[MEETING TO ORDER]
[00:00:11]
>>> GOOD AFTERNOON. WELCOME TO THE FORT PIERCE UTILITIES MEETING JANUARY 2ND. PLEASE STAND FOR THE PRAYER AND
THE PLEDGE OF ALLEGIANCE. >> GOOD AFTERNOON.
WE SHALL PRAY. LORD I THANK YOU FOR YOUR GRACE AND MERCY AND ASK YOUR BLESSING BE UPON THE CITY OF FORT PIERCE, THIS BOARD AND THE LEADERSHIP OF FP.
WE ASK THAT YOU GIVE THE BOARD WISDOM AND INSIGHT FOR DECISION AS FPUA AS RATE PAYERS. AND WE PRAY THAT PEACE WITH B MADE IN THIS WORLD AS QUICK AS POSSIBLE WITH THE LEAST AMOUNT OF CONSEQUENCES. WE PRAY ALL THAT IN JESUS'
[A. SET THE AGENDA]
>> PRESENT. >> AND DO WE HAVE A MOTION TO
SET THE AGENDA? >> MOVE APPROVAL.
>> YES, MA'AM. >> MRS. GIBB SENTENCE.
[B. COMMENTS FROM THE PUBLIC]
>> YES, MA'AM. >> MRS. HUHHED SNON.
>> YES, MA'AM. NOW MOVING ONTO THE PUBLIC COMMENTS SECTION OF THE COMMIT FAE ANYBODY WISHES TO COME FORWARD AND SPEAK YOU HAVE TWO MINUTES.
MAKE SURE YOU STATE YOUR NAME AND WHERE YOU RESIDE.
>> HELLO. MY NAME IS JAMAREK MORROW AND I RESIDE IN FORT PIERCE FLORIDA. 34940 916 AVENUE EACH.
TODAY I JUST WANTED TO BRING FORTH THE PUBLIC-- THE ONES THAT WE PUT ON THE SIDE OF THE ROAD.
I DID SEE ON MY E-MAIL THAT THERE WAS A-- AN UNDERSTANDING PROBLEM THERE. I DID WANT TO DWELL ON THE FACT THAT I NOTICED THAT THE SAME PEOPLE THAT DID PUT FORTH COMPLAINTS OR WHATEVER, I WANTED TO-- I THINK I MENTIONED IT BEFORE ONCE UPON A TIME IN A DIFFERENT MEETING OR A DIFFERENT BORDER, THAT A TAXATION ON THE FACTS THAT LOSE TRASH DOES COME FROM THAT GARBAGE WHEN THE DUMPSTER TRUCK COMES AND DOES GET BACK INTO THE STREETS AND THE WATERS.
SO I JUST WANTED TO PUT FORWARD SOME CONSIDERATION.
UNDER THAT, AND THAT WOULD BE ALL FROM ME.
SO THANK YOU GUYS FOR LISTENING.
AND I HOPE THAT DOES HELP CONTRIBUTE TO ANY THINGS THAT
WE HAVE COMING FORWARD. >> THANK YOU SIR.
ANYONE ELSE? ALL RIGHT WE WILL CLOSE THE
[C. APPROVAL OF MINUTES]
PUBLIC COMMENT SECTION OF TODAY'S MEETING AND MOVE ONTO APPROVAL OF THE MINUTES. DO I HAVE A MOTION TO APPROVE?>> PLEASE CALL THE ROLE. >> MRS. DAVIS.
>> YES, MA'AM. >> MRS. GIBBONS.
[D. CONSENT AGENDA]
>> YES, MA'AM. MOVING ONTO THE CONSENT AGENDA.
DOES ANYTHING NEED TO BE REMOVED OR WITHDRAWN OR DISCUSSED IF WE'RE HAPPY WITH THE WAY CONSENT AGENDA IS?
CAN I GET A MOTION TO APPROVE. >> MOVE APPROVAL.
>> SECOND. >> PLEASE CALL THE ROLE.
>> MRS. GIBBONS. >> YES, MA'AM.
