISSUEDISSUED PERMIT AND BUILT THE PIPE NEAR COMPLETION OF THE GATE STATION. THAT WHOLE
AREA. >> WE'LL BE PROVIDING THE
SERVICE. >> DIRECTLY WEST OF US NOW, DO WE HAVE THAT SERVICE AREA.
>> WE'VE NOT TECHNICALLY CLAIMED IT.
RIGHT NOW NINE MILES NORTH IS THE CLOSEST SERVICE AREA BOUNDARY. WE COULD GO NINE MILES NORTH.
GAS MAIN GOES TO PORT ST. LUCIE.
ORANGE AVENUE. >> TRYING TO LOCK IN TOTO SURE WE DON'T HAVE COMPETITION, AN ELEMENT OF RISK.
>> MIDWAY AND 95, PEOPLE'S GAS?
>> ANY BOARD MEMBERS NEED BETTER INFORMATION? WHAT IS THE TIME LINE, YOU SAID IT WAS 20 DAYS WHEN THEY PUT IT OUT. HOW EARLY ARE WE?
>> WE'RE EXPECTING THEM TO PUT IT OUT HONESTLY ANY DAY NOW.
THAT'S WHEN 20 DAYS STARTS. COULD START TOMORROW, COULD START OCTOBER 31ST. POTENTIALLY YOU HAVE A LITTLE
[01:05:02]
BIT OF TIME. WE CAN, IF YOU WANT TO APPROVE CONTINGENT ON SOMETHING, WE CAN DO THAT, TOO, SO WE'RE READY TO MOVE. I JUST CAUTION YOU -- I FULLY UNDERSTAND THE COST IMPLICATIONS TO THIS.I WILL SAY YOU HAVE ENJOYED THE LUXURY OF US HAVING EXTRA CAPACITY IN THE POOL FOR MANY, MANY YEARS WITHOUT HAVING TO GET TO THE POINT TO SUBSCRIBE FOR MORE. WE SHOWED YOU IN THE SUMMER YOU'VE BEEN ABLE TO RELY ON OTHER MEMBERS.
UNFORTUNATELY WITH ALL THE GROWTH, THAT IS NOW COLLAPSING.
I WOULD NOT BE HERE TO SPEND YOUR MONEY IF I DIDN'T THINK THIS WAS PRUDENT THING FOR YOU TO DO. WE TRIED VERY HARD TO BALANCE WHAT YOU'RE CONCERNED WITH. HOW CAN YOU GROW AND SERVE YOUR CUSTOMERS AND NOT INCUR UNNECESSARY COSTS.
WE'RE PUTTING YOU IN THE SWEET SPOT WHERE WE FEEL CONFIDENT REMARKETING THE EXCESS AND HAVING ENOUGH TO GUARANTEE SERVICE TO YOUR CUSTOMERS.
WE REALLY HAVE BALANCED ALL OF THIS FOR YOU WITH ALL OF THAT
INTO CONSIDERATION. >> MR. FEE, I UNDERSTAND THE NEED FOR ADDITIONAL INFORMATION, WE DO HAVE A BOARD MEETING ON THE 21ST, IF WE NEEDED TO, WE COULD DISCUSS THIS. BUT THAT WOULD PUT
US -- >> I THINK SOMEBODY NEEDS TO MAKE A MOTION TO VOTE.
>> I'M COMFORTABLE MAKING A NOTION.
>> I DIDN'T MEAN TO INTERRUPT YOU, I HAVE
>> ARE YOU LIKE TO US AS FMPA IS TO US FOR
>> WHEN YOU SAY OTHER MEMBERS, THEY'RE ALONG THE PIPELINE OR ALL OVER FLORIDA?
>> WE SERVE 27 CITIES ACROSS FLORIDA, 21 ARE JUST LIKE FORT PIERCE AS FAR AS HAVING A LOCAL DISTRIBUTION SYSTEM FOR GAS.
SIX GENERATE ELECTRICITY. WE PURCHASE ALL THE GAS THEY USE TO GENERATION THE ELECTRICITY.
SIX GENERATION UNITS. 1,750 IS A LOT OF MONEY AND VOLUME TO YOU AND ANY LDC. BUT TO A POWER PLANT THAT'S VERY SMALL AND WE CAN USE THAT EXCESS, ALMOST ALWAYS THE POWER PLANTS TAKE THE EXCESS.
>> YOU REPRESENT THEM AND TRY TO GET THE BEST DEAL FROM THE PRODUCERS IN TEXAS?
>> THEN MANAGE IT AS IT COMES DOWN. OH, MY GOSH, DOESN'T SOUND LIKE A GOOD JOB.
>> IT'S NOT FOR EVERYBODY AND VERY COMPLICATED.
I TRY TO KEEP IT HIGH LEVEL BECAUSE IT GETS IN THE WEEDS QUICKLY. WE BUY FROM 70 DIFFERENT SUPPLIERS EVERY DAY, CHECK THE MARKET. AND THAT'S WHO WE REMARKET TO.
WE TRY TO USE IT WITHIN OUR MANAGEMENT FIRST, MAKE SURE OUR CITIES ARE TAKEN CARE OF, IF THEY DON'T NEED IT, WE GO OUTSIDE. WE OPERATE SIMILARLY TO
>> LINDA HUDSON. >> YES, MA'AM.
>> NO, MA'AM. WOULD LIKE BETTER INFORMATION AND QUICKLY TO GET ON THE DOCKET NEXT MEETING. THE MOTION DID PASS BUT WE WILL PROVIDE ALL THAT INFORMATION TO ALL THE BOARD MEMBERS. I COMPLETELY UNDERSTAND YOUR CONCERN, WE'LL CLOSE THE LOOP.
>> JUST WANT TO LOOK AT THAT. I'D LIKE TO SEE HOW WE MATCH UP AGAINST THE CLOSEST CITY THAT'S SIMILAR TO US.
WHETHER IT PASSES OR NOT. >> SIZE PERSPECTIVE?
>> YEAH, SIZE. DOES IT LOOK SIMILAR, ARE THEY DOING SOMETHING DIFFERENT?
>> SOMETHING AS A COMPARISON. I COULD LISTEN ALL DAY THAT EVERYTHING IS NARROWING, BUT I DON'T HAVE EVIDENCE TO LOOK AT.
>> I UNDERSTAND, WE CAN PUT THAT TOGETHER. A LOT OF PEOPLE I THINK STRUGGLE WITH THIS, WHAT IS THE DOWNSIDE TO NOT DOING IT. IT'S LIKE A BROWNOUT ON ELECTRICITY. THE GAS WILL LITERALLY STOP -- LIKE YOUR COMMERCIAL CUSTOMERS' UNITS STOP, GAS STOVE WILL SHUT OFF. WILL SUCK THE PIPE DRY IF YOU DON'T HAVE ENOUGH CAPACITY. IF YOU PULL MORE THAN YOU'RE ALLOWED TO, THE PIPELINE WILL GET MAD AND SHUT YOU OFF.
JUST TO PUT IT IN PERSPECTIVE, WHAT DOES IT MEAN IF WE DON'T HAVE CAPACITY.
WE'RE TRYING TO MAKE SURE NONE OF THAT HAPPENS.
CUSTOMERS LOSE THAT, DON'T WANT GAS ANYMORE, IT'S OT
[01:10:04]
RELIABLE. >> AND CAN'T JUST SWITCH TO ELECTRIC.
IT IS WHAT IT IS. >> GAS IS GAS.
>> AND IT IS GETTING MORE AND MORE POPULAR WITH HURRICANES AND STUFF COMING ON. YEAH, SOMETHING WE LOOK AT. WE CAN PULL THAT TOGETHER. IF YOU WANT US -- MARKET RATE CHANGES EVERY DAY, DO YOU WANT HISTORICAL, LIKE LAST YEAR?
COSTS? >> WELL, I CAN SEE THIS LOOKS LIKE LAST YEAR, CORRECT. I'D LIKE TO SEE WHAT IT LOOKS LIKE WITH OTHER CITIES. DO THEY HAVE THE CAPACITY HIGHER THAN US? ARE THEY MORE JIG- JAG LIKE
THIS? >> IF THEY SIGNED IN THE '70S, IT PROBABLY LOOKS SIMILAR TO US. BUT WE CAN CLOSE THE LOOP PROVIDING THAT DATA.
>> ARE WE PRETTY MUCH -- WE AGREE EVERY CITY SIMILAR TO US PROBABLY BETWEEN 25,000 --
>> THAT'S WHAT I'M LOOKING AT, TO TELL US WHETHER THERE'S A MARKET OR NOT. JUST LOOKING AT WHERE WE'RE AT, I DON'T KNOW WHAT THE MARKET LOOKS
LIKE. >> I WILL CAUTION YOU, THE CITIES ARE NOT THE DRIVER FOR THAT.
IT IS THE ELECTRIC GENERATION, FP&LS AND DUKES.
LAKEWORTH, HOMESTEAD. FMPA, THEY'RE BURNING 100,000 TO 150,000 A DAY.
>> WHEN WE NEED THE EXCESS, WHERE ARE WE GETTING THAT FROM? ANOTHER MUNICIPALITY SELLS TO US. IF IT DOESN'T HAPPEN, GOES UP TO ONE OF THE BIG POWER
YES. >> THAT'S THE PIECE I WOULD LIKE MORE INFORMATION ON. WHAT ARE WE PAYING GIVEN CONSIDERATION FOR THE EXCHANGE FROM HISTORICAL STANDPOINT. LAST YEAR IS SUITABLE, SO I CAN DEAL WITH AN ACTUAL NUMBER IN MY HEAD. NUMBERS BEING PRESENTED DOESN'T REPRESENT OUR CAPACITY AS WELL AS THAT WHICH WE HAVE HAD TO GO TO THE MARKET FOR.
