Agenda Item # 9.f.
City Commission Regular Meeting
- Meeting Date:
- 08/18/2014
- Re
- FPUA Advance Distribution
- Submitted For:
- Linda Cox
SUBJECT:
Approval of Memorandum of Understanding between Fort Pierce Utilities Authority (FPUA) and the City of Fort Pierce authorizing FPUA to make an advance distribution payment to the City in the amount of $1,250,000 to be repaid by deductions from future distribution payments.
SUMMARY:
The attached Memorandum of Understanding was approved by the FPUA Board at their July 31, 2014 meeting.
RECOMMENDATION:
Approve MOU
ALTERNATIVES:
Don't Approve MOU
RESPONSIBLE STAFF:
Robert V. Schwerer, City Attorney
COORDINATED WITH:
William G. Thiess, P.E., Director of Utilities
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
n/a