[E.1. FDOT Utility Work Agreement 438379-5-56-01 Kings Hwy South of Angle to Commercial Circle]
ALL RIGHT NOW WE'RE ONTO THE REGULAR AGENDA.
>> THANK YOU MEMBERS OF THE BOARD GOOD AFTERNOON.
THE FIRSTITE THM AFTERNOON IS A REQUEST TO APPROVE FLORIDA DEPARTMENT OF TRANSPORTATION UTILITY WORK AGREEMENT.
THIS PROJECT SCOPE ALONGS UTILITY WORK ALONG KINGS HIGHWAY FROM ANGLE TO COMMERCIAL CIRCUMSTANCE.
AND ENVIRONMENTAL ENGINEER WILL PRESENT THIS ITEM.
>> THANK YOU MR. CISNEROS. MR. CHAIR, MEMBERS OF THE BOARD, TODAY I'M REQUESTING APPROVAL OF THE UTILITY WORK BY HIGHWAY CONTRACTOR AGREEMENT WITH THE FLORIDA DEPARTMENT OF TRANSPORTATION AND THE AMOUNT OF $3,285,945.60.
FDOT IS MOVING FORWARD WITH THE WIDENING OF KINGS HIGHWAY FROM SOUTH OF ANGLE ROAD TO NORTH OF COMMERCIAL CIRCLE.
AS A PART OF THIS PROJECT, FUA'S EXISTING WATER ENFORCED MAINS MUST BE RELOCATED TO ACCOMMODATE THE ROADWAY IMPROVEMENTS. TO STAY ALIGNED WITH FPUA'S MASTER PLAN, BOTH UTILITIES WILL BE EXTENDED NORTH WITHIN THE PROJECT LIMITS TO CONTINUE PROGRESS TOWARD COMPLETING THE LOOP ON ST. LOUISE BOULEVARD. THIS AGREEMENT ALLOWS FUA'S UTILITY RELOCATION WORK TO BE DIRECTLY INTO FDOT'S CONSTRUCTION CONTRACT. WHICH PROVIDES SEVERAL ADVANTAGES. ONE CONTRACTOR MANAGING BOTH ROADWAY AND UTILITY WORK REDUCES CONFLICTS AND POTENTIAL
[00:05:04]
DELAYS. FDOT'S COMPETITIVE BIDDING PROCESS IS EXPECTED TO LOWER THE OVERALL PROJECT COSTS TO FPUA. INTEGRATING SCHEDULING IMPROVES COORDINATION AND EFFICIENCY. IF FDOT'S BID EXCEEDS OR INTERNALLY PRICED ESTIMATE, FPUA WILL TERMINATE THE AGREEMENT AND USE OUR OWN UNIT PRICE CONTRACTOR INSTEAD.FUNDING FOR THIS WORK IS INCLUDED IN FISCAL YEAR 2027 THROUGH 2030 CAPITAL IMPROVEMENT PLAN.
THIS AGREEMENT STREAMLINES DELIVERY, REDUCES RISK AND POSITIONS THE PROJECT FOR EFFICIENT CONSTRUCTION.
AT THIS TIME STAFF RESPECTFULLY REQUEST BOARD APPROVAL OF THE UTILITY WORK BY HIGHWAY CONTRACTOR AGREEMENT WITH FDOT IN THE AMOUNT OF $3.29 MILLION. I'M HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE AT THIS TIME.
>> ANY QUESTIONS TO THE BOARD? >> MR. CHAIRMAN.
THIS IS SOMETHING WE HAVE TO DO, RIGHT? CORRECT? AND THIS IS PART OF THE KING'S HIGHWAY JOBS CORRIDOR TOO, CORRECT?
OKAY, THANK YOU. >> MR. CHAIR.
I HAVE A QUESTION. SO THIS IS IN THE 2027 BUDGET YEAR WHICH WOULD BE FOR NEXT YEAR.
