Description: AGENDAHED.JPG

 

Item No:                    4.C.6.

 

Meeting Date:           November 13, 2012

 

From:                          Paul Kalv, Electric Director

 

Subject:                      Resolution authorizing a revised agreement with Florida Municipal Power Agency (FMPA) to represent Florida Cities in settlement discussion with Progress Energy Florida (PEF) regarding the Crystal River Unit 3 (CR3) nuclear power plant negotiations.

 

 


Staff Recommendation:

Staff recommends authorizing the revised agreement with Florida Municipal Power Agency (FMPA) to represent Florida Cities in settlement discussion with Progress Energy Florida (PEF) regarding the Crystal River Unit 3 nuclear power plant negotiations.

 

Analysis:

The Florida Municipal Power Agency (FMPA) is currently working on behalf of the City of Leesburg and other municipal owners (individually “Florida City” and collectively “Florida Cities”) of the Crystal River Unit 3 (CR3) nuclear power plant in negotiations with the operating owner Progress Energy Florida to support our non-operating owner interests in the ultimate decision to complete the repairs needed to bring the plant to full operation or decommission the facility.

 

At this point the attached Agreement between FMPA and Leesburg is required to continue these discussions with PEF.

 

The initial FMPA budget for these discussions has been set at $250,000 and Leesburg’s ownership share is 10.15% for a not to exceed amount of $25,375.

 

Attached are the following additional documents in support of this request:

 

·         Memorandum from FMPA to Florida City representatives, dated October 17, 2012

·         Exhibit A – First Amended Confidentiality Agreement with respect to Settlement Negotiations, dated September 10, 2012

·         Exhibit B – Proposed member cost allocation for CR3 negotiations with Progress Energy

 

Options:

1.  Authorize agreement as presented; or,

2.  Such alternative action as the Commission may deem appropriate

 



Fiscal Impact
: 

The City of Leesburg’s portion should not to exceed $25,375.00.  Funds are available in the current Electric budget.

 

Submission Date and Time:    11/8/2012 4:25 PM____

 

Department: _Electric___________

Prepared by:  _Sabrina Hubbell___                     

Attachments:         Yes_X__   No ____

Advertised:   ____Not Required _X__                     

Dates:   _______    ________________                     

Attorney Review :       Yes_X_  No ____

                                               

Revised 6/10/04

 

Reviewed by: Dept. Head _Paul Kalv_

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _041-1062-531-3110___

 

Project No. ___415880_________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A REVISED AGREEMENT WITH FLORIDA MUNICIPAL ELECTRIC ASSOCIATION TO REPRESENT FLORIDA CITIES IN SETTLEMENT DISCUSSIONS WITH PROGRESS ENERGY FLORIDA (PEF) REGARDING CRYSTAL RIVER UNIT 3 (CR3) NUCLEAR POWER PLANT NEGOTIATIONS; AND PROVIDING AN EFFECTIVE DATE..

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement  with Florida Municipal Power Agency, whose address is P O Box 10114, Tallahassee, FL 32302-2114, for agreement to represent Florida Cities in settlement discussion with Progress Energy Florida.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 13th day of November, 2012.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk