Description: AGENDAHED.JPG
  

Item No:                    4.C.7.

 

Meeting Date:           July 8, 2013

 

From:                          Patrick Foster, Deputy Electric Director

           

Subject:                      Resolution authorizing additional funds to Florida Municipal Power Agency to represent Florida Cities in settlement discussions with Duke Energy Florida, Inc. (Progress Energy Florida, Inc.) regarding Crystal River Unit 3 Nuclear Power Plant negotiations.

 

 


Staff Recommendation:

Staff recommends authorizing additional funds to Florida Municipal Power Agency (FMPA) to represent Florida Cities in settlement discussion with Duke Energy Florida, Inc. (Progress Energy Florida, Inc.) 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”) in the Crystal River Unit 3 (CR3) nuclear power plant negotiations with the operating owner Duke Energy Florida, Inc. to support our non-operating owner interests in the ultimate decision to complete the repair needed to bring the plant to full operation or decommission the facility.

 

Due to the numerous complicated legal and technical issues involved in this matter an additional $250,000 is required for ongoing settlement efforts.  The City of Leesburg’s ownership share is 10.15% or an additional $25,375.

 

Options:

1.  Authorize the additional funds as presented; or,

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact: 

With the additional $25,375 the total cost for the City of Leesburg paid to Florida Municipal Power Agency will be $50,750.

Submission Date and Time:    7/8/2013 10:13 AM____

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 Patrick Foster

 

Finance  Dept. _BLM,____________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _041-1062-531-3110__

 

Project No. ___CR3SET___________

 

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 AN AGREEMENT FOR ADDITIONAL FUNDS TO FLORIDA MUNICIPAL POWER AGENCY TO REPRESENT FLORIDA CITIES IN SETTLEMENT DISCUSSIONS WITH DUKE ENERGY FLORIDA, INC. (PROGRESS ENERGY FLORIDA, INC.) REGARDING CRYSTAL RIVER UNIT 3 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 8553 Commodity Circle, Orlando, Florida 32819-9002, for agreement of additional funding to represent Florida Cities in settlement discussions with Duke Power Florida, Inc. (Resolution 9118 gave first authority for funds).

 

             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 8th day of July, 2013.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

_________________________________

City Clerk