WE'RE SPENDING IT NOW? OR-- ARE WE JUST DOING A SHIFT
AND THEN--. >> SO THE FUNDS AREN'T DUE UNTIL APRIL 15 2030. SO WE ARE PLANNING AHEAD AND
BUDGETING THIS. >> PERFECT.S SUCH A LARGE SUM.- WE ALREADY HAD IT IN THE BUDGET FOR THAT SPECIFIC TIME PERIOD.
SO I JUST WANTED TO MAKE SURE WE WEREN'T SPENDING IT TOO SOON. AND TAKING IT FROM ANOTHER
>> NO QUESTIONS. >> ALL RIGHT SO YOU NEED
APPROVAL FROM US NATURALLY? >> ALL RIGHT.
ANYBODY WANT TO MAKE A MOTION TO APPROVE?
>> MOTION TO APPROVE. >> I'LL SECOND.
>> PLEASE CALL THE ROLE. >> MRS. DAVIS.
>> YES, MA'AM. >> MRS. GIBBONS.
APPRECIATE IT JUST AS A REMINDER I SHOULD MENTION THIS EARLY. BUT WHEN FP UTILITIES ARE WITHIN THE RIGHT OF WAY, WE ARE REQUIRED TO RELOCATE BY PERMIT.
[E.2. Status Report on Electric Power Cost Adjustment (PCA) for April 2026]
SO. MR. CHAIRMAN MEMBERS OF THE BOARD THE NEXTITE SYSTEM AN UPDATE ON THE ELECTRIC POWER COST ADJUSTMENT. ANDREA-- SLOAN FINANCE MANAGERWILL PRESENT THIS ITEM. >> THANK YOU MR. CISNEROS.
GOOD AFTERNOON CHAIRMAN FEE. MAYOR HUDSON, BOARD MEMBERS.
TODAY I'M PRESENTING THE APRIL UPDATE TO THE FMPA PROJECTIONS.
THE PCA AND THE RATE STABILIZATION FUND BALANCE.
SO ON THIS FIRST FIVE, WE HAVE OUR SUMMATION AND REMINDERS AGAIN ABOUT OUR DART PROGRAM. WHICH STANDS FOR THE DAYS OF CASH, POWER COST ADJUSTMENT. RATE STABILIZATION FUND IN OUR TARGETS. OUR OBJECTIVE IS TO MAINTAIN AN AVERAGE $10 MILLION BALANCE IN THE RATE STABILIZATION FUND.
WITH AN OPTIMAL RANGE BETWEEN 8 AND $12 MILLION WHICH WE MANAGE USING THE PCA. OUR BASE RATE FOR PURCHASE POWER AT THIS TIME IS $79.52 PER THOUSAND KILOWATT HOURS AND OUR PCA IS $4 WHICH IT HAS BEEN SINCE FEBRUARY OF 2026.
OUR TEAM CONTINUES TO REVIEW AND ANALYZE THE PCA AND RSF BALANCES ON A MONTHLY BASIS. AND THE DATA THAT WE UTILIZE IN THOSE ANALYSES COMES FROM INTERNAL SOURCES, TALLIES RATE CONSULTANT AND FMPA. THIS SLIDE SHOWS THE POWER COST OVER AND UNDER RECOVERY FROM MARCH 31ST OF 2024 THROUGH APRIL 30TH OF 2026. AND YOU CAN SEE THAT FOR A PRELIMINARY NUMBER FOR THE MONTH OF APRIL, WE UNDERCOLLECTED $296,000. AND OUR NEW CUMULATIVE BALANCE IS $8.4 MILLION IN OUR RATE STABILIZATION FUND.
THIS SLIDE SHOWS THE PRE-PURCHASED GAS POSITIONS PROVIDED BY FMPA. AND YOU CAN SEE THAT FOR THE MONTHS FROM JUNE TO SEPTEMBER, WE ARE 75% HEDGED AT THIS TIME.
THEY'VE ADDED A FEW NEW POSITIONS SINCE THE LAST TIME I PRESENTED TO YOU ALL. GOING OUT FROM NOVEMBR 26TH TO MARCH OF '27, YOU CAN SEE WE'RE ABOUT 50% HEDGED THERE.
