Mar 17, 2026 Fort Pierce Utilities Authority

[MEETING TO ORDER]

[00:00:06]

>> GOOD AFTERNOON AND WELCOME TO THE FORT PIERCE UTILITIES AUTHORITY BOARD REGULAR MEETING AT 4:00PM., TUESDAY, MARCH 17, 2026. PLEASE STAND FOR THE PRAYER AND JOIN US FOR THE

PLEDGE OF ALLEGIANCE. >> FATHER WE THANK YOU FOR THIS OPPORTUNITY IT COME BEFORE YOU TODAY AND ASK YOU PROVIDE OUR WISDOM AS THE BOARD MAKES DECISIONS FOR OUR COMMUNITY AND ASK THAT YOU BLESS ALL EMPLOYEES AND KEEP US IN OUR LOVING CARE IN JESUS NAME.

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 CALL THE RECALL. >> BOARD SECRETARY BENNETT.

[A. SET THE AGENDA]

>> SDARP. >> SDOORP PRESENT. >> CHAIR FEE PRESENT MOTION

TO SET THE AGENDA. >> MO I SECOND. >> PLEASE CALL THE ROLL.

>> VICE CHAIR GIBBONS. >> CHAIR FEE YES, MA'AM ANY COMMENTS FROM THE PUBLIC? IF SO, PLEASE COME DOWN YOU HAVE 2 MINUTES TO SPEAK THE PUBLIC HEARING IS NOW CLOSED. AND MOVE

[C. APPROVAL OF MINUTES]

ON TO APPROVE THE MINUTES. >> EVERYONE SATISFIED WITH THE MINUTES IF SO MOVE APPROVAL.

[D. CONSENT AGENDA]

>> SDARP. >> MAYOR HUDSON AND CHAIR FEE TO THE CONSENT AGENDA AN ITEM MS. DAVIS IS ABSENT TO PUT HERE ITEM 8 MAKE AND NOT THAT'S THE AND HAVE A MOTION TO ACCEPT THE

CONSENT AGENDA. >> SO MOVED. >> SECOND.

>> PLEASE CALL THE ROLL. >> BOARD SECRETARY BENNETT. >> VICE CHAIR GIBBONS.

[E.1. Kings Highway Jobs Corridor Initiative Update]

>> MAYOR HUDSON AND CHAIR FEE BRILLIANCE US TO THE REGULAR AGENDA TODAY.

>> THANK YOU MR. CHAIRMAN AND MEMBERS OF THE BOARD GOOD AFTERNOON HAVE A PRETTY GOOD AGENDA PRESENTATIONS FOR THIS FIRST A STATUS FOR TS IT AND HAVE MEET WITH THE SENIOR ADVISOR AND STRATEGIC INITIATES AND HIS TITLE SASSY OFFICER I HAD AT THE DO THAT TO PETE AND JOINED OTHER MEMBERS AS WELL AND ABOUT PRESENTING LIKE TO CALL THEM UP AND START.

>> THANK YOU VERY MUCH. MR. CHAIRMAN AND MEMBERS OF THE BOARD MEETING PETE MY TITLE WAS PETE BUT I NEEDED SOMETHING ANYMORE FANCY AND GLAD ABOUT THE KING HIGHWAY WE VERY MUCH APPRECIATE THE PARTNER WITH THE F PO A WE PROVIDE ECONOMIC GROWTH AND QUALITY JOBS IN OUR COMMUNITY AND PROUD FOR A RECEIPT OF THE GENERAL COUNSEL BESKOVOYNE AND BOTH PERSONAL AND THE PROFESSIONAL AS HOBB I DIDN'T MENTION OLSEN WILL RUN THROUGH THE BASIC RESULTS OF PHRASE AND TALK ABOUT PHASE TWO AND THE ECONOMIC IMPACTS ANALYSIS I THINK YOU'LL BE - ONE OF THE KEY TAKEAWAYS THAT THE KINGS HIGHWAY JOHNS INSURE THAT THE CITY COMMISSION IN JANUARY THAT IS A VERY, VERYABLE EFFECTIVE WAY TO HAVE THE ECONOMY HERE AND ARE WORKING TOGETHER LOOKING FORWARD TO REALIZING THAT VISION COMING TO REALITY AND LESLEY WILL TALK ABOUT THE KEY TAKEAWAYS AND THEN WES WILL FOLLOW-UP AND ALSO TALK ABOUT

THE ECONOMIC IMPACT ANALYSIS SO LESLEY. THANK YOU. >> THANK YOU.

>> PETE AND MR. CHAIRMAN AND MEMBERS OF THE FPUA THANK YOU FOR HAVING US TO TALK ABOUT THE

[00:05:05]

BECOME WITH POLICE MARKERS ARE FOR THE COMMUNITY. >> MAP ON THE SCREEN SHOWS THE CORE STUDY ALONG THE KINGS AFFORDABLE HOUSING AND THE WIDER AREA OUT TO THE TURNPIKE IN JENNINGS ROAD. THE WATER AND WASTEWATER TREATMENT SERVICES ARE AVAILABLE TO SUPPORT THE PLANNED GROWTH IN THIS AREA BECAUSE THE FPUA PLANNING AND IMPLEMENTATIONS OF EXPANDING THE WASTEWATER TREATMENT SERVICES. IT ALSO HAS ELECTRICAL CAPACITY A STATION TO SERVE THIS AND REALLY, REALLY IMPORTANT PLANNING WITH THE UTILITY HAS DONE TO SUPPORT THIS POLICY INITIATIVE. SO WHAT WE HAVE WE HAVE GREAT LOCATION YOU HAVE 3 STATE INTERMODAL ON AND OFF-RAMPS WITHIN 2 MILES OF KINGS HOUSED THAT IS FANTASTIC. LOCATION AND BETWEEN MIDDLEBURG AND POSED FOR GROWTH AND BECAUSE THE CITY OF FORT PIERCE SEES THIS IS A AN OPPORTUNITY WE PROCESSED E POSED TO MAKE THIS AN IMPORTANT KEY TO VOECHLT FOR ST. LUCIE COUNTY THE INFRASTRUCTURE IS IN PLACE AND THIS CORRIDOR IS READY TO GROW. AND PHASE 1 WE TALKED TO STAKEHOLDERS AND REVIEWED DID CODES AND REVIEWED JURISDICTIONSAL BOUNDARIES, WE TALKED TO POLICYMAKERS FROM THE CITY AND COUNTY AND ONE OF THE KEY CHALLENGES THAT WE IDENTIFIED IN PHASE 1 WE'RE WORKING ON IN PHASE TWO IS THAT APPROVALS FOR DEVELOPMENTS ARE

SLOW, AND UNCERTAIN. >> IT TAKES A LONG TIME YOU HAVE A MIXTURE OF JURISDICTIONS SOME IS INCORPORATED IN ST. LUCIE COUNTY AND SOME INCORPORATED IN THE FORT PIECING AND RULES AND NEITHER JURIS HAS DESIGN STANDARDS FOR THE INDUSTRIAL YOU CAN GET A CORRIDOR THAT LOOKS YOU KNOW WHAT ANY; RIGHT? YOU DON'T WANT THAT THIS IS THE SLECHLT CORRIDOR AND SO WHAT HAPPENS IS THAT SINCE TO DESIGN STANDARDS BOTH JURISDICTIONS PUSH FOR APPLICANT TO GO THROUGH A MUCH LONGER MORE EXPENSIVE AN URBAN CERTAIN PLANNED DEVELOPMENT PROCESS SO THINGS TAX COLLECTORS TO GO THROUGH THE PROCESS AND THE ZONING IS NOT IN PLACE FUTURE LAND USES TO GET WHAT EVERYONE WANT TO GET DONE DONE AND WE HAVE SFRASHGD FRUSTRATIONS ABOUT THESE ISSUES AND DEFINITELY HEARD THAT WITH PHASE 1. SO WHAT WE'RE WORKING

[00:10:08]