>> EXACTLY. THAT'S THE MISSING POINT IN THE FORMULA. WE CAN'T SEE WHERE WE'RE OFF
IT. >> THAT WILL HELP ME WITH APPLES TO APPLES.
>> TO ME, WE MIGHT BE BUYING TOO MUCH
DEVELOPING -- >> DOESN'T MATTER, IT PASSED.
>> I'LL WORK WITH KATIE AND PREPARE THE INFORMATION AND DISTRIBUTE THAT.
MAYBE WE CAN EVEN GET ON A ONE-ON- ONE MEETING AND HAVE KATIE JOIN US BY TEAMS AND GO THROUGH THE GRAPH IN MORE DETAIL. MAYBE GO BACK A COUPLE YEARS, WHATEVER MAKES SENSE TO US.
FURTHER THAN THAT MAY NOT BE ACCURATE, THE MARKET IS CHANGING
MOVING FORWARD. >> THAT'S WHY WE WERE CONCERNED AND DIDN'T PUT IT IN. HISTORICAL IS NOT GREAT REPRESENTATION OF WHAT WE PROJECT FOR THE FUTURE.
WE'RE HEARING DATA CENTERS COMING, ELECTRIC GENERATION COMING BACK ONLINE, THOSE WILL SWAY THE MARKET. HISTORICAL, WE FELT, WAS NOT A GREAT REPRESENTATION OF WHAT WE EXPECTED THE MARKET TO BE GOING FORWARD. BUT TO LOOK AT WHAT YOU PAY -- I DIDN'T LOOK FROM THAT PERSPECTIVE.
THOUGHT YOU MIGHT USE IT TO PROJECT IT FORWARD AND TRYING TO AVOID THAT. BUT IF WE WANT TO LOOK AT HISTORICAL TO SAY ARE YOU FAYING 500,000, 600,000, WHAT ARE YOU PAYING VERSUS THIS, WE CAN LOOK AT THAT.
>> AND GAUGE THE RANGE ON WHAT THE RISK WOULD BE TO HELP ADDRESS YOUR CONCERNS.
>> IF THE RISK IS TOO MUCH, POWER/GAS ADJUSTMENT.
>> AGAIN, WE'VE GOT A GREAT PROGRAM FOR THE PCA, POWER COST ADJUSTMENT ON THE ELECTRIC SIDE AND COULD DEVELOP, WE'RE WE'RE THE WORKS OF DOING THAT NOW WITH THE GAS SYSTEM.
WE WOULD BE DEVELOPING A SYSTEM SIMILAR TO THAT, KNOW WHAT IT WOULD BE 12 MONTHS OUT, MAYBE WEATHER THE STORM UNTIL THE MARKET CHANGES OR KATIE CAN SELL IT OR WE'LL HAVE SAVINGS DURING THE SUMMER. WE'LL WORK THROUGH THE NUMBERS EACH AND EVERY MONTH FOR A STRETCH OF TIME.
>> WHEN DOES IT GO INTO EFFECT?
>> THE AGREEMENT WOULD BE SIGNED AS SOON AS WE
[01:15:02]
FINALIZE THE AGREEMENT, WHICH WE'RE GOOD ON NOW. YOU WOULDN'T PAY UNTIL THE PIPELINE IS IN SERVICE. THEY'RE PREDICTING SEPTEMBER 2028. CONSTRUCTION, YOU NEVER KNOW, COULD GET PUSHED BACK A MONTH OR TWO. YOU START PAYING ONCE THE GAS IS FLOWING.>> FMPA DID PURCHASE CAPACITY ON THE PIPELINE, I DON'T KNOW THE VOLUME, BUT QUITE A BIT.
OTHER GAS PROVIDERS IN THE STATE, I DON'T REMEMBER AND I DON'T KNOW IF I CAN MENTION THEIR NAME, BUT THEY HAVE CAPACITY TO SELL NOW TO FMPA AND THEY'RE NOT RENEWING THAT AGREEMENT, THEY WANT TO KEEP IT FOR THE CONCERN THAT CAPACITY WILL BE SLIM. IT'S ALWAYS BEEN PRETTY CHEAP BUT IT'S MUCH MORE EXPENSIVE. YOU'RE÷÷ NOT USING THE MOLECULES BUT BUYING THE SPACE.
>> THIS IS GOING TO BE 20, 30 YEARS, WE WON'T KNOW WHETHER WE GET IT RIGHT.
>> WE CAN MANAGE THROUGHTHROUGH DART, BUT LONG-TERM GROWTH, MAYBE WE'LL WISH WE BOUGHT MORE, BUT NEXT COUPLE OF YEARS WE'RE GOING TO WORK CLOSELY TO MANAGE IT.
>> THIS IS PHASE IX. LAST TIME WAS PHASE I.
WE'VE BEEN ABLE TO ABLE FOR 50 YEARS TO MANAGE IT FOR YOU.
NOW WE'RE GETTING TO THE POINT OF SAYING IT'S GETTING TIGHT, MARKET IS GETTING HOT AND WE'RE GETTING CONCERNED AND TRYING TO DO SOMETHING ABOUT IT. TO YOUR POINT, YES, IT'S A LONG PLAY BUT WE MADE THAT DECISION -- WE WEREN'T THERE, BUT WHOEVER IN THE '70S SET IT UP FOR A GOOD, LONG WHILE. WE HOPE WE SET THAT AND RIDE IT THE NEXT 30, 40, 50 YEARS.
>> WE'LL COME BACK AROUND WITH ADDITIONAL INFORMATION AS REQUESTED TODAY PER COST AND LOOK AT SYSTEM SENSITIVITY WITH A RANGE BACK AND WHAT IT
[Items E.3. & E.4. ]
LOOKS FORWARD.>> OKAY. NEXT ITEM, THANK YOU.
>> I DON'T EXPECT THE NEXT ITEM TO BE THIS LONG.
>> BETTER NOT, I ALREADY SIGNED IT.
>> NEXT TWO ITEMS WILL BE IN A SINGLE PRESENTATION FOR SIMPLICITY AND SUBMITTED TO THE FILE FOR RECORD.
APPROVE RESOLUTION 2025- 015 FOR UTILITY REVENUE NOTES.
SECOND IS ADOPT THE RESOLUTION 2025-16 FOR DEBT AT THE TIME OF THE BOND ISSUANCE. WE'VE GONE OVER THIS WITH EACH OF THE BOARD MEMBERS. TURN IT OVER TO OUR CHIEF FINANCIAL OFFICER ACCOMPANIED BY PFM, AND WE HAVE DUANE DRAPER, THE BOND COUNSEL AND ANOTHER ON DECK IF NEEDED.
>> THANK YOU, MR. CISNEROS. CHAIRMAN, BOARD MEMBERS, THANKS FOR GIVING US THE OPPORTUNITY TO REQUEST APPROVAL OF THE NOTE SERIES, THE LINE OF CREDIT WE'VE BEEN SPEAKING WITH YOU ABOUT SINCE THE BUDGET WAS APPROVED IN AUGUST.
I'D LIKE TO START OFF THE AGENDA FOR THE PRESENTATION, INTRODUCING THE FINANCE TEAM. NO ONE CAN OPERATE ON THIS ALONE. WE'LL ALSO GO AND DISCUSS THE PURPOSE OF THE LINE OF CREDIT, WHY WE'RE GOING THROUGH THE PROCESS, GO OVER THE TIME LINE AND RESULTS AND THE FINANCE'S TEAM SUGGESTION OF RECOMMENDED LENDER, READING AND APPROVAL OF TWO RESOLUTIONS. AS MR. CISNEROS MENTIONED, I HAVE A TEAM BEHIND US. EVERYBODY ON THE LIST HAS A TEAM BEHIND THEM. DIRECTOR OF UTILITIES, GENERAL COUNSEL AND MYSELF. WE HAVE A GROUP BESIDES US OF EXPERTS TO GUIDE WITH RATE CONSULTING, FINANCIAL ADVISING AND BOND COUNSEL. JULIA AND DUANE ARE HERE.
THE PURPOSE OF THE LINE OF CREDIT. AS A REMINDER, IT'S TO PROVIDE FPUA WITH INTERIM FANNING FOR CAPITAL IMPROVEMENT PROJECTS.
THE LINE THE CREDIT IS HELPING WITH TWO THINGS.
HELPS US MANAGE CASH FLOW FOR THOSE PROJECTS PARTIALLY GRANT FUNDED.
GRANTS ARE REIMBURSEMENT, HELPS US WITH EXPENDITURES AND REIMBURSEMENT. LINE OF CREDIT HELPS US WITH THAT. ALSO IT'S GOING TO HELP
[01:20:03]
US WITH INTERIM FINANCING ON THE PROJECTS IN FRONT OF YOU. THESE ARE THE LIST OF PROJECTS WE GOT APPROVED IN THE BUDGET TIME. THESE ARE THOSE IDENTIFIED, $75 MILLION OF THOSE CAPITAL PROJECTS WE NEED TO GO OUT TO DEBT ISSUANCE, NOT PROJECTED UNTIL SPRING OF '26, SEVEN MONTHS INTO OUR FISCAL YEAR. WHAT THIS WILL ALSO DO, ALLOW US TO CONTINUE WORKING ON PROJECTS WE'RE WORKING ON AND START UP THE PROJECTS BUDGETED FOR THIS YEAR IN ANTICIPATION OF THE BOND PROCEEDS BEING RECEIVED IN THE SPRING.WHEN WE RECEIVED THE LINE OF CREDIT, THE BOND ISSUANCE WILL PAY OFF THAT LINE. WHEN WE HAD THIS APPROVED AT ANNUAL BUDGET, THREE YEARS. FINANCE STAFF AND JULIA ASKED US TO GO TO THE DRAW BOARD, HOW MUCH OF THE DRAW DO YOU NEED, 10 MILLION, 20 MILLION, LINE OF CREDIT, WHAT DOES IT LOOK LIKE? WE WENT IN, WE KNEW THE ANNUAL BUDGET WOULD HAPPEN, HOW MUCH ARE WE GOING TO SPEND BEFORE WE RECEIVE THE BONDS IN THE SPRING. THOSE NEEDING TO BE FUNDED, ANTICIPATED SPEND DOWN. IT HELPED US REALLY SECURE THE AMOUNT WE NEEDED TO HAVE A LINE OF, BUT ALSO IN THE NEXT COUPLE OF SLIDES, NEED TO ESTIMATE THE INTEREST COSTS FOR THE DRAWDOWNS. ONCE THE DEPARTMENTS GAVE US $15$15 MILLION DRAWDOWN, IT WAS TIME TO GO TO THE DRAWING BOARD. ANNUAL BUDGET WAS APPROVED AUGUST 5TH. AUGUST 15TH, JULIA'S FIRM PFM WAS ABLE TO RELEASE FOR DUE DATES OF SEPTEMBER 2ND AND ALLOWED TIME TO PUBLISH FOR COMPETITIVELY PROCURED ONLINE, AUGUST 17TH AND 18T H, AND AUGUST 20TH AND 24TH. SEPTEMBER 2ND, ALL PROPOSALS CAME IN. PROVIDED A SUMMARY OF PROPOSALS, HAD A MEETING WITH THE FINANCING TEAM, IDENTIFIED AND SELECTED A PREFERRED LENDER.
PNC CAME IN WITH THE MOST ATTRACTIVE PROPOSAL THAT FIT OUR FINANCING NEEDS. CIRCULATION OF DRAFT RESOLUTIONS AND OTHER DOCUMENTS CAME IN FROM BMO. SEPTEMBER 8TH TO OCTOBER 7TH, THERE'S BEEN REVIEW OF THE DOCUMENTS, BACK AND FORTH BETWEEN LEGAL, BOND COUNSEL, FINANCIAL AND LAW REVIEW TO GO BACK AND FORTH TO PRESENT THETHE FOR YOU TODAY. ANTICIPATE THE CLOSING OCTOBER 10TH, NOT IN- PERSON CLOSING BUT CLOSING. THEN WORKING ON ALL THE DOCUMENTS NEEDED FOR RATE CONSULTANT, ENGINEERING REPORT, BOND, TRADE CONSULTANTS WILL BE WORKING TOGETHER FOR THE END RESULT OF A BOND ISSUANCE IN SPRING OF '26.
WHAT DOES THAT LOOK LIKE OR COST? WITH PNC, OUR SELECTED VENDOR, BASED ON THE DRAWDOWN SCHEDULE PRESENTED, HOW WE ESTIMATED INTEREST INCURRED, THEY CAME IN LOWEST VARIABLE RATE. OTHER LENDERS WERE HIGHER AND THERE WERE OTHERS THAT PROVIDED A LINE OF CREDIT BUT ALSO A TERM LOAN. WHEN YOU'RE EYES GO TO THE INTEREST RATES, THEY WERE LOWER, BUT THEY PROPOSING A TERM LOAN. WE DON'T THINK WE NEED A TERM LOAN BECAUSE YOU'RE PAYING INTEREST FROM THE TIME YOU GET IT AND DRAWDOWN SCHEDULE IS OVER SEVEN MONTHS, VARIABLE LINE OF CREDIT WAS BEST WAY FOR US.
PNC, IF DRAWDOWNS HAPPEN EXACTLY AS ANTICIPATED, WITH COSTS, TOTAL COST TO THE LINE OF CREDIT PRIOR TO RECEIVING THE BOND PROCEEDS WOULD BE $253,000. LITTLE LESS THAN A DAY OF CASH. I TOOK A COMPARISON TO THE NEXT CLOSEST LENDERS, AND THEY WERE AT 292,000 AND 295,000 ALMOST. JUST INTEREST RATES WERE BIGGEST DRIVER. PNC WAS BY FAR MOST COMPETITIVE AND THEY PROVIDED EVERYTHING WE NEEDED. THE FIRST RESOLUTION WILL BE
[01:25:07]
TO AUTHORIZE THE ISSUANCE OF THE REVENUE NOTE ANDAND NOT TO EXCEED 15 MILLION. AND AUTHORIZES PNC.>> MR. CHAIRMAN, I THINK WE SHOULD SAY FOR ANYBODY PAYING ATTENTION, WE'VE ALL BEEN BRIEFED ON THIS.
IT'S NOT SOMETHING WE'RE JUST GOING TO DO BLINDLY, WE'VE ALL HAD IT -- MINE WAS OVER AN HOUR OF BRIEFING OF THIS.
WE'VE ALL BEEN VERY WELL EDUCATED ON
THIS. >> THIS IS JUST A GAP OF TIME TO COVER. THANK YOU VERY MUCH FOR CRUNCHING THE NUMBERS WITH EACH LENDER.
I APPRECIATE THAT WE GOT TO SEE IT LAID OUT, WHAT THE TOTAL WOULD HAVE BEEN. THANK YOU.
>> MR. CHAIRMAN, I DO HAVE A QUESTION I ASKED BEFORE AND YOU ANSWERED IT, BUT I FORGOT. THE LINE OF CREDIT, REVOLVING OR NON?
>> NONREVOLVING. >> RESOLUTION UA 2025-15, RESOLUTION OF FORT PIERCE UTILITIES AUTHORITY OF FORT PIERCE, FLORIDA, SUPPLEMENTING AND AMENDING THAT ADOPTED MAY 17, 2022, AUTHORIZING THE ISSUANCE OF FORT PIERCE UTILITIES AUTHORITY NOTES IN A PRINCIPAL AMOUNT FOR PROJECTS. APROVING THE FORM, AND AUTHORIZING THE DELIVERY OF NONREVOLVING CREDIT AGREEMENT.
PROVIDING CERTAIN OTHER DETAILS WITH RESPECT THERETO, PROVIDING EFFECTIVE DATE FOR THIS
RESOLUTION. >> MOTION TO APPROVE?
PRESENTATION? >> THAT MICHELLE SHOULD RUN THROUGH. BECAUSE WE'RE DOING THE LINE OF CREDIT AND END GAME IS TO DO A BOND ISSUANCE IN THE SPRING, IT'S APPROPRIATE FOR US TO TRY AND GET APPROVAL FOR RESOLUTION UA 2025-16, REIMBURSEMENT RESOLUTION. IN THE '22 ISSUANCE, WE HAD THIS AT THAT TIME.
IT'S NOTICE OF INTENT, YOU KNOW YOU'RE GOING TO ISSUE DEBT IN THE FUTURE. SO IT'S THREE-FOLD.
IT ALLOWS US TO REIMBURSE UNRESTRICTED CASH.
DESCRIBES THE PROJECTS, AND APPLICABLE FOR EXPENDITURES MADE UP TO 60 DAYS PRIOR TO ADOPTION.
WE HAVE A LIST OF PROJECTS WE KNOW WE'RE GOING TO SPEND BOND PROCEEDS ON. TODAY IS OCTOBER 7TH, IF THIS IS ADOPTED, 60 DAYS FROM TODAY. ANY EXPENSES WE HAVE PAID FROM AUGUST 7TH TO THE TIME WE ISSUE -- RECEIVE THE BOND PROCEEDS, WE CAN REIMBURSE OURSELVES FOR THOSE AND SPEND DOWN THE BOND PROCEEDS AT THAT TIME OR REIMBURSE US FOR CASH OR THINGS LIKE THAT.
WITHOUT THIS RESOLUTION, WE CAN'T LOOK BACK.
THIS IS SAYING WE KNOW WE'RE GOING TO INCUR SOME DEBT AND RECEIVE BOND PROCEEDS. STARTS FROM THE 7TH.
>> JUST WANT TO CLARIFY, THE INTEND TO DO IN THIS SPRING, FOR ALL THOSE PROJECTS, WE'RE DOING THOSE IN THREE YEARS, AM I REMEMBERING RIGHT?
>> RESOLUTION. >> UA 2025- 16, A RESOLUTION OF THE FORT PIERCE UTILITIES AUTHORITY OF THE CITY OF FORT PIERCE, FLORIDA, ESTABLISHING INTENT TO REIMBURSE THEIR OWN EXPENDITURES IN CONNECTION WITH VARIOUS CAPITAL IMPROVEMENT PROJECTS RELATED TO FPUA COMBINED AND CONSOLIDATED SYSTEMS, AND MORE PARTICULARLY DESCRIBED HEREIN.
[01:30:04]
INCURRED WITH PROCEEDS WITH TAXABLE OR TAX EXEMPT FINANCING, PROVIDING OTHER MATTERS AND EFFECTIVE DATE.>> SECOND FROM MS. BENNETT. CALL THE
>> YES, MA'AM. >> THANK YOU, MICHELLE,
[E.5. Boys & Girls Club of St. Lucie County Strategic Partnership Presentation]
JULIE, DUANE, RICK AND THE REPRESENTATIVE FROM PNC AS WELL. SORRY I DIDN'T INTRODUCE HIM.>> NEXT, THE FPUA STRATEGIC PARTNERSHIP WITH BOYS & GIRLS CLUB.
>> CHAIRMAN FEE, MAYOR HUDSON, BOARD, IT'S OUR PLEASURE TO PRESENT TO YOU THAT PARTNERSHIP WITH BOYS AND GIRLS CLUB.
HAPPY TO HAVE GABBY HERE. TALK ABOUT OUR SPONSORSHIP PROGRAM AND SPECIFICALLY WHAT IS THE NATURE OF OUR RELATIONSHIP WITH BOYS & GIRLS CLUB AND WHY WE'RE EXCITED TO MOVE FORWARD AND ENHANCE THAT PARTNERSHIP. TALK ABOUT THE SPONSORSHIP PROGRAM BROADLY. WHY DO WE DO IT, WHAT IS THE REASON WE ALLOCATE THE TIME, RESOURCES AND STAFF TOWARD THE SPONSORSHIP PROGRAM? WE WANT TO TELL THE STORY OF FPUA AND DEMONSTRATE OUR ENGAGEMENT IN THE COMMUNITY. WE LIVE IN THE COMMUNITY AND WANT THE COMMUNITY THROUGH THOSE INTERACTIONS TO KNOW WHO WE ARE. ULTIMATELY IT'S OUR MISSION TO ENHANCE THE QUALITY OF LIFE IN FORT PIERCE AND THE SURROUNDING AREA. HOW DO WE DO THAT? HOW DO WE MANAGE THIS SPONSORSHIP PROGRAM? PROBABLY NEED TO TELL YOU WHAT IT'S NOT TO DESCRIBE TO YOU HOW WE DO IT.
IT'S NOT A CHARITY FOR CHARITIES, IT'S A VEHICLE FOR US TO ESTABLISH RELATIONSHIPS THAT TELL THE STORY OF WHOWHO IS AND THE POSITIVE IMPACT WE HAVE IN OUR COMMUNITY.
ONE OF THE WAYS THAT WE GO ABOUT ADMINISTERING THIS PROGRAM IS THE FIRST THING TO DO IS SUBMIT A WEB- BASED REQUEST FOR SPONSORSHIP. WE GO THROUGH THE LIST OF CONSIDERATIONS, GEARED TOWARD MAKING SURE IF WE ENGAGE A RELATIOSHIP WITH THAT ORGANIZATION WE CAN HAVE THE BEST IMPACT.
ARE THEY IN OUR SERVICE AREA. WOULDN'T BELIEVE WE GET REQUESTS FROM PEOPLE NOT IN FORT PIERCE SERVICE AREA. WANT TO MAKE SURE IT'S NOT A FLY BY NIGHT ORGANIZATION, THERE'S LONGEVITY. DEMONSTRATED IMPACT IN THE COMMUNITY. WE ALSO WANT TO MAKE SURE THERE'S AN OPPORTUNITY FOR US TO ACTUALLY ENGAGE IN RELATIONSHIP. WE DON'T WANT TO BE IN A TYPE OF RELATIONSHIP WHERE WE'RE SIMPLY WRITING A CHECK. WE WANT A TYPE OF RELATIONSHIP THAT WOULD ENABLE US TO ENGAGE -- FOR THAT ORGANIZATION TO ENGAGE WITH OUR STAFF AND FOR US TO TELL THAT STORY.
ALSO WANT TO MAKE SURE THERE'S ENOUGH TIME ONCE WE START THAT RELATIONSHIP FOR US TO GET THAT BENEFIT THAT WE WANT IN TERMS OF ADVERTISING FPUA'S INVOLVEMENT, GIVING OPPORTUNITY FOR OUR STAFF TO BE INVOLVED.
ONCE WE MAKE THAT DETERMINATION WE WANT TO ENTER INTO THAT RELATIONSHIP, WE COMMUNICATE WITH THE ORGANIZATION WHETHER IT'S FUNDED OR NOT. ONE OF THE NEW THINGS WE HAVE DONE -- PREVIOUSLY THROUGH THE GOOD WORK FPUA HAS DONE THROUGH SPONSORSHIP PREVIOUSLY, THEY GO THROUGH THE PROCESS AND CONSIDERATIONS, THEN THERE'S A CHECK MAILED.
BUT ONE THING WE HAVE DONE NOW, WE HAND DELIVER THOSE CHECKS JUST TO INCREASE THAT LEVEL OF INVOLVEMENT AND FAMILIARITY BETWEEN FPUA STAFF AND THE ORGANIZATION. ON THE RIGHT, JUST A COUPLE OF PICTURES. ONLY REASON WE PICKED THOSE, THREE OF THE MOST RECENT SPONSORSHIP PROGRAMS WE DID.
ON TOP IS A LOCAL 501 C 3 CORPORATION THAT USES THE
[01:35:03]
ARTS TO ENRICH THE LIVES OF THE YOUTH OF FORT PIERCE.THEY'VE BEEN AROUND 15 YEARS AND THEY HAVE THEIR BIGGEST FUNDRAISER COMING UP THE FIRST WEEK OF NOVEMBER.
I WAS HAPPY TO JOIN THEM IN THE AFTERSCHOOL PROGRAM WITH KIDS RUNNING AROUND THE BUILDING.
THAT'S WHAT YOU SEE THERE. RIGHT, FORT PIERCE ART CLUB.
BOTTOM LEFT, A NEWER ORGANIZATION, FUTURE GENERATION OF FORT PIERCE, THEY ALSO USE MUSIC, TO MAKE THE JOY OF MUSIC KNOWN TO ALL KIDS OF FORT PIERCE. THEY HAD SUMMER CAMP AND WE SPONSORED THEIR BACK-TO- SCHOOL GIVING OF ITEMS TO STUDENTS PART OF THE SUMMER CAMP. WHY DO WE DO THIS SPONSORSHIP PROGRAM? NOT JUST TO BE NICE, WHAT WE DO IS DIRECTLY TIED TO OUR STRATEGIC PLAN, AND IN 2023, THAT FOCUSED ON COMMUNITY RELATIONS. WE WANTED TO USE COLLABORATIVE COMMUNICATION TO BUILD STRATEGIC RELATIONSHIPS. THAT'S NOT MY LANGUAGE, IT'S FROM THE 2023 STRATEGIC PLAN.
TO COMMUNICATE WITH THE EXTERNAL STAKEHOLDERS TO ESTABLISH RELATIONSHIPS. SECONDLY, THE ACTION OF THAT COMMUNITY RELATION WAS TO FOSTER POSITIVE RELATIONSHIPS WITH YOUTH-ORIENTED ORGANIZATIONS SO WE COULD REACH THE NEXT GENERATION OF FPUA CUSTOMERS AND EMPLOYEES. BOYS & GIRLS CLUB PROVIDES THAT OPPORTUNITY. IN THAT SAME VEIN OF THOUGHT, CONTINUES INTO THE 2025 STRATEGIC PLAN, WANTED TO ENHANCE THE CUSTOMER EXPERIECE THROUGH CLEAR COMMUNICATION AND EDUCATION.
THAT'S GEARED TOWARD OUTREACH AND ENGAGEMENT.
WE WE SIMPLY WANT TO INCREASE PUBLIC UNDERSTANDING ABOUT WHAT WE'RE DOING IN AND THROUGH FPUA AND IN THE COMMUNITY. NEXT SLIDE TALKS ABOUT WHY BOYS & GIRLS CLUB. WHY A STRATEGIC PARTNERSHIP WITH THEM. YOU SEE THE REACH OF THE BOYS & GIRLS CLUB OF ST. LUCIE COUNTY, THE NUMBER OF KIDS, 16,000 SERVED ANNUALLY THROUGHOUT THE COUNTY.
OVER 2,500 IN THE FORT PIERCE SERVICE AREA.
89% OF THE CLUB MEMBERS HAVE IMPROVED SKILLS, INCREASED GPAS. THOSE KIDS IN TURN GET INVOLVED IN COMMUNITY SERVICEPROJECTS. GABBY, YOU WANT TO TALK ABOUT
THIS? >> PULL THE MIC CLOSER TO YOU.
>> THANK YOU. HELLO, THANK YOU ALL FOR HAVING ME TODAY. YES.
TO SHARE MORE ON THE IMPACT, WE HAVE OUR LARGEST CLUBHOUSES LOCATED HERE IN FORT PIERCE.
WE ARE SERVING THE COMMUNITY AND WE KEEP GROWING, LOOKING AT WAYS TO IMPACT MORE OF THE YOUTH. SUPPORT OF THE FPUA HAS BEEN ESSENTIAL FOR US TO DO THE JOB WE'RE DOING.
THANK YOU SO MUCH FOR THAT, THE SUPPORT YOU'VE SHOWN US OVER THE YEARS. I'M PLEASED TO HEAR SOME OF THE STRATEGIC PLAN AS WELL. OUR STRATEGIC PLAN, I KNOW WHERE IT ALIGNS.
IT'S A PRIVILEGE TO OVERHEAR THE FIRST PART OF YOUR MEETING AND SEE WHERE WE'RE AIMING TO GO, A LOT OF FOCUS ON THETHE FORCE, PREPARING SKILLED YOUTH TO BE THE NEXT GENERATION PROBABLY OF EMPLOYEES OF FPUA IS WHERE YOU'RE LOOKING TOWARDS, TOO.
IT ALL MATCHES. >> ABSOLUTELY.
I DO WANT TO SAY, WHEN YOU ANSWER THE QUESTION WHY BOYS & GIRLS CLUB, PART IS BECAUSE OF GABBY. NOT PERSONALLY BUT BECAUSE OF HER ROLE. SEVERAL YEARS AGO, FPUA MET WITH BOYS & GIRLS CLUB AND ASKED HOW CAN WE ENHANCE THIS RELATIONSHIP, MORE THAN JUST SIMPLY GIVING OF MONEY BUT BEBE TO CREATE A RELATIONSHIP WHERE KIDS ARE GETTING INVOLVED IN FPUA AND THERE IS OPPORTUNITY FOR STAFF TO GET INVOLVED AS WELL. SO THEY MET, RACHEL AND GABBY.
AND THE STRATEGIC PLAN NOW, THE FACT THAT BOYS & GIRLS CLUB HAVE A STAFF DESIGNATED TO ENHANCING THAT PART OF THE RELATIONSHIP IS PART OF THE REASON WHY BOYS & GIRLS CLUB IS PERFECT FOR THIS TYPE OF RELATIONSHIP. MOVING ON, WHAT HAVE WE DONE?