AND THEN THE FURTHER MONTHS OUT GET A LITTLE BIT LESS BUT THEY ARE CONTINUING TO ADD NEW POSITIONS AS THE MONTHS GO ON AND THEY CAN LOCK IN THOSE REDUCED PRICES.
SO THIS GRAPH IS THE SAME GRAPH THAT I PRESENTED TO YOU LAST TIME SHOWING THE PROJECTED BALANCES FOR THE FUNDS AT THAT TIME. AS A REMINDER THE YELLOW LINE
[00:10:01]
IS THE INITIAL PROJECTION THAT WE HAD BEFORE THE BOARD APPROVED THE $4PCA INCREASE BACK THAT STARTED IN FEBRUARY.AND WE HAVE THE RED LINES WHICH IS A REF TALLIES CONSULTANT LINE AND THE BRIGHT BLUE LINE WHICH IS OUR FMPA PROJECTIONS.
AND THIS IS OUR NEW CURRENT PROJECTION NOW.
SO YOU CAN SEE THAT THE LINES HAVE SHIFTED DOWN SLIGHTLY.
FROM THE LAST TIME I PRESENTED TO YOU.
AND THAT IS DUE TO AN INCREASE-- SLIGHT INCREASE IN THE PROJECTED POWER COSTS BOTH IN THE SHORT 12-MONTH TERM AND THE LONGER OUT TERM. IT'S NOT A HUGE INCREASE.
ONLY ABOUT A DOLLAR FORTY AVERAGE.
BUT THERE IS A SLIGHT INCREASE. BUT AS YOU CAN SEE, WE ARE STILL WONDERFULLY WITHIN OUR TARGET LEVELS.
WE DO NOT DIP DOWN AT ANY POINT.
PROJEKTD RIGHT NOW. SO STATUS QUO.
THIS IS A REPRESENTATION OF THAT SAME CHART.
SHOWING THE RATE STABILIZATION FUND BALANCES AND OUR POWER COST LINE. YOU CAN SEE WE ARE MAINTAINING THAT STUDY LINE. AND OUR BALANCES ARE STILL IN OUR PROJECTED RANGE. LOOKING GREAT.
SO THIS HAS BEEN PRESENTED FOR YOU INFORMATION ONLY.
WE PLAN TO HOLD THE PCA STUDY AT $4 UNLESS PROJECTIONS FOR THE NEAR TERM VARIES SIGNIFICANTLY FROM THE CURRENT OUTLOOK. AND WE WILL CONTINUE TO MONITOR IT AND PROVIDE UPDATES TO THE BOARD.
HAPPY TO ANSWER ANY QUESTIONS. >> MR. CHAIRMAN, JUST ONE COMMENT, THIS WAS SOMETHING I BELIEVE MS. PEARL YOU HAD ASKED-- THE BOARD HAD ASKED US TO COME BACK AND SHOW EVERY MONTH BECAUSE WE WERE ONLY SHOWING IT QUARTERLY.
SO THAT IS FOLLOW-UP TO THAT REQUEST.
>> OKAY, THANK YOU. MR. CHAIRMAN, COULD YOU POSSIBLY GO BACK TO SLIDES FOUR?
>> ALL RIGHT, THERE. OKAY ALL RIGHT, THANK YOU.
>> YOU'RE WELCOME. >> I HAVE NO FURTHE QUESTIONS.
[E.3. Leesburg - FPUA Capacity Release Agreement]
>> THANK YOU ANDREA. MR. CHAIRMAN.
THE LAST ITEM TODAY IS A REQUEST TO APPROVE AN AGREEMENT FOR GAS CAPACITY WITH THE CITY OF LEESBURG FOR THE NEXT FEW YEARS. THE DIRECTOR OF GAS AND EELECTRIC AND GAS SUPER INTENDANT WILL WILL BE AT THE SIDE WITH ME. IF IT GOES WELL AND I DID ALL THE WORK. IF IT DIDN'T---ER WE HAVE A BIT OF ROOM TO SHARE THE BLAME. SO-- ONE OF JUST PROVIDED LITTLE BIT OF BACKGROUND. YOU MIGHT RECALL WE HAD A DISCUSSION ABOUT LAST CAPACITY PIPELINE.