LUCIE COUNTY TO FEEL COMFORTABLE THAT INTO JURISDICTIONS HAVE IT WE'RE WORKING ON THAT RIGHT NOW. SO WITH THIS 0 OVERLAY IT IS AN EXCHANGE THE GOVERNMENT GETS BETTER DESIGN AND LANDSCAPING AND QUALITY AND MEASURABLE JOB BENCHMARKS AND CONSISTENT CORRIDOR IDENTITY AND DEVELOPERS GET TO SPEED TO MARKET AND NOTHING MEANS FOR MORE TO DEVELOPERS THAN SPEED TO MARKET AND THE ECONOMIC IMPACT ANALYSIS WAS ALSO COMPLETED WHICH IS A PART OF PHASE TWO DELIVERABLES. AND AT FULL BUILD OUT OF THAT CORE STUDY AREA OUR CONSULTANTS DETERMINED IF IT COULD CREATE UP TO 2 ONE THROUGH DIRECT JOBS AND $45 MILLION IN COUNTY TAX REVENUE AND $35 MILLION IN MUNICIPAL CITY OF FORT PIERCE TAX REVENUE ASSUMING WE HAVE ABOUT 50 PERCENT INDUSTRIAL AND 15 PERCENT OFFICE AND 25 PERCENT COMMERCIAL, AND 10 PERCENT MIXED-USE WE GET A DOE VEST IT WON'T BE ALL BIG USERS A LOT OF THE DEVELOPMENT PROPOSALS IN THE PROCESS RIGHT NOW ARE NOT THE MILLION SQUARE FOOT THEY'RE BIG BUILDINGS OR BUILDING WITH LOTS OF SPACE FOR THE RELYING ON ONE USER THAT IS GOOD FOR US AND LANDMARKING 10 MILLION SQUARE FEET THOUSANDS OF METER CONTEXT MORE I THINK LIKE THOUSAND AND THE DESEE FIZZ THE PROFILE AND GET IT PREDICT GROWTH THAT ALLOWS US TO DO MORE CAPITAL PLANNING TO EXPAND THE SERVICE. FPUA THE OFFER LAYS CLEAR DESIGN STANDARDS GIVE THE VALUABLE ON THIS IS COMING THE TYPE OF AND SCALE OF THE DEVELOPMENT POSITION COMING. REVENUE DEINDICATION IS A HEALTHY MIX OF THOSE TENANTS SIZE AND THE UTILITY SERVICES EXPANSION SUPPORTS DEVELOPMENT AND CREATES OPPORTUNITY FOR THAT FUTURE HEAVY EXPANSION. SO 0 BUILDS THE DEFIED STABLE CUSTOMER BASE THAT SUPPORTS LONG TERM SYSTEMS SUSTAINABILITY AS AND IS AS YOU SEEN ABOUT BEFORE YOU HAVE THE FINAL REPORT AND THE ECONOMIC IMPACT ANALYSIS IS COMPLETE A PHASE TWO IS LAUNCHED. WE LIKE I SAID, WE DID THAT ON 5 WITH BOTH PLANNING DEVELOPMENTS I LIKE TO SAW THANK YOU FOR YOUR PLANNING AND BRING UP WES TO SPEAK ABOUT NEXT STEPS AND ANY

[00:15:06]

>> ANY QUESTIONS OF THE BOARD? >> I HAVE A FEW QUESTIONS UM, I RISEN WE GOT THIS LIST TODAY.

SO A FEW THINGS TIME WISE DID WE DECIDE THAT IN THE PAST OR FOR PHASE TWO IS.

>> IS GENERAL THROUGHOUT THE CALENDAR YEAR RIGHT NOW IN THE PROCESS OF TRANSLATING THE FEEDBACK WE RECEIVED #24E AT THE WORKSHOP INTO A FRAMEWORK THAT THE CODE WOULD INCORPORATE AND PROVIDE THAT BACK TO BOTH STAFF'S FOR THE COMMENTS AND WILL COME BACK TO US. WE'LL REFINE THEN START MEETING WITH THE MROOISHS WITH THE CITY COMMISSION AND COUNTY COMMISSION AND MEET WITH THEIR SENIOR CITY ELECTRIC FORCES STAFF'S MAKE SURE WE HAVE COVERED ALL THE BASES THEY DON'T HAVE ANY CONCERNS. ONCE WE HAVE SUPPORT WE'D DRAFT IT IN OBSERVANCE FORM FOR THE COUNTY AND CITY TO BE ADOPTED MIND SO THAT, YOU KNOW, THAT IT TAKES TIME TO GET THROUGH THE REVENUE PROCESSES BUT WE HOPE TO HAVE THAT DONE BEFORE THE

END OF THE YEAR. >> THAT'S GREAT. THAT'S PRETTY QUICK ACTUALLY A COUPLE OF THINGS GENERAL FEEDBACK FROM THE PROPERTY OWNERS I'M SURE YOU SAVED SURVEYED HOW MUCH PERCENT WOULD BE INTERESTED IN JUMPING OFTEN BOARD OR HOW MANY WOULDN'T.

>> EVERYONE WE SPOKE TOO WAS SUPPORTIVE OF INDUSTRIAL DEVELOPMENT ALONG THIS CORRIDOR. MAKING ENLISTMENT'S EASIER, AND MAKING THAT FOR PREDICTABLE AS WES SAID PEOPLE WANT CERTAINTY. SO ONE OF THE INTERESTING THING ABOUT THE WAY WE'RE CRAFTING THIS OVERLAY IT IS OUR GOAL THIS WILL BE APPLIED BY BOTH THE CITY AND COUNTY IN THIS SPECIFIC AREA AND WILL BE AN OPT IN SO WHEN PROPERTY OWNER OR A DEVELOPER MAKES APPLICATION FOR THEIR ENTITLEMENT THEY HAVE TO SAY WE WANT TO USE THE OVERLAY DON'T HAVE TO GO THROUGH A SEPARATE

[00:20:01]

ZONING. >> THAT'S GREAT. >> I GUESS THE ONLY OTHER THING I WAS THINKING INCENTIVE WISE A TAX BENEFIT OR PRODUCE ECONOMICS EMPLOYMENT POSITIONS

WHATEVER IS THERE OTHER DISCUSSION OWN THAT MY. >> SURE. SURE THAT IS A TWO-PART ANSWER. SO AS A PART OF THE OVERLAY WE'LL USE THE E D C TOOLS FOR THE TAX EXEMPTIONS TO DETERMINE WHETHER THEY'RE ELIGIBLE FOR THIS OVERLAY. AND ALSO THE OVERLAY WILL BE BUILT ON POINTS IF YOU'RE WILLING TO DO A BIGGER LANDSCAPE BEAUTIFY BIGGER POINTS OR CREATING JOBS POINTS AND ALL OF THOSE POINTS THEN YOU QUALIFY FOR THIS ADMINISTER REVIEW WE'LL USE THE TAX EXEMPTION CLOSED SESSION (SAN FRANCISCO ADMINISTRATIVE CODE SECTION 67.10) (ACTION) SHEET STUDIO DETERMINE THAT UNDER THE MATRIX BUT IF WES WOULD YOU

LIKE TO SPEAK TO THE ECONOMIC DEVELOPMENT INCENTIVES. >> SOCIOTHERE IS A FEW ECONOMIC DEVELOPMENT CENTERS AVAILABLE. AND WORK WITH THE CITY AND THE ST. LUCIE COUNTY AMONG THOSE ARE THE TAX EXEMPTIONS AND IMPACT MITIGATIONS AND THE COUNTY HAS AN INVESTMENT GRANT THEY'RE PERFORMANCE BASED INCENTIVES AND ON QUALIFYING CRITERIA RELATED TO THE NUMBER OF JOBS AND CAPITAL DEVELOPMENT AND WAGES SO THOSE ARE ALL THINGS WE LOOKED AND DETERMINING IF PROJECT IS QUALITY FOR INCENTIVES AND THEN THIS IS SOME OF THE BASIS THAT LESLIE MENTIONED IN THE OVERLAY DISTRICT AS WELL.