[01:40:05]
EACH YEAR BOYS & GIRLS CLUB OF ST. LUCIE COUNTY HAVE A YOUTH OF THE YEAR COMPETITION, THEY SOLICIT YOUTH IN A COMPETITION, LOCAL, STATE AND NATIONAL LEVEL, WHERE THEY PRESENT THROUGH PUBLIC SPEAKING, GO BEFORE A PANEL AND SHOW THEIR GROWTH AND THEIR SKILLS AS YOUTH.THROUGH THAT ENHANCING PREVIOUSLY WHAT'S BEEN DONE, GABBY AND FPUA WORKING TOGETHER, FPUA HOSTS A MOCK COMPETITION. THE TEAMS ARE ABLE TO COME BEFORE OUR STAFF. CREATE A PANEL THAT YOU SEE IN THE PICTURE, THEY'RE ABLE TO HONE THOSE SKILLS BEFORE THEY GO TO THE NEXT LEVEL OF STATE AND HOPEFULLY LATER, THE NATIONAL COMPETITIONS.
ON THE LEFT, THE MOST RECENT YEAR, ST. LUCIE COUNTY REPRESENTATIVE, AND RIGHT, THE TEAM OF FPUA STAFF THAT VOLUNTEERED TO COME OUT WITH BOYS & GIRLS CLUB STAFF AND HELP.
AND WE HAVE THE BOYS & GIRLS CLUB, I THINK THEIR LARGEST FUNDRAISER, CHILI COOKOFF THAT OUR STAFF HAVE PARTICIPATED IN.
FPUA'S HEAVYWEIGHT, I MEAN IN TERMS OF IMPACT, SOME STAFF AT THE ACTUAL ANNUAL COOKOFF.
THEN ON THE RIGHT, SOMETHING WE'VE DONE, INTERNAL CHILI COOKOFF TO SELECT THE BEST FROM FPUA STAFF THAT THEN WILL REPRESENT FPUA AT THE BIG SHIN SHINDIG, IF YOU WILL.
THAT'S ON THE RIGHT. REASON I HIGHLIGHT THOSE BECAUSE IN ADDITION TO, ABOVE AND BEYOND THE SPONSORSHIP THAT FPUA DOES FOR BOYS & GIRLS CLUB, OUR STAFF ON VOLUNTEER BASIS HAVE GOTTEN INVOLVED IN LAST FEW YEARS AND CONTRIBUTED SIGNIFICANTLY TO BOYS & GIRLS CLUB EFFORTS TO IMPACT YOUTH IN THE COMMUNITY. BEGINNING FISCAL '23, RAISED JUST OVER $4,000. THERE WAS A LITTLE BIT OF A DROP- OFF THE NEXT YEAR SIMPLY BECAUSE OF A HURRICANE AND DIDN'T GET TO HAVE OUR INTERNAL COOKOFF. BUT LAST YEAR -- JUST THE BEGINNING THIS YEAR, FISCAL '25. ALREADY RACED JUST UNDER $3,000.
TOTAL THE LAST 2 1/2, 3 YEARS, JUST UNDER $9,000 HAVE BEEN RAISED ON VOLUNTEER BASIS BY STAFF AT FPUA. I HAVE TO UNDERSCORE AGAIN THAT'S ABOVE AND BEYOND WHAT FPUA AS AN ORGANIZATION -- THAT'S A PART OF THIS SPONSORSHIP. GOING TO TALK ABOUT HOW WE PLAN TO ENHANCE THIS PARTNERSHIP, I'M EXCITED EXCITED ABOUT DID.
GABBY. >> TO CONTINUE THE POINT OF GROWTH AND HOW ESSENTIAL IT'S BEEN TO UNDERSTAND THE GOALS FOR FPUA AND THE GOALS FOR BOYS & GIRLS CLUB AND FINDING COMMON PLACES TO GROW TOGETHER, LAST FEW YEARS, THE RELATIONSHIP HAS EVOLVED AND CHANGED FROM SPONSORSHIP TO ACTUAL RELATIONSHIP OF COLLABORATION. AND IT CONTINUES TO EVOLVE NATURALLY EACH YEAR. WE BEGIN WITH SUPPORTING ACTIVATION AND YOUTH RECOGNITION, NOW WE HAVE A LOT OF HANDS- ON ENGAGEMENT FROM THE STAFF AT FPUA WITH THE CLUB KIDS.
SPECIFICALLY THIS YEAR, WE HAVE DEVELOPED PROGRAMMING THAT HAS FOCUSED ON SOME S.T.E.M. NEEDS IN THE COMMUNITY, AND WE HAVE DIVIDED THE WHOLE YEAR IN FOUR MAJOR AREAS.
WHEN WE GOTGOT ABOUT HOW THE PARTNERSHIP WOULD WORK, THERE WAS OPPORTUNITY FOR US TO USE THE PROFESSIONAL AND EXPERTISE OF THE STAFF FROM FPUA, ALREADY WITH A NATURAL INTEREST GROWING OVER YEARS, TO BE HANDS- ON TO PLUG THEM IN. FIRST QUARTER OF THE YEAR, WORKING ON MASTER BUILDERS AND ENGINEERS, DOESN'T IT SOUND LIKE SUPER OPPORTUNITY TO GET THE KIDS EXCITED ABOUT THE FPUA MOVING THE WATER WASTE PLANT? WE HAVE A MINI INFRASTRUCTURE LAB, COULD BRING TO THE CLUB TO SEE WHAT THE WASTE PLANT IS GOING TO BE ABOUT. DOESN'T GET BETTER THAN THAT, 5 OR 6-YEAR- OLD, THAT'S THE TARGET FOR THIS PRESENTATION,
[01:45:02]
ARE GOING TO GET SUPER EXCITED ABOUT SEEING THIS STRUCTURE AND UNDERSTANDING WHAT HAPPENS WHEN THEY USE THE RESTROOM, WHERE EVERYTHING GOES.LET'S BE REAL. ADULTS DON'T WANT THAT CONVERSATION BUT 5 AND 6-YEAR-OLDS WILL GET SUPER EXCITED TO HEAR ABOUT IT. AND YOU'LL PLANT THE SEED OF THE NAME OF FPUA.
OTHERWISE IT WOULDN'T HAPPEN. THERE'S NO WAY THEY COULD UNDERSTAND OR RECOGNIZE WHAT FPUA MEANS TO THE CITY IF NOT FOR CREATING OPPORTUNITIES LIKE THIS. NEXT QUARTER WE'RE GOING TO WORK ON MYTHBUSTERS AND EXPERIMENTS.
THIS ONE, A LOT OF SAFETY IS INVOLVED UNDER THIS PROGRAM, UNDERSTANDING WHAT PEOPLE SAYSAY NOT NECESSARILY WHAT IS SCIENCE BEHIND IT.
WE HAVE ALREADY BROUGHT ONE TIME THE MODEL OF ENERGY SAFETY TO ONE OF OUR CLUBHOUSES AND HAD A GREAT INTERACTION AS WELL. THE KIDS WANT TO UNDERSTAND WHAT HAPPENS IF A KITE HAPPENS TO ACCIDENTALLY TOUCH A POWER LINE AND WHAT SAFETY IS AROUND IT.
IT'S ALSO IMPRESSIVE TO SEE YOUR -- NOT NECESSARILY LEADERSHIP STAFF ENGAGING WITH THE CLUB KIDS. ONES THAT CAME TO THE CLUB AND EXPLAINED THE MODEL ARE THE POWER LINE GUYS.
THEY VISITED AND EXPLAINED WHAT THEIR JOB IS, AND WHAT MEASURE OF SAFETY THE KIDS COULD TAKE AROUND THE HOUSE TO BE SAFE AROUND POWER.
THIRD QUARTER WE'RE WORKING ON WELLNESS WARRIORS AND MOVERS.
THERE'S A PORTION THAT'S SERVICE ORIENTED.
AND I THINK IT WAS MENTIONED HOW MANY HOURS IN A YEAR THE YOUTH ARE COMMITTING TO GIVING BACK TO THE COMMUNITY AND BEING OF SERVICE. KNOWING THAT FPUA ALREADY COMMITS AND OPPORTUNITIES EMERGED TO JOIN FORCES, WE'RE GOING TOTO OUR TEAM WITH STAFF TO HAVE THAT MOMENT OF SERVING TOGETHER TO THE COMMUNITY. VERY PASSIONATE ABOUT IT. IT'S AMAZING.
LAST QUARTER, FUTURE ENGINEERS AND INNOVATORS.
WE'LL GET TO HEAR A LITTLE BIT FROM THE KIDS WHATWHAT UNDERSTANDING IS ON FUTURE CITY UTILITIES. LET'S HEAR FROM THEM A LITTLE BIT WHAT THEY SEE FOR THE FUTURE OF FPUA.
ALSO TO UNDERSTAND WHAT CAREER PATH FPUA HAVE IN PROFESSIONAL LEVEL. WHAT OPPORTUNITIES THEY WILL HAVE AS POSSIBLE WORK FORCE COMING TO FPUA. OVERALL, JUST WE'RE GOING TO KEEP FOCUSING ON CREATING THESE MOMENTS. MAYBE HAVE BEEN NOT AS INTENTIONAL BUT WILL BE SPECIFIC AND INTENTIONAL THROUGH THE YEAR.
>> ABSOLUTELY. WORKING ON TALKING THROUGH POSSIBILITIES OF WORKING WITH BOYS & GIRLS CLUB TO GET EVEN OLDER YOUTH, 18 -- I SAY OLDER YOUTH, YOUNG ADULTS, ALUMNI, GRADUATED HIGH SCHOOL BUT STILL CONNECTED TO BOYS & GIRLS CLUB, GETTING THEM INVOLVED IN AN INTERNSHIP MODEL HERE AT FPUA. SO THE SKY'S THE LIMIT IN TERMS OF POSSIBILITIES OF ENHANCING OUR PARTNERSHIP BEYOND WHAT WE'VE DONE, TO TAKE IT INTO THE FUTURE. BEFORE OPENING IT TO QUESTIONS, I SHOULD HAVE SAID THIS AT THE BEGINNING, THERE'S NO ACTION STEP FOR YOU TODAY ON THIS PRESENTATION. IT'S FOR YOUR INFORMATION ONLY.