AND SOME THE POTENTIAL CALLBACK WHO IS CURRENTLY WHERE WE GET SOME OF OUR GAS CAPACITY. THEY HAVE CALLED BACK ON THAT CAPACITY. THAT CALLBACK STARTS JULY 19S.
AS PART OF THAT WE WSHG CLOSELY WITH FTE.
AN ALL-REQUIREMENTS MEMBERS. SIMILAR TO FMPA.
WE BUY ALL OUR GAS FROM FMPU. THEY WERE ABLE TO FIND CAPACITY WITH THE CITY OF LEESBURG. AND IF YOU WENT TO THE NEXT SLIDE HERE. THEY WERE ABLE TO FIND THAT.
SO A BIT OF A BACKGROUND. CURRENT FPA CAPACITY AND THE NEXT SLIDE PROVIDES A LITTLE BIT BETTER VISUAL.
BUT FPUA CURRENTLY HAS CAPACITY DURING THE WINTER.
ABOUT 2100-- PER DAY AND SUMMER 850DECATHERMS PER DAY.
OUR SYSTEM LOADS WHAT WE ARE USING DURING THE SUMMER WE ARE AVERAGING ON 1350. IT REALLY PEAKS DURING THE WEEK WHEN BUSINESSES ARE OPEN. AND DURING THE WINTER WE'RE AROUND 1600DECATHERMS. I WANT TO HIGHLIGHT THE WINTER THERE BECAUSE WE ONLY HAVE 150 AND WE NEED ABOUT 1600 SO WE GO OUT TO THE MARKET FOR THAT DELTA.
AND THE 300 FROM SUNRISE REALLY ENDS UP BEING WHERE WE MAKE UP SOME OF THAT DELTA FROM THE MARKET.
THE CURRENT AGREEMENT IS ABOUT 58 CENTS PER DECATHERM.
THE NEW AGREEMENT IS A LITTLE BIT LOWER.
SO BETTER OF A DEAL. AND AS I MENTIONED WE HAVE ALL REQUIREMENTS AND WE'VE BEEN THAT SINCE 2002.
THIS HERE SHOWS REALLY WHAT WE'RE TRYING TO FOCUS ON.
THAT RED CIRCLE HIGHLIGHTS THE AREA THAT WE'RE GETTING OUR CAPACITY FROM THE CITY OF LEESBURG.
IS GREEN LINE IS FPUA'S CURRENT CAPACITY.
YOU CAN SEE THEOR SQUIGGLY SCOMPLIENS BLUE LINES IS OUR ACTUAL LOAD THROUGHOUT EACH WEEK OF THE YEAR.
AND THE GREEN LINE SHOWS WHAT WE HAVE FOR CAPACITY.
SO WE ARE WELL ABOVE OUR GREEN LINE.
[00:15:02]
AND THE ORANGE DASH LINE IS THE CAPACITY WE GET FROM THE CITY OF SUNRISE. SO YOU CAN SEE THAT WE'RE STILL WELL ABOVE THAT CAPACITY. AND THEY ARE ASKING FOR THAT TO COME BACK TO THEM. THIS NEW AGREEMENT WITH THE CITY OF LEASEBURG PUSHES FPUA WITH THE LEESBURG CAPACITY UP TO THAT PURPLE LINE. WHICH IS A BETTER FIT FOR OUR PROFILE RIGHT NOW. AND BETWEEN THE GREEN LINE AND AND THE PEAKS OF THOSE BLUE LINES WE HAVE TO GOUT FOR THE MARKET TO FILL THAT CAPACITY. SO THE CITY OF LEESBURG.REDUCES THE VOLATILITY OF THE MARKET.