>> DID THAT ANSWER YOUR QUESTION. >> YEAH. AND ANY OTHER

QUESTIONS? >> THANK YOU. >> SUCH.

>> THANK YOU. >> MAYOR DO YOU HAVE A QUESTION.

>> I WAS GOING TO OBSERVE THERE IS A LOT OF DEVELOPMENT ALREADY IN THE EXAMPLES AND ARE YOU WORKING WITH THE CURRENT - I KNOW ONE OF OUR KIND OF SHOWCASES PROJECT IS ASHLEY

CAPITAL; RIGHT? >> YEAH. NO THEY DON'T GET TO TAKE ADVANTAGE SO THAT'S CORRECT GO THROUGH THE PLANNING PROCESS IS CERTAIN AND SLOW WE'RE GETTING THROUGH THAT A WE'RE GETTING THROUGH IF IT SO. BUT THAT ONE IS AIDED BY THE FACT THAT ASHLEY CAPITAL HAS TO BUY LAND IN THE COUNTY A LITTLE BIT OF A JOINT PARTNERSHIP SO MORE CERTAIN THAN OTHERS WE UNDERSTAND THERE ARE QUITE A WHILE PARCELS ALONG THE STRETCH IN ENTITLEMENT OR GOTTEN TEY'RE ENTITLEMENTS AND WE'RE HOPEFUL TO ADOPT THIS OVERLAY FOR THE STRETCH AND IF IT IS

USEFUL, TO KEEP GOING. KINGS HIGHWAY FOR THE JOBS CORRIDOR. >> IS THERE ANY ADVANTAGE OF WORKING WITH THE PEOPLE ALREADY IN THAT IF I DID IN THIS LIKE THE CAMPING WORLD AND HISTORICALLY ARE YOU WORK TOGETHER THE EXISTING OUT THERE AND NO, THIS WE HAVEN'T AN INTERESTING QUESTION MAYOR. WE HAVEN'T REALLY WORKED WITH THE EXISTING BUSINESSES THEY HAVE

THEIR ENTITLEMENT. >> YES. >> BUT MAYBE USEFUL FOR SOME IN THE FUTURE LIKE ARBITRARY CAPITAL HAS NEITHER P R D THROUGH THE COUNTY AND THEN AWKWARD AND NEXT THAT WAS THE AGREEMENT WITH THE CITY TO KEEP IT CLEAN. THEY MAY BE ABLE TO USE THIS A IT IS AN INTERESTING QUESTION. SORT OF LIKE A NEIGHBORHOOD KEEPING EVERYBODY INFORMED IN THAT AREA A BENEFICIAL THING IT IS WHAT WE'RE TRYING TO DO AND MAKE

SURE. >> (MULTIPLE VOICES). >> AND ABSOLUTELY YES, WE DEFINITELY WORK AND INTEND TO WORK THROUGH THE KINGS HIGHWAY ASSOCIATION AN ACTIVE ASSOCIATION OF PROPERTY OWNERS AND REALTORS AND OTHER PEOPLE OF INTEREST IN THE KINGS HIGHWAY AREA WE BRIEF THEM AND USE THEY'RE MAILING LIST YEAH WE USE THAT A LOT AS WELL.

[00:25:04]

>> YEP. THANK YOU. >> THANK YOU, THANK YOU. >> THANK YOU.

>> NEXT ITEM. I'D LIKE TO THANK LESLIE, WES AND OTHERS FROM THEIR GROUP A GREAT

PRESENTATION. THANK YOU. >> THANK YOU. >> SUCH AYE REALLY AN HONOR

TO DO THIS WORK FOR YOU. >> OKAY. >> NEXT.

[E.2. Presentation of the Utility Advisory Committee FY2026 Annual Work Plan and Mid-Year Report]

>> E(2) PRESENTATION OF THE UTILITY ADVISORY COMMITTEE FY2026 ANNUAL WORK PLAN AND

MID-YEAR REPORT. FOR INFORMATION ONLY. >> THANK YOU DIRECTOR OF

UTILITIES CISNEROS AND MAYOR HUDSON. >> CHAIRMAN AND MEMBERS OF THE BOARD. THANK YOU VERY MUCH FOR HAVING MEMORY THIS PRESENTATION MORE INFORMATION ONLY AND IT IS DIRECTOR OF UTILITIES CISNEROS AN UPDATE ON THE UTILITIES AUTHORITY COMMITTEE WORK WE TRY TO HAVE THOSE TWICE A YEAR THAT ONE IS KIND OF CAPTURE UP I'LL TALK ABOUT LAST YEAR AND HOW WE CLOSED HOW OUT THE LAST 5 MONTHS OF LAST YEAR AND THE

RECENT ONE IN THE NEXT - >> SO THE UTILITY ADVISORY COMMITTEE THE CITIZEN LED VOLUNTEER COMMITTEE. WAS ESTABLISHED BY RESOLUTION IN NOVEMBER OF 2021. IT IT TAKES TIME TO DEVELOP THE STRUCTURE THAT WE NOW HAVE BEFORE THE U AC WITH THE REGULAR REPORTING AND THIS IS SOMETHING WE HAVE WORKED WITH THE DISTRICT PLANNING GROUP AND TO PUT IN PLACE THEY ALSO WORK WITH THE UTILITY ADVISORY COMMITTEE AND HAVE BEEN HELPFUL THE PURPOSE OF INDEX AC WAS TO FOSTER THE OPEN DIALOGUE AND TALK ABOUT THE TOPICS AND ENGAGE THE COMMUNITY IN A PUBLIC FORUM THE MAIN THING WE'RE ADDRESSING IN 2022 WAS NEEDING TO BUILD RELATIONSHIPS WITH THE COMMUNITY THAT WE SERVE AND GIVING OUR COMMUNITY MEMBERS WHO HAVE A DESIRE TO COME IN AND HAVE DIRECT RELATIONSHIPS WITH US. THE USHERS AC FOLLOWS THE FISCAL YEAR REPORTING IN OCTOBER. WE IDENTIFIED OUR ANNUAL WORK PLAN PRIORITY FOR THE UPCOMING FISCAL YEAR AND OUR FIRST 6 MONTHS SCHEDULE WHICH WILL MAKE MORE SENSE IN A MOMENT AND MAKER MARCH AND APRIL THE MID-YEAR REPORT IN THE PREVIOUS 6 MONTHS AND SET THE NEXT 6 MONTHS SCHEDULE AND THIS ALLOWS US TO HAVE A TOUCH POINT AND DEVELOP PRESENTATIONS FOR THE U AC BASED ON THE CURIOSITY WHILE LEARNING THINGS IN THE FIRST 6 MONTHS AND

COMPARED TO DEVELOPING A FEW YEAR AHEAD OF TIME. >> THE REPORTING GOALS TO PROVIDE DIRECTION FOR THE INDEX AC ALSO MAKING SURE THAT THE U AC EFFORTS LIGHTEN WITH THE STRATEGIC GOALS WE UPDATED THAT ALIGNMENT TO CONVEY HOW THE USHERS AC ACTIVITIES ALIGN WITH THE STRATEGIC GOALS OUR GOALS ARE UPDATED AND GIVES US A WHAT TO CENTER MEASURABLE GOALS AND ACTIVITY AND MAKE SURE THAT WE ARE ABLE TO SHOW GROWTH AND IMPROVEMENT THROUGH THEIR RELATIONSHIP. WHICH IS HELPFUL. I THINK THAT MAKES IT FOR MEANINGFUL FOR THE U A CRACKERS

COMMIT TO US. >> NO JULY 2024 THE INDEX AC DEVELOPED A MISSION STATEMENT AND THE STATEMENT IS SHOWN HERE THE MISSION STATEMENT IS SHOWN OWN THE WEB PAGE WHEN WE DEVELOPED FOR THE USHERS AC AND THE ALLOWS US TO THE SHOW THE MISSION STATEMENT BUT TO SUBMIT ALL THE REPORT FOR THE PUBLIC TO ACCESS IF THEY'RE CURIOUS ABOUT WHAT ARCHIVE WORK THE U AC MEMBERS ARE DOING WITHIN THE COMMUNITY AND THE WAY WE'RE WORKING WITH THE U AC FOR IMPROVEMENTS I WILL READ B OUR STATEMENT I KNOW THAT IS THE U AC IS PROUD OF THEY'RE A VOLUNTEER BIENSZ ADVISORY GROUP FAIR MARKET VALUE OPEN DIALOGUE AND BUSINESS ENGAGEMENT BETWEEN

[00:30:05]

AND WE ARE HAPPY TO WORK WITH YOU TO IDENTIFY APPOINTEES WE HAVE A COUPLE OF APPLICATIONS ON FILE THAT YOU ARE WELCOME TO REVIEW IF OF INTEREST. WE HAVE ONE AT LARGE BE VACANT AND ONE THROUGH THE CITY COMMISSION. THE PREVIOUS 6 MONTHS HAS BEEN I THINK AN EXCITING IS FEW MONTHS FOR THE U AC PARTLY BECAUSE THE WATER TREATMENT RIBBON CUTTING THEY DEDICATED IN THEIR DECEMBER TO TOURING THE TREATMENT PLANT SO GET A SENSE OF WHAT IT WAS WE'RE BUILDING THERE AND ALSO THE U AC CHAIR STEVE SPOKE AT THE RIBBON CUTTING ON BEHALF OF THE U AC IN SUPPORT OF WORK WE'RE DOING HE'S ALSO JOINED BY BOB ANOTHER U AC MEMBER.

>> THE U U AC IDENTITY GOALS I SURMISED AND ALL OF THOSE IN THE WORK PLAN ITSELF AND IN THE BYE ANNUAL REPORT AND STAY INFORMED WITH DIRECT FEEDBACK DURING THE U AC MEETINGS WE BRING ONE OR ANYMORE STAFF MEMBERS TO THEY HAVE ASKED FOR. AND IN THE LAST 6 MONTHS TOPICS HAVE INCLUDED AN F PA RECREATION TO DO A DEEP DIVE INTO THE BASE RATES FOR ELECTRICAL AND GAS THE U AC INVOLVED OUR TOPICS WITH MORE PLEX WHICH IS KIND OF COOL TO SEE AS A STAFF SINCE THE INCEPTION TILLS US OUR U AC IS GAINING A DEEPER KNOWLEDGE HOW THIS WORKS THIS IS ONE OF THE MORE PLEX TOPICS AND HAVE CUSTOMER SERVICE GIVE A PRESENTATION ON THE MODEL WE'RE USING FOR BUDGET BUILDING AND LAST MONTH, WE EARLIER THIS MONTH BROUGHT IN 3 MEMBERS OF OUR ENGINEERING GROUP AND THEY MET TO DO A PANEL ON HOW FPUA EXPANDING AN INTEREST IN EXPANSION BUT NOT A SPECIFIC UTILITY WE BROUGHT IN JASON AND FROM THE WATER TREATMENT AND ERIC FROM THE ELECTRIC AND GAS HAD A SET PANEL TO ANSWER

QUESTIONS DIRECTLY BUT HOA. >> WE CHOOSING CHOOSE WHERE WE EXPAND AND THE CONSIDERATIONS AND A GREAT WAY FOR THE MEMBERS TO LEADER WITH THE CUSTOMERS AT THAT LEVEL ARE WONDERING. WHICH HELPS THE COMMUNICATION TEAM DEVELOP COMMUNICATIONS. WHICH WE'RE GROWING. FOR THE NEXT 6 MONTHS WE HAVE SET THE SCHEDULE SHOWN IN GREEN HERE THE U AC WANTED ANOTHER DEMONSTRATION HOW WE MANAGE THE ELECTRICAL OUTAGES WE HAD A PRESENTATION A LITTLE BIT OVER A YEAR AGO HE RAN A SIMULATION OF AN OUT ANGLE TO HELP DETERMINE WHICH AREAS WILL BE TOWARD FOR RESTORATION AND WHAT KINDS OF THINGS GO INTO CONSIDERATION WILL HOSPITALS AND OTHER THAT VULNERABLE POPULATION OR POLICE DEPARTMENTS AND WAS AN INTERESTING INTERACTIVE PRESENTATION THE U AC AND INTERESTED IN GRAND CHAMPIONSHIPS FOR FIBER ELECTRIC FOR US AN OPPORTUNITY OF FOR THE BRAND WHAT CAN WE PUT TOGETHER AS A UTILITY IS THAT A BOX OR SOCIETY OF TOOLS WE GIVE THE U AC MEMBERS THAT ALLOW YOU TO BECOME THE CAMPUSES OF THE BRAND WE'RE TRYING TO EXPAND. SO STAY TUNED WE'RE GOING TO BE DEVELOPING THAT IN THE NEXT 6 WEEKS AND INTEREST ABOUT THE PROCESS FOR NOW HOMEOWNERS AND BUSINESSES AND AGAIN? ONE OF THE MORE WE'RE GOING DEEPER INTO THE TOPIC REQUESTS IT IS WHICH IS

[00:35:10]

MS. MARY INVITED TOYS THE BOATER TOGETHER JOB FAIR THAT WILL BE IN APRIL 9TH, AS WELL AS, AND SHE HELPED TO FASCINATE FACILITATE FACILITATE AND OWE MEMBERS COMMENT TO ATTEND ONE EVENT ALONGSIDE FPUA IN THE FISCAL YEAR AND 5 HAVE TENDED AND SEE THE LIST OF EVENTS I KNOW THAT - AND THAT IS A LOT OF FUN AND EACH MONTH SIMILAR TO THE DOCUMENT WE PROVIDED TO US THE ACTIVITIES UPDATE WE PROVIDE THAT TO THE U AC MEMBERS STARTED AT AS USHERS AC UPDATE DO GIVE THEM AN OPPORTUNITY TO ATTEND ONE OF THE EVENTS AND EXTEND THAT TO FOR WHEN - WARRIORS SAVING THE DATE FOR A FINAL CON FISCALS SEPTEMBER 2ND THAT IS LIKELY WITH OUR THIRD ANNUAL CAREER FAIR WILL HAPPEN AND THE U AC COMMENTS TO THE SUPPORT OF CAPITAL PROJECTS I MENTIONED THE F IN ADDITION TO THE U AC PROVIDES LETTERS FOR SUPPORT AND ONE OF THE GRANTS IS PEVENDZ. THE SECOND GRANT LISTED THEY PROVIDED A LETTER

FOR HAS BEEN FUNDED. >> AND ALONG THE LINES OF THESE REPORTS THOSE UPDATES THE U AC CONDOMINIUMS TO ORGANIZATIONSAL DEVELOPMENT AND IN GENERAL. WE PREPARED AND REALIZED AN CALENDAR AND THE MID-YEAR PROCESS REPORT AND COMMIT TO PARTICIPATING IN AT LEAST TOO TRAINING SESSIONS WITH OUR GENERAL COUNCIL TO REVIEW GOVERNING LAWS OVER THE USHERS AC THEY'RE AWARE OF THINGS LIKE PUBLIC RECORDS, SUNSHINE LAWS AND ETHICS AND WE

HAVE OUR NEXT MEETING SCHEDULE FOR AUGUST 5TH WITH YOU. >> WITH THAT, I

I'LL BE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE. >> THANK YOU FOR YOUR TIME AND

ALLOWING US TO SHARE THIS UPDATE. >> QUESTIONS OF THE BOARD?