BUT WE WOULD LOVE TO ANSWER ANY QUESTIONS YOU MAY HAVE.
>> ANY QUESTIONS FROM THETHE BOARD?
>> WHAT AGE WILL YOUYOU MENTORING THEM, HAVING THEM COME AND LOOK AT DIFFERENT JOB OPPORTUNITIES AT FPUA?
>> IT REALLY VARIES DEPENDING UPON WHICH AREA OF THATTHAT -- THOSE ENHANCED ASPECTS YOU'RE TALKING ABOUT. BECAUSE BOYS & GIRLS CLUB SERVES YOUTHS FROM --
>> KINDERGARTEN. >> -- KINDERGARTEN ON UP.
BUT TALKING ABOUT HIGH SCHOOL AGE, STUDENTS IT'S A LITTLE BIT MORE UNDERSTANDABLE AND SOMETHING THEY CAN ENGAGE WITH AND LEARN FROM. WHEN YOU TALK ABOUT SHOWING THE DIFFERENT CAREERS WITHIN FPUA OR POTENTIAL SUMMER INTERNSHIPS, OBVIOUSLY TALKING ABOUT THAT OLDER YOUTH, HIGH
SCHOOL. >> I DO THINK THAT ISIS AS THAT WE WILLWILL INTERNSHIP, MENTORSHIP OPPORTUNITIES, CAREER PATH PANEL, WILL GET TO ASK
[01:50:03]
QUESTIONS. TEENAGERS WILL BE ABLE TO ENGAGE IN A DIFFERENT WAY THAN AA KID IS.HAVING THAT EXPOSURE THAT I MENTIONED, 5 AND 6-YEAR- OLD SEE THE WATER WASTE PLANT AND ASSOCIATE IT WITH FPUA, THAT IS AGAIN, UNIQUE.
VERY LITTLE PEOPLE WOULD GET THE OPPORTUNITY TO DO.
I THINK EVEN AT SCHOOL, I DON'T KNOW IF YOU NOTICED, I NEVER GOT -- FROM MY DAUGHTER'S CLASSROOM TO TALK WHAT MY JOB IT. WE'RE GETTING AWAY FROM IT.
IF SCHOOLS ARE NOT DOING IT, WHAT OTHER OPTIONS THAN ORGANIZATIONS LIKE BOYS & GIRLS CLUB TO CREATE THE OPPORTUNITIES.
>> ONLY REASON I ASK THAT, A LOT OF OUR MIDDLE SCHOOL STUDENTS ARE IN THE TEEN -- THEY'RE IN THE TEEN AGE. I THINK THEY WOULD BE ABLE TO BENEFIT FROM IT AS WELL.
>> MIDDLE SCHOOL AS WELL AS HIGH SCHOOL.
>> THANK YOU SO MUCH FOR PUTTING THIS TOGETHER.
I LOVE THAT WE'RE GETTING OUR FINGERS INTO THE YOUTH OF FORT PIERCE. IT'S SUCH AN IMPORTANT THING.
SINCE I'VE BEEN ON THIS BOARD, THAT'S BEEN ONE THING, PROBABLY MS. BENNETT AS WELL, THAT OUR YOUTH DON'T KNOW ENOUGH ABOUT WHAT WE DO.
IT'S VERY IMPORTANT AND IT'S A WONDERFUL COMPANY TO BE PART OF. I THINK IT'S IMPRESSIVE TO HEAR WE'RE ABLE TO TOUCH SO MANY OF THEM. I DID HAVE ONE PERSONAL QUESTION. WHO WON THE INTERNAL CHILI
>> I FEEL LIKE SHE SHOULD GET A PLAQUE.
>> SHE GOT A CHAMPIONSHIP RING.
>> I THINK I CAME IN LAST PLACE.
>> I MEAN YOU TOLD ME YOU SPILLED SOME THAT MORNING, SO.
>> MR. CHAIRMAN, I JUST WANTED TO MENTION, TO PIGGYBACK ON YOUR IDEA, LAST YEAR, WHERE THEY -- EVEN THIS YEAR, A COUPLE MONTHS AGO, WE HAD THE EXCHANGE WITH BOYS & GIRLS CLUB ALSO INVITED THIS YEAR WITH THE ADVISORY COMMITTEE?
>> YEP. >> FOR THE JOB -- NOT SEARCH BUT --
>> YOUTH CAREER KNOWLEDGE OR WHATEVER OVER AT THETHE CENTER. WHEN I WAS ON THE ADVISORY COMMITTEE LAST YEAR, IT WAS VERY SUCCESSFUL.
AND THERE WERE MIDDLE SCHOOL, WOULDN'T YOU SAY, RACHEL? MIDDLE SCHOOL STUDENTS THERE. THE IMPORTANCE, AS YOU STATED.
BECAUSE WHEN THE MIDDLE SCHOOL STUDENTS ARE INTRODUCED TO HIGH SCHOOL, THEY'RE ALSO INTRODUCED TO VARIOUS ACADEMIES OF INTEREST, FROM ONE SCHOOL TO THE OTHER. AND IT CAN HAVE A LOT TO DO WITH SCHOOL CHOICE BASED UPON THE VARIOUS ACADEMIES AND INTEREST THAT YOU HAVE PROVIDED TO HELP THEM EXPLORE SOME OPTIONS. I CAN SEE IT BEING APPLICABLE IN THAT REGARD AS WELL. I DIDN'T THINK ABOUT THAT PIECE, BUT I KNOW THERE WERE TEENAGERSTEENAGERS THE LAST ONE.
>> YEAH, I WAS GOING TO BRING UP THE YOUTH CAREER -- WHATEVER.
THAT IS A -- IT WAS AN OPPORTUNITY FOR THE BOYS & GIRLS CLUB. I THINK IT'S A REALLY GOOD FIT BECAUSE I'M SURE THAT THE BOYS & GIRLS CLUB ARE LOOKING FOR MEANINGFUL THINGS TO EXPOSE THEIR MEMBERS TO, BEYOND JUST -- I KNOW IT'S AFTER SCHOOL AND THEY DO SCHOOLWORK AS WELL AS ATHLETICS AND OTHER THINGS, BUT THIS IS A WAY TO HAVE A MEANINGFUL EXPERIENCE FOR THEM BEYOND SOMETHING THAT THEY WOULD GET FROM THEIR HOMES OR IN SCHOOL.
I KNOW IT'S VERY HARD TO INTRODUCE SOMETHING INTO THE CURRICULUM OF THE SCHOOL BECAUSE THE SCHOOL HAS THEIR OWN PLANS AND EVERYTHING THEY HAVE TO FIT INTO IT.
SO BOYS & GIRLS CLUB SEEMS TO BE A NATURAL FIT FOR THIS KIND OF RELATIONSHIP AND THIS BUILDING FOR THE YOUTH TOTO TO A CAREER THAT IS SOMETHING THEY
[01:55:04]
NEVER WOULD HAVE THOUGHT OF OR HAVE TAKEN FOR GRANTED.THEY DON'T KNOW WHERE ELECTRICITY COMES FROM. THIS IS SOMETHING THEY GET TOTALLY EXPOSED TO, SOMETHING THAT I THINK IS REALLY IMPORTANT. SEEMS TO ME LIKE A REALLY GOOD FIT BETWEEN THESE TWO ORGANIZATIONS. GLAD YOU'VE DONE IT, APPRECIATE YOU TELLING US ABOUT IT. AND I REALLY HOPE YOU KEEP EXPANDING. I LIKE THE PLANS FOR ESPECIALLY THE CLEANUPS.
THAT'S REALLY IMPORTANT. FORT PIERCE HAS THIS WHOLE ANTILITTER CAMPAIGN, REALLY TRYING TO CHANGE THE MINDSET OF FORT PIERCE IN TERMS OF KEEPING YOUR OWN AREA CLEAN AND KEEPING THE WHOLE CITY CLEAN. IT'S OUR HOME, OUR CITY, OUR RESPONSBILITY. I KNOW, MR. DANIELS, YOU'VE BEEN TO SOME OF THOSE MEETINGS AND I
[E.6. Totten Substation Expansion - Steel Structures Fabrication]
APPRECIATE YOUR PARTICIPATION IN THAT. THANK YOU VERY MUCH FOR THAT.>> THANK YOU VERY MUCH. NICE PRESENTATION.
>> MR. CHAIRMAN, NEXT ITEM IS REQUEST TO APPROVE THE STEEL STRUCTURES FOR THE TOTTEN SUBSTATION EXPANSION. IT'S PART OF THE SYSTEM EXPANSION FOR ELECTRIC CAPACITY. DAVID WILL PRESENT THIS ITEM.
>> THANK YOU MR. CISNEROS, GOOD AFTERNOON, CHAIRMAN FEE AND HONORED BOARD MEMBERS. BOTH TRANSFORMERS AT TOTTEN SERVE SOUTHWEST PORTION OF THE ELECTRIC SERVICE TERRITORY, ARE AT 81% MAXIMUM CAPACITY. SEVERAL FUTURE CUSTOMERS IN THE AREA REQUIRE ELECTRIC SERVICE BUT OUR ABILITY TO SERVE THEM IS NEARING ITS LIMIT.
TO ADDRESS THIS, ADDITION OF A THIRD TRANSFORMER AT TOTTEN ISIS TO ACCOMMODATE NEW CUSTOMERS AND ENHANCE THE RELIABILITY OF THE EXISTING SYSTEM. THE BID UNDER CONSIDERATION COVERS THE PURCHASE OF MATERIALS, AND THE DESIGN OF THE FOUNDATION AND STRUCTURES USED TO SUPPORT THE WORK AND EQUIPMENT FOR THE THIRD TRANSFORMER. THE PACKAGE WILL ENSURE ALL COMPONENTS DELIVERED, ALLOW FOR INSTALLATION BY OUR CONTRACTOR LATER, PROBABLY FISCAL 2027.