AND WE ALSO ARE ABLE TO LOCK IT IN AT A BETTER PRICE.
SO I WANT TO PAUSE HERE FOR A MOMENT AND HOPEFULLY ANSWER ANY QUESTIONS YOU MAY HAVE. WE'VE UPDATED THESE CHARTS SINCE WE PUBLISHED THE AGENDA ITEM.
>> DOES CALLBACK MEAN THEY WANT TO USE SOMETHING THAT THEY
WEREN'T ANTICIPATING TO USE? >> YES THEY WERE SELLING US CAPACITY BECAUSE THEY DIDN'T NEED IT AND NOW THEY WANT IT
BACK. >> SO WE HAVE TO MAKE UP THAT
SO-- I'M CURIOUS. DO WE KNOW WHY LEESBURG HAS SO MUCH EXTRA TO BE ABLE TO GIVE US? THAT'S ALMOST TRIPLE. WELL DOUBLE WHAT THEY WERE GIVING US FROM SUNRISE. AND IT DOESN'T HAVE TO COME BY US. SO REALLY-- IT'S CHEAPER AND IT DOESN'T EVEN-- IT'S NOT EVEN ALREADY GOING BY US.
SO I'M CURIOUS WHAT HOUP WHY THEY HAVE SO MUCH EXTRA.
DO THEY SHIFT WHERE THEY ARE GETTING SOME OF THEIR ELECTRICITY. OR DO WE KNOW.
>> SO THIS IS FOR GAS CAPACITY. SO THIS IS NOT FOR POWER GENERATION. THIS IS JUST FOR GAS DISTRIBUTION. YEP.
I DON'T KNOW FRED DO YOU HAVE SOME BACKGROUND?
>> IT HAS SOME CUSTOMER CLOSE OFF.
>> AND WHAT THEIR CUSTOMER WAS USING.
CITY OF LEESBURG. >> LEESBURG DID.
>> THANK YOU FRED. >> WHAT STIMULATED SUNRISE.
THEY CALL IT ALL BACK. >> A LOT OF DEVELOPMENT SOUTH.
YEP. DEVELOPMENT SOUTH THEY NEED IT.
>> ISN'T THAT WHERE THE APARTMENT HOUSE COLLECTS? SUNRISE? WASN'T THAT IT?
>> ANY QUESTIONS BEFORE WE MOVE TO THE NEXT ONE, KEITH, PLEASE.
THANK YOU. >> SO JUST TO KIND F OF SUMMARIZE THE AGREEMENT. FGU HELPED NEGOTIATE THIS AGREEMENT WITH THE CITY OF LEESBURG.
IT IS FOR A TWO-YEAR PERIOD AND I WANT TO HIGHLIGHT THAT FOR A SECOND. BECAUSE-- OUR NEW PIPELINE WHICH WE EXPECT TO COME ONLINE IN 2028.
WE DON'T NEED LEESBURG'S CAPACITY ANYMORE.
BUT-- WE DID ASK THEM TO INCLUDE A ONE-YEAR RENEWAL PERIOD BECAUSE IF THEY RUN INTO ANY CONSTRUCTION DELAYS WE WANT TO BE ABLE TO SECURE THAT CAPACITY.
ESPECIALLY IN THE NEXT FEW YEARS.
BECAUSE WE HAVE QUITE A BIT OF GROWTH COMING TO OUR AREA.
AND SPECIFICALLY ALL OTHER UTILITYS.
BUT WE HAVE A COUPLE BIG GAS PROJECTS WE ARE EXCITED ABOUT.
THIS AGREEMENT WOULD START JULY 1K39S GO THROUGH DECEMBER 3 19S OF JULY '28. AND THIS IS JUST TO COVER US BEFORE THE NEW PIPELINE IS CONSTRUCTED.
THE AGREEMENT IS FOR 800DECATHERMS. 400 OF IT IS LOCKED IN AT PER TERRA FREIGHT.
AND THE OTHER WOULD BE AT WHATEVER THE MARKET PRICE IS.