>> I HAVE ONE. >> COULD YOU ELABORATE A LITTLE BIT ON THE BRAND

CHAMPION PLATFORM. >> SO SO DURING LAST THIS MONTH - EXPANSION PANEL LEARNED THAT PARTLY IDENTIFIES THE NEXT PLACES TO EXPAND INTO WITH FIBER INTERNET BASED ON THE LEVEL OF INTEREST THAT A PARTICULAR NEIGHBORHOOD MIGHT SHOW IN HAVING FIBER PART OF THE CROWD NOT CROWD FUNDING BUT SOURCES WITH THE NEIGHBORHOODS CAN GO ON TO THE WEBSITE AND INDICATED INTEREST WE COLLECT THE ADDRESSES AND SEE THAT THAT A LOT OF FOLKS IN A PARTICULAR NEIGHBORHOOD WANTS THAT THAT THERE AND ONE OF THE BOTTLE NEXT SLIDE, PLEASE. CAN BE IF I LIVE IN A NEIGHBORHOOD AND LIKE TO HAVE INTERNET THERE BUT NOT ENOUGH OF OUR NEIGHBORS PUTTING THEIR CONTACT INFORMATION CAN, CAN YOU DO TO ENCOURAGE THEM TO EXPRESS AN INTEREST HAVING THAT TO THAT COMING HERE WILL BE WELCOME. AND SO WAS IT MIGHT LOOK LIKE IS YARD SIGNS OR MIGHT LOOK LIKE PROVIDING THE U F A Q TO SAY WHEN NEIGHBORS ASK THEM QUESTIONS WE ARE GOING TO DEVELOP IF BUT MEANT TO GIVE THE USHERS EXAMPLE AC MEMBERS ANSWERS.

>> ALSO THE FPUA UTILITY EXPANSION PANEL. ARE - WILL THAT GROUP BE ABLE TO COME TO

[00:40:03]

ASSOCIATION? >> WE WOULD BRING MR. JASON OR ERIC TEND TO BE THE FOLKS THAT SPEAK ON BEHAVIOR AND ABSOLUTELY THEY CAN SPEAK ABOUT THE FIBER EXPANSION.

>> OKAY. >> ANY OTHER QUESTIONS OF THE BOARD.

>> I BY THE WAY, THANK YOU. I LOVE THE UPDATES AND SEVERAL COMMITTEES AND FEELS LIKE IT IS SOMEHOW SORT OF GATHERING OF INFORMATION AND SHARED WITH THE BOARD. SO I APPRECIATE THIS.

THE ONE THING I HAD A QUESTION MAYBE SHAME ON ME - THE TOPICS THAT ARE ON HERE THE PAST AND THE NEXT 6 MONTHS, I KNOW YOU SAID YOU MEET EVERY 6 MONTHS TO TALK ABOUT THAT DO WE COME UP WITH THOSE. I'M SURE THEY VOTE ON TIMES TOP 6. OKAY. I WAS CURIOUS HOW THAT CAME BEFORE.

>> A COLLECTIVE BRAINSTORM THAT IS GENERAL MYSELF AND LET ME SEE ANY WE TALK IN AND PREBRAINSTORM TO GET THE CONVERSATION GOING WITH THE USHERS AC WILL BE A LITTLE BIT LIKE ASKING YOU RIGHT NOW TO LIST ALL THINGS YOU WANT TO KNOW ABOUT BECAUSE USUALLY NOT PRESENTATION WITH THAT WE COME PREPARED WITH A COUPLE OF IDEAS TO GET THEM THINKING AND WE CHOOSE THE TOOK UP 6 AND A LOT OF THOSE - THE OTHER THING IS THAT LESLIE AND I DO THE WHOLE GROUP KEEP TRACK ALONG THE WAY SO IN THE PREVIOUS 6 MONTHS GET QUESTIONS ABOUT THINGS OF AN ADJACENT TOPIC AND THAT IS A REALLY GOOD ONE WE SHOULD BRING IT BACK AND BUDGET BECAME

ITS OWN TOPIC I TOPIC. >> WATER TREATMENT COME UP DURING THE EXTENSION PANEL WE WERE TALKING ABOUT THERE WAS INTEREST IN - LET'S AND BEFORE WE GET HOW WE EXPAND IT IT

BACK. >> I A LOT OF THAT WITH ON ON BOARD WITH A NEW MEMBER WHAT

TYPES OF THINGS DO YOU DO WITH THEM TO CATCH THEM UP. >> WE HAVE A WHOLE ORIENTATION MEETING SOMETIMES CIVIL FROM THE GROUP WE WE REVIEW THE WORK PLAN THAT IS YOU HAVE THE MID-YEAR REPORT FOR EXAMPLE, WE JUST ON BOARDED MISS DONNA WE PROVIDE BOTH THE WORK PLAN AND THE MID-YEAR REPORT THIS IS THE PLAN AND HERE'S HALFWAY THROUGH AND THE NEXT HALF OF THE SCHEDULE AND REVIEW THE SUNSHINE LAWS WE WORK WITH A LADY TO DEVELOP A STANDARDIZED REVIEW POWER POINT WE'RE ALL SAYING THE SAME BETWEEN THE STAFF AND GET A FEELING FOR WHERE THEY'RE INTERESTS COMING IN TO THE U A CREDIT WHY WIRING VOLUNTEERING AND HELPS US TO IDENTIFY POSSIBLE TOPICS. FOR THE NEXT ROUND AND HELPS US TO SEE HOW CAN WE MAKE THIS A FULFILLING EXPERIENCE WHILE THEY'RE VOLUNTEERING THEIR TIME.

>> MR. CHAIRMAN. >> YES. >> YOU HAVE A VACANCY AN AT LARGE AND WITH AN FOR COMMISSION APPOINTEE SO AT LARGE APPOINTEE ARE YOU TRYING

TO GET IN COUNTY GEOGRAPHIC REPRESENTATIONS. >> NO PARTICULARLY THE GEOGRAPHIC THE INDEX AC EXPRESSED INTEREST IN A NEW MEMBER FOR IF SOMEBODY IN EDUCATION 3 WAY WE OR KEEPING OUR EYE ON THAT FOR THIS. WE HAVE A COUPLE OF APPLICATIONS WE RECEIVED JUST IN THE LAST 6 WEEKS. AND WE'RE TO BRING THOSE TO THE BOARD AND COMMITTEE IN APRIL FOR THEM TO REVIEW AS A POSSIBLE AT LARGE EXPLAIN BUT THOSE - LAST CANDIDATES FOR

[00:45:01]

APPOINTMENTS SO - >> THE AT LARGE IS CHOSEN BY THE BOARD ITSELF.

>> RIGHT. >> DO YOU HAVE ANY RATE PAYERS OUTSIDE THE CITY IN THE

USHERS AC. >> OUR ONE REQUIREMENT IS THAT AND ARE AN FPUA CONSUMER OR LIVE IN A HOUSEHOLD I DON'T KNOW WE HAVE ANY HAVE ADDRESSES TECHNICALLY AN FPUA

COMMISSIONER WHITTLEY NOT IN THE CITY I HAVE TO LOOK. >> I'LL BE INTERESTED IN THAT SO IF YOU HAD A MEMBER AS LONG AS THEY'RE IN THE HOUSEHOLD OR THEY'RE A FPUA PAIR.

>> THAT CAME UP IF YOU HAVE A MARRIED COUPLE ONE IS ON THE BILL ONE OF THE REQUIREMENT TO MAKE SURE THEY ARE DIRECTLY AFFECTED BY. -

>> (MULTIPLE VOICES). >> YEAH. >> I AGREE THAT'S THE INTENT.

>> I APPRECIATED THE PRESENTATION AND APPRECIATE THIS COMMITTEE BECAUSE IT HELPS THE FPUA IN SO MANY DIFFERENTLY DIFFERENT WAYS AND LEVELS NOT AS YOU'RE IN TALLAHASSEE WE HAVE THIS COMMITTEE OF CITIZENS THAT CAN - AND THEN TO HAVE IT INVOLVED AT THE LEVEL THAT YOU HAVE IT IS REALLY GOING TO PAY DIVIDENDS. THANK YOU VERY MUCH FOR THE HARD WORK.

