CC Minutes 03/11/2003 - Laserfiche WebLink

Home Browse Search

City Commission Special Workshop Presentations Investor Owned Electrical Providers Page 25 arbitration, obvious cost of living increases, along with obvious any new investment added to the cost, so that at thirty years should our successors, thirty years from now, I will be long gone, you may or may not be long gone, at that point in time, those people will be able to make a decision and not have to go through the arduous process that we have gone through today. RALEY: i have been in this business for a long time Mayor, twenty-eight year, even though it may not look like it, and to try to manage a valuation like over a thirty-year is going to be extremely difficult. Is it impossible? I don't know. That valuation for the poles and wires, irrespective of the stranded costs valuation that has yet to be determined, I think that if there was something that you wanted to present, that is something that we would certainly consider. I would just say that it is going to be extremely difficult to float a valuation knowing that even you yourselves, your City limits can change through annexation, so I think it is going to be difficult to do. I am not saying it is impossible but we would certainly like to hear a suggestion. SEGRETO: We are trying to get some of these issues quantified. You said that eighty-six franchises that you already have signed and you probably have about 105 franchises in the State, is the corporation open a provision in the franchise, we have a provision in our garbage franchise that says if the hauler signs a more lucrative franchise agreement, lucrative in terms of benefit to the City, they automatically are required to give us that same benefit, the most favored nation. Is Florida Power willing to give us the most favored nation on every section of the franchise, not just on franchise fees at this point. RALEY: Mr. Segreto, as far every provision, I am not sure I can answer that, I think the attomeys would have to answer that. As far as expanding and looking at what that favored nations would include is something that we can certainly do through negotiations. I am not sure that we have the right to do much there but it is something that we be certainly willing to discuss. SEGRETO: My concern is just the basic concern if we find an agreement tonight and Longwood does a better job negotiating an agreement and they end up with a better term, I would like to make sure that Casselberry is not left essentially holding the bag, whatever they get, 1 would like to have the Commission receive that same girl. RALEY: And I can understand your concern. Again, that is something certainly that we can discuss and again, I would love to see something from the City and Mrs. Reischmann maybe we can get that. REISCItMANN: I think it is similar to, Altamonte Springs has a favorite nations for terms which is option and franchise fee, so we will probably be giving you something similar to that