THIS WILL BE BUDGETED ACROSS FISCAL 2026 AND 2027.
STEEL STRUCTURE IS EXPECTED TO ARRIVE LATER THIS FISCAL YEAR.
REQUEST FOR PROPOSAL FOR THE PROJECT WAS UPLOADED TO DEMAND STAR MARCH 11TH, ADVERTISED MARCH 5TH AND 12TH. BID OPENING TOOK PLACE MAY 20T H, 11:40 A.M.
IT WAS DISTRIBUTED TO 59 VENDORS, 19 REQUESTED SPECIFICATIONS, TWO SUBMITTED PROPOSALS, AND ONE A UNTIL YOU PROPOSAL. 16% RATE.
RECOMMEND TO AWARD IT TO PEAK SUBSTATION SERVICES, ALABAMA, IT WILL RUN FROM OCTOBER 8TH THIS YEAR TO OCTOBER 7, 2026.
SUBJECT TO INSURANCE. AND REQUESTS AUTHORIZATION FOR CHANGE ORDERS UP TO 50,000 TO FACILITATE THE COMPLETION OF THE PROJECT. THAT'S MY PRESENTATION. IF YOU HAVE QUESTIONS, I'M HAPPY TO ATTEMPT TO ANSWER.
OUTSIDE STRUCTURE? >> THIS IS THE PHYSICAL BUSWORK INSIDE OF A SUBSTATION.
>> SO MEETS WHAT WIND STANDARDS?
>> CHANCES ARE AT LEAST CATEGORY FIVE OR HIGHER. THAT'S THE NEW DADE COUNTY
CLASSIFICATION. >> WHAT WE HAVE TO DO. GREAT. THANK YOU.
>> I HAVE QUESTIONS ABOUT THE CHANGE ORDERS UP TO 50,000. IS THAT MULTIPLE EACH FOR 50,000 OR ONE CHANGE ORDER.
>> THERE'S ALREADY A PURCHASING THRESHOLD UP TO 50,000 AND WE'RE TRYING TO PROVIDE CLARIFICATION HOW WE CALCULATE IT. I'M ASKING FOR APPROVAL TO ALLOW THE DIRECTOR OF UTILITIES TO AUTHORIZE CHANGE ORDERS CUMULATIVELY UP TO 50,000. THERE'S A STATE LAW THAT NOW REQUIRES A TURNOVER OF CHANGE OVER, APPROVAL OR DENIAL WITHIN 35 DAYS. AND DEPENDING ON THE DATE IT COMES IN, WE MAY MISS A MEETING TO COME BACK TO THE
[02:00:02]
BOARD. HOWEVER WE INTEND ON ENSURING THE BOARD IS AWARE OF THE CHANGE ORDERS THAT COME ALONG. THIS IS INTENDED TO MATCH UP WITH HIS PURCHASING AUTHORITY.>> WE HAVE, BUT IT'S BEEN A WHILE.
ANY OTHER QUESTIONS TO THE BOARD MEMBERS? WE HAVE A VOTE -- MOTION TO
[E.7. FMIT Insurance Renewal FY26]
YES, MA'AM.>> YES, MA'AM. >> THANK YOU, DAVID.
APPRECIATE IT. I'LL KEEP GOING.
NEXT ITEM IS REQUEST TO APPROVE 2026 INSURANCE RENEW WITH THE FLORIDA MUNICIPAL INSURANCE TRUST FROM THE FLORIDA LEAGUE OF CITIES.
>> THIS AGENDA ITEM IS OUR ANNUAL REQUEST TO ACCEPT THE PACKAGE POLICY RENEWAL QUOTE IN 1,635, $299 FROM FLORIDA MUNICIPAL INSURANCE TRUST FOR THE PHYSICAL YEAR 2026. THIS INCLUDES THE PROPERTY, GENERAL LIABILITY, CYBERLIABILITY, AUTOMOBILE LIABILITY AND WORKERS COMP FOR OCTOBER 1, 2025, THROUGH SEPTEMBER 30, 2026.
AND WE INCLUDED THE INFORMATION. WITHIN THE RECOMMENDATION LETTER, PAGE TWO HAS A COMPARISON CHART OF THE COSTS YEAR OVER YEAR AND CHANGES IN COVERAGE FROM LAST YEAR. YOU CAN SEE THE PERCENTAGE CHANGE ON THE FAR RIGHT COLUMN. BASED ON FY 25, THE TOTAL COST INCREASED $52,785. 3.46% OVER THE COSTS FOR FY 25, MAINLY RELATED TO LIABILITY AND WORKERS COMPENSATION.
3.46 INCREASE WAS LESS THAN THE PAYROLL OF 4. 17 WHICH SHOWS OVERALL DECLINE IN RATES. HOWEVER THE WORKERS COMP EXPERIENCED MODIFICATION FROM 0. 6 TO 0. 86, A 43% CHANGE DUE TO INCREASE IN THE WORKER COMPENSATION CLAIMS. IF NOT FOR THIS HANGE, WE HAVE LOWERING OF THE RATE.
A MEMBER, PROVIDED SAFETY TRAINING LITTLE OR NO COST AND WE'VE TAKEN ADVANTAGE OF TRAINING FOR SEVERAL SESSIONS, ARC FLASH TRAINING, CONFINED SPACE AND DEFENSIVE DRIVING.
THEY ALSO HAVE A SAFETY GRANT FUND PROGRAM, CURRENTLY 50% MATCH FOR SAFETY RESOURCES. WE SUBMITTED AND WERE NOTIFIED WE'D A GRANT. RECOMMENDED TO CONTINUE WITH THE PACKAGE POLICY. STAFF HAS BEEN SATISFIED AND AGREES WITH CYBER'S RECOMMENDATION.
I'M ASKING THE BOARD TO APPROVE THE QUOTE FOR FMIT.
>> 3.46% INCREASE. DUE TO INCREASE IN WORKERS COMPENSATION.
>> WHAT ACCIDENTS HAVE WE SUSTAINED THIS LAST
YEAR? >> ONE OF THE BIGGEST ONES THAT CONTRIBUTED TO THAT -- THESE ARE FROM LAST YEAR TO COUNT THIS YEAR.
EMPLOYEE WAS INJURED AND REQUIRED SURGERY ON HIS NECK. AND VEHICLE ACCIDENTS MOSTLY -- THAT'S NOT WORKERS COMP. RESULTED IN MINOR FINGERS, HANDS. THAT'S WHAT COMES TO MIND.
WE HAD ONE THAT WAS ONE OF OUR AMI METER READERS, THE BOOTS HE WAS WEARING DIDN'T ALLOW -- THEY WERE TOO WET, HE HAD AN INFECTION.
>> ALSO HAD AN ANIMAL INCIDENT, DOG INCIDENT AND ONE OF OUR EMPLOYEES TRIPPED ON A HOLE.
VEHICLE ACCIDENTS HAVE INCREASED YEAR OVER
SO. >> NOT YEAR OVER YEAR BUT THEY'RE PART OF THIS.
>> I'M ON THE FMIT BOARD, THAT IS INCREASING EVERYWHERE IN FLORIDA.
[02:05:01]
>> REASON I ASKED THAT QUESTION, DURING MY FIRST TERM, WE HAD LIKE ZERO ACCIDENTS.
NOW ALL OF A SUDDEN WE'RE SEEING MORE OF IT.
I'M ASKING MY QUESTIONS. IS THAT A TRAINING ISSUE OR IS IT SOMETHING ELSE?
>> I DON'T KNOW, BUT IT'S AUTOMOBILE LIABILITY COMPANY-WIDE INCREASING FOR
EVERYBODY. >> ARE WE AT FAULT IN MOST OF THESE ACCIDENTS?
>> NO. >> I WOULD SAY OUR NUMBERS ARE STILL PRETTY LOW COMPARATIVELY.
ALSO ONE THING, COLLEEN MAY HAVE TO REFRESH MY MEMORY, BUT THE INSURANCE COVERAGE HAS THREE-YEAR ROLLING AVERAGE LOOKING BACK.
AS SOME ACCIDENTS COME OFF THE PREMIUMS DO BETTER.
OUR TRAINING PROGRAM IS USUALLY PRETTY AGGRESSIVE BECAUSE YOU LIVE WITHWITH FOR THREE YEARS.
SERIOUSLY. >> YOU DON'T WANT AN EMPLOYEE EVER TO GET INJURED ON THE JOB, CERTAINLY DON'T WANT OUR EMPLOYEES TO INJURY ANYBODY ELSE.
>> AND STANDARD IS 1. 0 OR BELOW IS GOOD.
WE'RE AT . 86 WHICH IS AN INCREASE BUT STILL UNDER.
>> AND CYBERSECURITY, THEY'VE BEEN ON THE FOREFRONT OF PROVIDING INSURANCE FOR THAT. THAT'S HARD TO GET BECAUSE IT'S JUST HARD TO GET. I THINK THEY'RE DOING A LOT OF TRAINING ON THAT. ALSO, I THINK ONE OF THE -- THE VALUES OF FMIT ISIS THEY'RE NOT TRYING TO DENY YOU COVERAGE. THEY COVER 70% OF THE CITIES IN FLORIDA IN PUBLIC UTILITY -- PUBLIC GOVERNMENT.
>> ANY OTHER QUESTIONS? A MOTION TO APPROVE?
>> MOVE. >> APPROVED BY MS. BENNETT.
[E.8. Discuss Off Duty Detail at Board Meetings]
>> THIS IS FOR INFORMATION OR AT THE BOARD'S DIRECTIVE.
JAVI REQUESTED I PULL INFORMATION FOR OFF- DUTY DETAIL, IF YOU WOULD LIKE SECURITY BY FORT PIERCE POLICE DEPARTMENT AT YOUR MEETINGS, IT'S SUBMITTED BY APPLICATION. IF THE BOARD DESIRES TO HAVE THAT, FORT PIERCE IS FLEXIBLE AND PROVIDE SCANNERS AND THREE OFF-DUTY OFFICERS AT ANY LOCATION FOR WHICH WE HAVE MEETINGS, EITHER HERE AT CITY HALL OR THE ESC. THERE'S A MINIMUM, $585 FOR THREE- HOUR MEETING. EVEN FOR ONE HOUR, WE'D PAY THAT THREE- HOUR MINIMUM.
>> THIS WAS A REQUEST BY SEVERAL BOARD MEMBERS TO BRING UP AS CONVERSATION PIECE.
>> IS THIS FOR ACTION? TO HAVE SOMEONE HERE GOING FORWARD?
>> YES. >> WE USED TO HAVE AN OFFICER HERE.
>> WE DID IN THE 2020 TO 2022, WE HAD AN OFFICER HERE.
>> I THINK IT WAS MYMY REQUEST AT TIME.
>> I WAS ALWAYS WONDERING WHAT HAPPENED.
>> IT WAS JUST WE GOT THROUGH THAT SUMMER MONTH --
IT'S A PRETTY REASONABLE ASK FOR FINANCIAL IMPACT, IT WOULD BE CHARGED TO THE BOARD'S BUDGET.
WE'D FIGURE OUT HOW TO MAKE IT
BOARD. >> OFFSITE OR HERE ALSO AT CITY
>> FOR EVERY MEETINGMEETING JUST --
>> ENTIRELY UP TO THE BOARD. THEY JUST ASK FOR TEN DAYS ADVANCE NOTICE WHEN WE SUBMIT THE APPLICATION.
IT DOES INCLUDE THE SCANNERS, SCANNING EVERYBODY ON THE WAY IN.
I KNOW WE'RE FEMALE AMILIAR WITH THAT SETUP AT CITY HALL BUT ALSO WOULD BE AT ESC IF YOU
CHOSE. >> WE HAVE THREE AT CITY COMMISSION MEETINGS AND THE SCANNER, AND SO -- WE SEEM TO HAVE A LOT MORE PUBLIC
[02:10:04]
COMMENT AND PUBLIC AT CITY COMMISSION MEETING THAN HERE. I KNOW -- I DON'T KNOW IF YOU'RE UP ON THE OPEN CARRY LAW. ARE THEY ALLOWED --GOVERNMENT -- >> NO MA'AM, THEY CAN'T CARRY IN IT OUR GOVERNMENT BUILDINGS.
>> IT'S A HARD CALL. IF SOMEONE FEELS UNSAFE, I WANT SOMEONE HERE. AT THE SAME TIME, ON ROUTINE MEETINGS, WHEN WE'RE NOT DOING ANYTHING THAT IMPACTS -- PERCEIVES TO IMPACT BY ONE OF OUR RESIDENT'S ACCOUNTS, SUCH AS INCREASING RATES, I THINK WE OUGHT TO LOOK AT IT AS AS-NEED BASIS.
>> OKAY. >> I THINK THAT'S BEST.
BUT IF ANY MEMBER OF THIS BOARD WANTS ONE FOR THIS MEETING, CONTRACT THE DIRECTOR. ALSO DIRECTOR, IF YOU FEEL WE'RE GOING TO HAVE A HIGH FLOW MEETING, YOU MIGHT AS WELL GO ON AND ADVANCE AND GET AN OFFICER HERE IN CASE.
>> I THINK THAT'S A GREAT SUGGESTION. ANY BOARD MEMBER WOULD LIKE IT FOR UPCOMING MEETING, SIMPLE CALL AND WE'LL TAKE CARE OF IT. ALSO WHEN STEFANIE AND I REVIEW THE AGENDA WITH THE BOARDBOARD MEMBERS CHAIRMAN, WE CAN HAVE THAT CONVERSATION ABOUT THERE MAY BE A TOPIC.
>> THIS MIGHT DRAW A CROWD AND MIGHT BE BEST.
IT'S NOT NECESSARILY OUR SAFETY BUT SAFETY OF THE PEOPLE HERE IN PERSON. GOT TO LOOK AFTER THEM FIRST, IF WE THINK WE'RE GOING TO HAVE HIGH FLOW, GO ON AND HAVE HIM CALL AND SET IT UP.
>> WE CAN USE OUR BEST JUDGMENT AND COORDINATE THAT AGAIN THROUGH YOU, MR. CHAIRMAN, AND WHOEVER THE CHAIR MAY BE. AND IF ANY BOARD MEMBER FEELS IT'S APPROPRIATE, WE CAN MAKE IT
HAPPEN. >> IT'S BEEN A WHILE, BUT THE CITY COMMISSION HAD AN ACTIVE SHOOTER TRAINING IN THIS CHAMBER. KIND OF TOLD US WHAT TO DO AND NOT TO DO. WHAT WORKS AND DOESN'T WORK.
YOU KNOW. WE DID HAVE THAT TRAINING, BUT IT'S BEEN A WHILE.
>> I THINK THAT TRAINING WOULD BENEFIT ALL OF US. BECAUSE WE REALLY NEED TO KNOW.
>> ESPECIALLY WITH OPEN CARRY NOW.
>> IT'S A GOOD THING TO KNOW, WHETHER YOU'RE A BOARD MEMBER OR NOT. GOOD THING TO KNOW
PERIOD. >> WHERE IS THE SAFETY SPOT TO HAVE THE TRAINING?
>> BEHIND YOU. >> I SAW A VIDEO THE OTHER DAY, GUY TAKING 9 MILLIMETER AND SHOOTING STRAIGHT FROM THE 25 YARDS FROM THE VEHICLE, THROUGH ONE DOOR OUT THE OTHER.
LOOKING AT NICE FAUX WOOD, THINKING NOT THE BEST
[F. DIRECTOR COMMENTS]
COVER. >> IT WAS SUPPOSED TO BE REINFORCED AT SOME POINT.
>> JUST A HANDFUL. THIS WEEK IS PUBLIC POWER WEEK, HIGHLIGHTS THE BENEFIT OF PUBLIC POWER AND POSITIVE IMPACT TO THETHE COMMUNITY. AT FPUA, WE HAVE FIVE UTILITIES SO WE CALL IT PUBLIC UTILITY WEEK TO HIGHLIGHT ALL FIVE.
WE'VE BEEN ACTIVE ON FACEBOOK AND LINKEDIN, SO HOPEFULLY YOU'LL LIKE AND FOLLOW.
ADDITIONAL POSTS WILL COME OUT THIS WEEK.
IT'S BEEN A LONG MEETING, BUT HOPEFULLY WE HAVE A CHANCE TO TAKE A PICTURE WITH THE BOARD MEMBERS AFTER THIS. FPUA RECEIVED AN AWARD IN RECOGNITION OF MOVING THE WASTEWATER PLAN AWAY FROM THE RIVER AND TOWARDS INDUSTRIAL AREA. SOME OF THE HIGHLIGHTS ARE COMMUNITY ENGAGEMENT THROUGH THE PROJECT, FORUMS AND WASTEWATER WEDNESDAYS. AND RECOMMENDATION FOR REUSE PROVIDING TO THE POWER PLANT NEXT DOOR TO THE SITE. TOMORROW YOU'LL SEE A PRESS RELEASE FOR THIS AWARD AND FACEBOOK POST AND ALSO ON WASTEWATER WEDNESDAYS, EMAIL ANNOUNCEMENT TO CUSTOMERS TO ANNOUNCE IT.
HOPEFULLY IF WE HAVE TIME, WE'LL TAKE THE PHOTO WITH THE BANNER AND AWARD AFTER THIS.
>> DON'T WANT TO DO THAT ON WASTEWATER
WEDNESDAYS? >> IF WE TAKE IT TONIGHT, WILL
[02:15:01]
POST IT THEN. RACHEL PLANNED IT OUT WELL.MOVING ON, PAST YEAR BEEN WORKING TO ADDING ADDITIONAL DRIVE- THROUGH LANE AT THE ADMINISTRATIVE BUILDING. HOPEFULLY NEXT WEEK IT WILL BE WRAPPED UP. IT'S EXCITING, WE'VE BEEN WORKING TOWARDS IT A WHILE, EXCITING TIME SAVER FOR THE CUSTOMERS. IT DOES BACK UP ALMOST TO DELAWARE ON
6TH. >> IS IT OPEN? GOING TO BE?
>> OPEN HOPEFULLY BY END OF NEXT WEEK.
>> WE COULD -- MAYBE. I'LL TELL YOU WHAT WE'RE THINKING. BUT WE'RE LOOKING TO DO SOMETHING PEOPLE COULD HAVE FUN TO LOOK AT.
NEXT MEETING, A GAS STABILITY RESOLUTION. IT'S GAS HEDGING. WE'LL HAVE SOMETHING BEFORE YOU. FOLLOW-UP TO THE CONVERSATIONCONVERSATION ABOUT A MONTH AGO.
THE GOAL IS MANAGE THE PGA THROUGH THE GAS STABILITY PROGRAM AND DART. IT'S A BIG PART OF THETHE PROGRAM TO HAVE THAT GAS STABILITY. THE CITY HAS A SPECIAL MEETING AT 5:05 ON THE 21ST, OUR NEXT BOARD MEETING DAY, SO WE'RE MOVING TO 2:00 AND THE ENERGY SERVICES CENTER IN CASE WE RUN LONG, WON'T INTERFERE WITH THE CITY MEETING BECAUSE IT HAS TO BE THERE AND THE MAYOR HAS TO BE THERE. I'LL FOLLOW UP WITH THETHE BEFORE TO MAKE SURE WE'RE ALIGNED. THAT'S ALL I HAVE, MR. CHAIRMAN.
>> QUESTIONS OR COMMENTS? ATTORNEY
SIR. >> ANY BOARD MEMBER
* This transcript was compiled from uncorrected Closed Captioning.