>> THANK YOU. >> AND THE INDEX AC MEMBERS YOU'RE WELCOME TO COME THEY ARE LIVELY AND PROVIDE DIRECT FEEDBACK TO THE STAFF PRESENTING. AND IT HAS MADE CHANGES. AND THE CHANGES ARE NOT - NOT BIG THINGS THEY'RE JUST THINGS THAT MAKES SENSE BEEN OUR PURVIEW TO CHANGE THAT IS HEALTHY AND I DON'T REALIZE THEY DON'T KNOW I MEAN, I SEE

HOW IT IS VERY, VERY HELPFUL. >>. THANK YOU VERY MUCH. >> THANK YOU.

>> . THANK YOU. >> NEXT ITEM. THANK YOU, RACHEL AND THE NEXT FEW ITEMS

[Items E.3 & E.4]

OF A RESOLUTION FROM U A. >> MICHELLE CHIEF FINANCIAL OFFICER WILL PRESENT THOSE

ITEMS. >> THANK YOU, MR. MAYOR. AND OTHERS. THERE ARE A FEW I KIND OF 3 ITEMS LOOKS LIKE IT IS PRESENTED REALLY COMBINED TO ONE FOR CLARITY. THE FIRST ONE IS THE FINANCIAL OPERATING RESULTS THAT IS JUST FROM JULY TO SEPTEMBER OUR FISCAL YEAR 25 THAT OBVIOUSLY IS A COMPONENT TO OUR MANUAL REPORT THE ANNUAL REPORT IS THE ENTIRETY OF 2025 THE CORRIDOR WILL REALLY UP INTO THE FINANCIAL REPORT AND THEN THE FINAL BUDGET AMENDMENT MAKES OUR ACTUALS SO 3 DOCUMENTS TO COMPARE OR IF YOU WANT TO HAVE THE FOURTH QUARTERED THAT'S WHY THEIR 3 BUT ONE PRESENTATION FOR THE SAME THING.

>> WOOEFRLG TO REVIEW THE OVERALL RESULTS OR HAVE A FINANCIAL STATEMENT. AND THEN I'LL SHOW THE REVENUE AND BUDGET VERSE ACTUALS OR FPUA AND MOVE TO THE FINANCIAL STATE OF THE SYSTEM AND THEN DO A BRIEF OVERVIEW AND THEN AN UPDATE ON THE PROGRAM.

>> REVIEWS REVENUES FOR ALL SYSTEMS COMBINED IS INCREASES OF $20,029,000,000 FOR 2025 AND THIS YEAR AS COMPARED TO 18.4 FOR 2024 AND INVESTMENT OTHER INCOME WAS RECOGNIZED AT 13 $13. MILLION TO THE RECOGNITION OF THE $8 MILLION FROM THE PIO SETTLEMENT YOU SIGNED OFF ON THAT DEWY POTENT THAT WAS IN THE FINANCIAL STATEMENT. GRANT REVENUE RECOGNIZES 17 MILLION DOLLARS AND $17 MILLION AND $14 MILLION FOR THE WATER TREATMENT SYSTEM ALONG WITH THE $2

[00:50:01]

MILLION FOR ELECTRICAL GRANT. >> CAPITAL CONTRIBUTIONS 8 $8 MILLION AND THAT IS AN INCREASE FOR 9:0042 $42.4 MILLION THAT MONEY GOES TO FUNDING OUR CAPITAL IMPROVEMENT PLAN PLAN BOTH OUR INFRASTRUCTURE. LITTLE FPUA AS A WHOLE (COUGHING) ON THE LEFT THE BUDGET NUMBER AND ON THE RIGHT WHAT YOU RECOGNIZED SO LOOKING IN COMPARISON WITH THE BUDGET AND FINAL REVENUES CAME ON BUDGET AND VACATION BY 8 PERCENT THAT WAS $12. MILLION AND SO YOU KNOW, WE DIDN'T BUDGET THAT SETTLEMENT MONEY THAT IS THE

BIGGEST DRIVER BETWEEN THE PROGRAMS. >> EXECUTIVES WE LOWER BY ABOUT 3 PERCENT. AND THE INCREASE IN REVENUES ALONG WITH THE DECREASE IN EXPENSES INTO 42 $42.4 MILLION IF POSITION IN THAT POSITION AND THE 5 O'CLOCK ABOUT THE ELECTRICAL REVENUES OF 81 $81.3 MILLION WERE HIGHER AND THE EXPENSES OF $73 MILLION AND THE ELECTRICAL CONTRIBUTED TO THE CHANGES OF THAT POSITION AND ELECTRICAL COMPARED STAFF FROM 24-HOUR TO LAST YEAR THE ELECTRICAL CONSUMPTION FRONT YARD AND THE BUILDINGS INCREASED ONE PERCENT.

>> AND WATER REVENUES UP $40 MILLION EXPEDITED BY $8 MILLION THAT WILL KEEP COMING IN THE REVENUE AND EXPENSES WERE LOWER BY ABOUT 4 HUNDRED AND 23 $423,000 AND HE DID CHANGE FOR THE WATER SYSTEM WAS $16 MILLION. WHILE WATER CONSUMPTION FOR FISCAL YEAR 2020 , 2025 THE WATER TREATMENT SYSTEM OF 39 EXCEEDED THE BUDGET AMOUNTS BY 2 AND A HALF MILLION DOLLARS AND THE EXPENSES WERE #14R50IB9 BELOW BUDGET BY - AND ALL THAT RULED IN THE CHANGE IN 3 POSITION FOR THE WATER TREATMENT SYSTEM OF 18 POINT $18.3 MILLION AND THE FROM - AND THE NUMBER OF SERVICES BILLED INCREASED 3 PERCENT. NATURAL GAS REVENUES WERE LOWER THAN PROJECTED 4 HUNDRED AND 89 THOUSAND AND ALSO - SO ALL THAT CONTRIBUTED TO THE POSITION OF THE FACTORING Q A AND THE GAS BILLED INCREASED 8 PERCENT OVER LAST YEAR AND THE NUMBER OF SERVICES BILLED INCREASED. FPUA REVENUES OF 2 AND A HALF MILLION DOLLARS WERE LESS THAN PROJECTS I THINK BY $16,000 THERE. AND SO HE EXPENSES WERE LOWER ABOUT THREE HUNDRED AND 22 THOUSAND WITH RESULTED WITH THE FPUA OF 85 THOUSAND DOLLARS. AND WHEN COMPARED TO 2024 THE FIBER OPTIC CABLES - AND FISCAL YEAR 2025 EXPENSES WERE 3.1 PERCENT BELOW THE BUDGET AND IT WAS HIGHER THAN THAN THE 2024 AND THE OVERALL VARIANCES ARE DOCTRINE BY SPECULATOR WHEN IT COMES TO RETAIL AND THE PURCHASES WERE 2

AND A HALF BELOW PROJECTION BUT HIGHER THAN 2024. >> SO OUR ON M BUDGET WAS LOWER FOR RESALE SO ELECTRICAL PURCHASES TO RESALE INCREASED FROM 2025 TO 2024 AND PURCHASED 6 THOUSAND MORE MEGAWATTS AND THE AVERAGE COST STORE OUR PARTNERSHIP INCREASD INTO 72 THERE'S TO $75 BY 5 PERCENT INCREASE IN 2025 TO 2024 AND THE FINAL BUDGET DOCUMENTS THE

[00:55:05]

OUR COMPLIANCE TO SPEND THAT WITHIN THE YEARS. >> THIS SLIDE WILL SHOW THE CALCULATION OF IN DEPTH AND THE CALIFORNIA LAST A RATIO OF 12 MONTHS OF AREA MEDIUM INCOME TO THE DEBIT SERVICE I UNDERSTAND SEPTEMBER OF 2025 AS 3 POINT .1 AT THE END OF LAST FISCAL YEAR.