BUT WE'RE AT LEAST LOCKED UP THE CAPACITY WHICH IS AN IMPORTANT PART. AND AS ALWAYS.
AS MENTIONED BEFORE. THEY WERE ABLE TO SELL TO OFFSET COSTS. WHICH THEY DO A FANTASTIC JOB.
HISTORICALLY LAST DECADE. WHERE THEY MADE A BIT OF MONEY.
WHEN THEY RESELL OUR CAPACITY. SO.
NEXT SLIDE PLEASE. AND THEN-- SO TODAY WE'RE JUST ASKING FOR APPROVAL. OF THE AGREEMENT BETWEEN FPUA AND THE CITY OF LEESBURG FOR THE ADDITION CALL PASSTY.
AND THIS IS ONLY FOR THE SUMMER MONTHS.
BECAUSE THAT'S WHAT THEY ARE WILLING TO GIVE UP IS THAT TIMEFRAME. AND THAT'S-- A MATCH FOR US.
THANK F GECHLT FOR HELPING US OUT THERE.
CAN YOU REMIND US HOW MUCH CAPACITY WE ARE GOING TO GAIN
WITH THIS NEW PROJECT. >> 20DECATHERMS. . NEW PIPELINE THAT WILL BE READY
INTERESTING THAT THE SWING WAS SO SIGNIFICANT FROM ONE CUSTOMER AND I THINK THAT GOES BACK TO MR. CHAIR BEING A LITTLE CONCERNED WHEN WE WERE TALKING ABOUT CAPTURING SO MUCH MORE WITH THIS NEW PIPELINE. SO WE'RE SEEING IT IN ACTION HERE. BUT AT LEAST IT'S A WAY THAT NOW WE KNOW TOO THAT THE MARKET STILL GOING TO BE OUT THERE.
SOMEBODY IS GOING TO NEED TO BUY IT FROM US.
SO WHAT A GREAT WAY TO HAVE A TEAM WORK KIND OF ENVIRONMENT.
[00:20:02]
YOU KNOW TO HELP KEEP EVERYBODY GOING.ALL RIGHT. THANK LEESBURG FOR THAT.
>> SO THIS IS A TWO-YEAR COMMITMENT WITH A ONE-YEAR RENEWAL? OR ANOTHER RENEWAL FOR ANOTHER
TWO YEARS? >> NO-- IT WOULD BE A ONE YEAR RENEWAL ON A ONE-YEAR RENEWAL BASIS.
SO JUST ONE YEAR AT A TIME. SO UNLIMITED ONE-YEAR RENEWALS.
BUT WE DON'T WANT IT BECAUSE WE'RE GOING TO HAVE OUR
CAPACITY. >> EXACTLY BUT LIKE YOU MENTIONED IF THERE'S A DELAY IN CONSTRUCTION.
ONE-YEAR MAYBE. BUT THERE'S POSSIBILITY FOR IT TO BE TWO YEARS. WANT TO MAKE SURE IT'S ONE THAT WE CAN PERPETUALLY EXTEND IN CASE SOMETHING-- YOU KNOW UNCERTAIN HAPPENS WITH THE MARKET.
OR UNFORESEEN ECONOMIC EVENTS. YOU NEVER KNOW WHAT COULD BE THERE. OKAY.
>> MR. CHAIR. WHENEVER SOMETHING LIKE THIS HAPPENS AND SUNRISE SAYS WE WANT THIS BACK, DO YOU GO SEARCHING? OR DOES LEESBURG GO SEARCHING FOR YOU? I MEAN HOW DOES THAT WORK?
>> SO FTU GOES-- AS THEY MANAGE THE CONTRACT FOR ALL OF THE CITIES. SO CITY OF SUNRISE IS ACTUALLY A MEMBER OF FGU. THEY ARE ONE OF OUR SISTER CITIES. BUT THEY NEED THEIR CAPACITY BACK. BUT THEY'LL WORK IN THE CITIES PART OF THE FGU MEMBERSHIP. TO FIGURE OUT WHO HAS IT WHEN THEY CAN GET-- WHEN THEY CAN OFFSET IT AND WHO NEEDS IT SO THEY-- THEY ARE OUR BROKE SORE TO SPEAK.