>> AS A REMINDER WITH THE RED LINE REQUIRES US TO BE ONE .25. >> HOW DOES THAT COMPARE TO OUR PROGRAM THAT WAS ESTABLISHED A FEW YEARS AGO. IN ADDITION TO CALCULATIONS BY THE BOND THAT BOARD LEADERSHIP SET TARGETS FOR OUR COST ADJUSTMENT AND BALANCE STABILIZATION AND TO ESTABLISH ON EMERGENCY FUND. SO PER OUR BOND TO REMAIN IN COMPLIANCE MUST BE IN 45 DAYS OF CASH AND OPERATING CASH ON HAND. SO AT THE END OF SEPTEMBER 30, 2025, WE ARE GREATER THAN 90 DAYS THAT IS MAINLY DUE TO WE RECEIVED GRANT REIMBURSEMENTS AT THE END OF THE YEAR REMAIN UNSPENT, AS WELL AS, THE BALANCE IN THE FUND WE ALSO WANTED TO REALLY MANGLE POWER ADJUSTMENTS AND TRY TO TAKE A DO ONE A YEAR WE HAD TO ADJUSTMENTS THROUGH FISCAL YEAR 2025 FWIN OF THE YEAR WE WERE HAVING A CREDIT OF DOLLARS AND IN JANUARY INCREASED TO ONE ONE HUNDRED AND FIFTY AND ZERO PCA TWO ADJUSTMENTS THROUGHOUT THE YEAR AND HOW WE ESTABLISHED THE RATE FUND WE WANTED TO BALANCE OF 10 MILLION $10 MILLION AND AT THE END WE HAVE 11 $11.2 MILLION THAT REALLY HELPED US. AND WHEN THE COST REALLY WERE DRIVEN UP SO AND HAVE A PRESENTATION FOR YOU IN APRIL YOU'LL BE ABLE TO SEE THE VALUE THIS BUDGET FUND ESTABLISHED. AND WE ESTABLISHED THE EMERGENCY FUND ALL THE WAY THOUGH 2034 BILLED UP A RESERVE

AND WE HAD 200 AND 80 $80,000 TO START OFF. >> AND THE DISTRIBUTION THAT IS BASED ON A CALCULATION OF REVENUE THAT IS FOR 6 PERCENT AND AS I YOU KNOW YOU'VE SEEN REVENUES GREEN UNDER SO OUR CALIFORNIA LAST FOR THE CITY DISTRIBUTION ON THE 2025 REVENUES WILL BE PAID TO THEM IN A APRIL OF 2026 WILL WILL BE $8 MILLION PLUS. BEFORE REQUEST APPROVAL OF ALL THAT THAT'S A LOT OF NUMBERS DID ANYBODY HAVE ANY QUESTIONS FOR ME AND WHAT

WAS BUDGET AMOUNT FOR THE CITY AND 7.9. >> WE'RE GIVING 8.

>> AS OUR REVENUE EXCEEDED THE BUDGET. >> I'LL GO AHEAD THE 200 AND

$80,000 COULD YOU GO BACK? >> RESERVE. >> THE RESERVES. NOW THAT IS

JUST FOR 2026. >> I MEAN AND 2025 WE HAVE A SCHEDULE KIND OF STARTED OFF

[01:00:10]

THAN IN 2027 AND 2028 AND BEFORE 2034. >> MR. CHAIRMAN HAVE MOST OF

BOND PROCEDURES AT THE END OF THAT THEY'RE SPENT. >> NOW WE'RE IN THE SITUATION

WE HAVE A LINE OF CREDIT FOR THE BANK. >> WE HAVE WE HAVE A LINE THE CREDIT HAVE NOT HAD TO DO ANY DRAWS BECAUSE OF SPENDING HADN'T HAS BEEN A LITTLE BIT SLOWER AND HAVE A HEALTHY CASH WE'RE USING OUR RESERVES RIGHT NOW AND INSTEAD OF PAYING

INTEREST. >> WE HAVE A DEADLINE DEADLINES WE HAVE TO MEET.

>> YES. WE'RE ACTIVELY WORKING ON ENGAGED ENGINEERING CONSULTING FIRM AND WORKING WITH THE RATE SUFFICIENCY CONSULTANT AND PULLING DATA TO ALL THAT THAT ISSUANCE LIKELY

IN JUNE OR JULY. >> OKAY. THANKS. >> YOU'RE WELCOME.

>> ANY OTHER QUESTIONS OF THE BOARD A ALL RIGHT. WE NEED A MOTION TO APPROVE OR -

>> I THINK THERE IS TWO - >> AUDIT. >> AS BEING UNMODIFIED OPINION THE FPUA HAS STATEMENT FOR THE FISCAL YEAR EVANS ARE FAIRLY IN CODE OF ORDINANCES AND ACCEPTED THE FILLING WITH THE CITY OF FORT PIERCE TO BE KEPT WITH THE ANNUAL FINANCIAL REPORT AND ON FILL WITH THE CITY CLERK'S OFFICE PURSUANT 2089 CITY CHARTER.

>> THAT IS ITEM 5; CORRECT? >> THAT IS ITEM NUMBER - 4. >> NUMBER 4 OF THE AGENDA.

>> THE 5 WILL BE THE RESOLUTION TO ADOPT. >> THAT'S WHAT IT SAYS ON THE

SCREEN. >> THE UPPER PART WE HAD TO ASKS ON THE SAME SLIDE IT IS

APPROVING THE AUDIT. >> OKAY. WE HAVE A MOTION TO APPROVE THE AUDIT.

>> MOVE APPROVAL. >> CALL THE ROLL. >> BOARD SECRETARY BENNETT.

[E.5. Resolution No. UA 2026-08, Final Budget Amendment for FY2025]

>> MAYOR HUDSON YES, MA'AM. >> WE'LL BE ADOPTING OUR ACTUAL EXTENSIONS IN THE MEMO

TO THE BUDGET. >> WE NEED A RESOLUTION? >> -08 A RESOLUTION AMENDING THE CITY OF FORT PIERCE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER

30, 2025. >> WE HAVE A MOTION TO APPROVE THE RESOLUTION?

>> MOVE TO APPROVE FOR RESOLUTION NO. UA 2026-08. >> SECOND AND PLEASE CALL THE

ROLL. >> SDOORP BOARD SECRETARY BENNETT.

>> MR. CHAIRMAN WITH THAT APPROVAL GOING TO THE CITY COMMISSION AND APRIL, APRIL 6TH MICHELLE AND I WILL BE THERE TO PRESENT THIS FOR FINAL BUDGET APPROVAL BY THE CITY #2K34IGS

[E.6. GFOA Distinguished Budget Presentation Award]

WILL TRIGGER THE DISTRIBUTION FUNDS. >> SO - I MOVE ON TO THE NEXT

ITEM IS A. >> E(5) RESOLUTION NO. UA 2026-08, FINAL BUDGET AMENDMENT FOR FY2025. ADOPT RESOLUTION NO. UA 2026-08. A RESOLUTION AMENDING THE BUDGET OF FORT PIERCE UTILITIES AUTHORITY OF THE CITY OF FORT PIERCE, FLORIDA FOR THE FISCAL YEAR

BEGINNING CTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025. >> THANK YOU. WE ACCOMPANIED THE 2027 BUDGET THIS MONDAY AND HAD AN COUNSELOR COUCHING ON MONDAY AND THEN GET THE AWARD FOR THE PREVIOUS YEAR I'M HERE FOR THE FINANCIALS FOR 2025 AND START TALKING ABOUT 2027 SO WE'RE PROUD TO RECOGNIZE THIS AWARD FOR 2026 BUDGET THE #345U78 BUDGET HAS BEEN RECOGNIZED FOR FULL COMPONENTS WITH THE FINANCIAL PLANS RECOGNITIONS AND TOOL WE PREPARED A HIGH QUALITY DOCUMENT THAT MEETS ALL THE CRITERIA AND FOR THE BUDGET TRANSPARENCY FOR THE PRICE PAPERS AND IN ADDITION TO REF THE AWARD WE GOT TWO RECOGNITIONS FOR PRESENTATION OF OUR OUR GOALS AND STRATEGIES AND FOR THE CAPITAL PROGRAM WITH GIVEN WITH AUGURAL HAVE GIVEN THE HIGHEST SCORE IN THOSE CATEGORIES SO THE

[01:05:01]

ACCOMPLISHMENTS. >> I THINK WE'RE GOING TO TAKE A PICTURE AFTER THE MEETING

WITH MICHELLE AND HER TEAM SO, THANK YOU. >> GOOD JOB.

>> GOOD JOB. >> I HAVE ONE QUESTION. (LAUGHTER).

>> OUT OF CURIOSITY WHO HAD TO REVENUE THIS MATERIAL AND MAKES US A WINNER.

>> HASN'T ARE THE REVIEWERS? >> THEY ARE PART OF THE CERTIFIED GOVERNMENT OFFICER PROGRAM. THEY HAVE TO VOLUNTEER THEIR TIME AND HAVE TO BE #KR0I9D AND GET A CHECKLIST OF

EVERYTHING THIS BELONGS AND 3 INDEPENDENT REVIEWERS. >> THAT'S WHAT I WAS WONDERING WHERE DO WE SEND THIS TELL HER OFF AND WHAT ARE THE AMOUNTS OF OUR CHECKS I - I CAN'T PRESUME SOMEONE WANT TO IT FOR FREE AND DONE THAT FOR YEARS.

>> (LAUGHTER.) >> FOR YEARS LIKE 15 YEARS THAT'S A LOT. BUT ONCE YOU DO

IT AND KNOW WHAT TO LOOK FOR BUT, YES. >> ALL RIGHT.

[F. DIRECTOR COMMENTS]

>> DIRECTORS COMMENTS. >> YES, SIR. THE MD 5 SHELL IS DONE FOR THE DAY I LIKE TO CELEBRATE THE FINANCE TEAM PROFESSIONALS WEEK. THIS WEEK SO THANK YOU TO THE ENTIRE

FINANCE TEAM FOR BEING ALUMNI AND COUNTING ON THEM. >> OH, OH.

>> (LAUGHTER.) >> HAPPY ST. PATRICK'S DAY TODAY IS MARCH 17TH. AND NEXT

[G. ATTORNEY COMMENTS]

BOARD MEETING WILL BE IN THE CHAMBERS THAT'S ALL. >> ANY COMMENTS FROM THE

ATTORNEY. >> NO BAD JOKES FOR YOU (LAUGHTER).

>> I WOULD LIKE (LAUGHTER). >> I WOULD LIKE TO GIVE YOU AN LEGISLATIVE THAT PASSED A COMBINATION OF A WHOLE HANDFUL OF BILLS THAT IS HOUSE HAS BEEN DARNSTOWN FOYER HAS IMPACTS ELIMINATES THE BUILT FOR US TO IMPOSE A 25 PERCENT SURCHARGE ON THE PAYERS AND THE MAYOR ASKED ME A COUPLE OF QUESTIONS SO I'M TAKING THE OPPORTUNITY TO EXPLAIN IF I NEED ADDITIONAL INFORMATION WE BREAKDOWN THIS FURTHER BUT BASICALLY EACH UTILITY IT A LITTLE BIT DIFFERENT THE CUSTOMERS COORDINATE OUTSIDE THE CORPORATE LIMITS ARE CHARGED 25 PERCENT OF DIFFERENTIATE WHEN THE BILL IS SIGNED DUO INTO LAW NOT EFFECTIVE UNTIL NEXT YEAR BUT SEE AN IMPACT WITH THE ELIMINATIONS OF THAT SURCHARGE.

AND ADDITIONALLY ANY AMENDMENTS WE SIGN RENEW OR MODIFY FOR CUSTOMERS LOCATED OUTSIDE OF THE CITY LIMITS WILL BE MEETING IN CONJUNCTION WITH THE LOCAL GOVERNMENT FOR WHICH THE CUSTOMER RESIDES OR MEETING WITH THE COUNTY OR THE VILLAGE I I CAN'T IMAGINE THE CITY WE'RE DEALING WITH BUT THAT IS POTENTIAL YEAH.

>> NO. >> IF THERE IS AN AMENDMENT TO EXTEND FOR SERVICES 0 SOME CHALLENGES BRINGING IN ANOTHER BOARD TO CONSIDER AND HEAR PUBLIC IMPACT THAT THAT

AMENDMENT HAS. >> EXPECT TO HAVE QUESTIONS AND YEAH.

(LAUGHTER) >> SO WHAT IS THE PERCENTAGE I THINK THAT IS AND THE CITY AND 25 OUT. WHAT WILL THE NEW PERCENT BE FOR OUT OF THE CITY SAY THAT'S A GREAT QUESTION. I

[01:10:04]

>> OKAY. >> ANY OTHER QUESTIONS? >> I HAVE A LOT OF THEM BUT

NOT RIGHT AT THAT POINT AND FALSIFIES WITH THE IMPACT IS. >> HAS TO BE SIGNED BY THE

GOVERNOR AND, YES MA'AM. >> IT IS NOT LAW YET. >> NOT LAW YET HAVE TO WAIT UNTIL HE SIGNS IT NO INCIRCULAR HOW THIS IS A COMBINATION OF A WHOLE BUNCH OF THINGS.

>> DO THEY HAVE A DEADLINE. >> BECAUSE THAT IS OUTSIDE OF SESSION I BELIEVE THAT IS HE HAS 15 DAYS TO VOTE OR SIGN IF THEY DOES NEITHER IT BECOMES LAW. I'LL FOLLOW-UP BUT I

BELIEVE THOSE ARE THE TIMELINES. >> AND IOWA ONE QUESTION WE HAVE AN EXISTING AMENDMENT; RIGHT? WITH THE COUNTY AND SO THIS WILL BE FOR THOSE

CUSTOMERS OUTSIDE OF OUR CITY LIMITS WERE ENGAGING. >> INDEPENDENTLY THIS LAW REQUIRES THOSE REQUIREMENTS ARE IN WRITING I CAN'T IMAGINE AN AGREEMENT NOT IN WRITING BUT I GUESS THE LEGISLATION OF THE THE NEED TO EXPLAIN THE VERBAL KRABLTS I SEE THIS IMPACTING US AND A LOT MORE INFORMATION WILL COMING IN NOT JUST OUR UTILITIES BUT THE NEIGHBORS AS WELL AND MY IMPACT UNITED STATES I US DIFFERENTLY WE'RE A SEPARATE BOARD; RIGHT?

>> WELL, I THINK THE AMENDMENT WHAT WILL BE INTERESTING COMES BEFORE THE

BOCC. >> SAID FOR A NEW DEVELOPMENT. BECAUSE WE'RE

OUTSIDE THE CITY AND YES, MA'AM. >> THE DEVELOPMENT OUTSIDE.

>> IT IS A FOCUS ON THE EXERCISE IF A NEW CUSTOMER AN AGREEMENT WE NEED TO PUT IN

PLACE. AMENDMENTS ARE FOCUSED ON THE DEVELOPMENT. >> SO IN OTHER WORDS, A SCATTERED LINE LIKELY WE'RE RUNNING A LINE TO SERVE THAT MORE THAT OF A DEVELOPMENT THAT DEVELOPMENT HAS AN AGREEMENT BUT, YES AN AGREEMENT AND ONE QUESTION.

[H. BOARD MEMBER COMMENTS]

>> OH, BOY. >> ALL RIGHT. >> ANY COMMENTS FROM THE

BOARD? >> WANT TO THANK THE FPUA PROVIDED BREAKFAST THAT IS

REALLY IMPORTANT. >> (LAUGHTER.) >> WITH THE MAYOR THIS

FRIDAY. >> I'LL BE WITH THE MAYOR'S THIS FRIDAY WITH THE AWARDS.

HELP US WITH THAT TOO. >> WHERE WILL IT BE? >> WHERE?

>> THE 8:00 A.M. THE SHOP CLUB. >> 8:00 A.M. THE BECAUSE OF

BRIDGE, YOU KNOW, WHERE IT IS? >>

* This transcript was compiled from uncorrected Closed Captioning.