NOW--. SFWLI JUST HAVE SOMEWHAT OF AN ADMINISTRATIVE QUESTION. SO THE-- THAT WE ARE PROBING, WOULD BIT AVAILABLE FOR OUR REVIEW TO ENSURE THE TERMS ARE BEING PRESENTED AS PART OF THE AGREEMENT.
WOULD BE MADE PART OF WHAT WE WILL ACTUALLY-- I GUESS HANK
WOULD ACTUALLY SIGN? >> IF THE AGREEMENT SHOULD BE
IN THE AGENDA PACT, RIGHT? >> YES, MA'AM.
WE'LL MAKE SURE WE-- YES. THE SANS YES.
>> WOULD YOU LIKE TO LOOK THROUGH IT BEFORE I SIGN IT?
>> YOU SIGNING IT TODAY? >> I THINK SHE HAS TO SIGN
TIGHT. >> YEAH I THINK IT'S COMING TO
YOU MIGHT LOOK THROUGH IT. >> YES, MA'AM.
YES YOU ARE SIGNING TODAY SO WE'LL MAKE SURE WE REVIEW IT AFTER TODAY. BUT THE TEMPLATE AGREEMENT IS PRETTY STRAIGHT FORWARD. YOU KNOW--.
ALL RIGHT. >> AND EI AM RIGHT IN SEEING THAT WE ARE ACTUALLY SAVING MONEY WITH THIS, RIGHT? NOT ONLY FROM THE SUNRISE PORTION BUT THEN THAT ADDITION TWOL-THIRDS. WE ARE NOW GETTING IT EIGHT 58 CENTS. COULD BE SIGNIFICANT SAVINGS.
>> ACTUALLY 51 CENTS. SUNRISE WAS 58 AND 400 OF IT AT 51 AND THE OTHER WOULD GO TO MARKET AT MARKET PRICE.
BUT WE'RE NOT HAVING TO FIGHT FOR CAPACITY AND PRICE.
JUST PRICE. >> THAT'S WONDERFUL.
>> OKAY. DO WE HAVE A MOTION TO APPROVE?
>> I'LL SECOND. >> MRS. DAVIS.
>> YES, MA'AM. >> MRS. GIBBONS.
>> MAYOR HUDSON. >> YES, MA'AM.
[F. DIRECTOR COMMENTS]
>> I THINK THAT CONCLUDES THE HEARING.
DIRECTOR COMMENT SMS. >> ONE QUICK COMMENT.
OUR NEXT BOARD MEETING WILL BE JUNE 16TH AND IT WILL BE OUR BUDGET WORKSHOP AND IT WILL BE AT THE ENERGY SERVICES CENTRE.
IT STARTS AT 1 BUT WE WILL HAVE LUNCH AVAILABLE.
BEFORE THE MEETING STARTS. SO--.
>> MAY OR MAY NOT BE AT THAT MEETING.
BECAUSE I GOT ONE OF THOSE IRREVOCABLE INVITATIONS TO SERVE ON THE JURY DUTY THAT WEEK.
>> YOU MAY HAVE TO SERVE ON A JURY?
>> THIS WOULD BE MY THIRD TIME. YEAH.
DISTINGUISHED-- HAD TO GET ME OUT ONE TIME.
BUT YEAH, I DON'T KNOW WHAT IT IS.
I THINK I KEEP GETTING THEM MORE THAN ANYBODY.
I DON'T KNOW WHY. >> THREE TIMES.
>> WE'LL HAVE SOME FUN AT THE BUDGET WORKSHOP SO WE WILL MISS YOU. THAT'S ALL I HAVE FOR THE BOARD
ATTORNEY COMMENTS? >> NO, SIR.
ANY COMMENTS FROM THE BOARD? ALL RIGHT THEN WE ARE ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.