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Res No 068-11-13382RESOLUTION No.: 68-11-13382 A Resolution of the Mayor and City Commission of the City of South Miami, Florida, exploring options with regard to the Florida Power & Light Franchise Agreement scheduled to expire in 2014; and providing an effective date. WHEREAS, in May of 1984, the City of South Miami entered into a franchise agreement (the "Franchise Agreement") with FPL for a 30 -year period which granted a non- exclusive electric franchise to the utility to utilize public rights of way throughout the City in return for franchise fees; and WHEREAS, the City currently receives approximately $1.2 million annually in franchise fees, approximately 9.4% of annual tax revenues and 6.4% of annual total revenues; and WHEREAS, certain franchise fees remitted to the City come from a regressive consumption tax of 5.7% on the electric bills of rate payers; and WHEREAS, the Franchise Agreement creates a tax on residents and business owners, in exchange for which they sign over sovereign rights to FPL - in essence the Franchise Agreement forces taxpayers to pay to lose their own rights; and WHEREAS, the Franchise Agreement locks taxpayers into a fixed tax rate for 30 years that cannot be changed by elected officials or by citizen referendum, even though the electric rates can be changed by FPL with no consent by the taxed parties or municipal elected officials, thus the amount the citizens are taxed is no longer under control of the City; and WHEREAS, the 30 year monopoly created by the Franchise Agreement limits the options available to City residents with regards to lowering energy prices and encouraging innovation through competition; and WHEREAS, pursuant to the Franchise Agreement, FPL can locate power lines and equipment almost any place unless the City can find a reason to challenge such placement or use; and WHEREAS, the City's right to self - determination dictate's sovereign authority with regards to the placement of power lines within the City, the deployment of new technologies, the use of renewable energy sources, and the distribution and selling of locally generated solar power; WHEREAS, FPL passes most, but not all, of the franchise fees through to the City, minus certain holdbacks, and subject to certain delays which allow FPL free use of the citizens' money; and WHEREAS, Miami Beach audited FPL's franchise fee collections over a three -year period and found that FPL had underpaid their city $1 million; and Page 1 of 2 Res. No. 68 -11 -13382 WHEREAS, the City of Parkland, FL in Broward County did not renew their Franchise Agreement with FPL in 1993 but has continued to receive electric service as before; and WHEREAS, Franchise Agreements are unnecessary because cities without Franchise Agreements may continue to purchase electricity from FPL at the same rates as those with Franchise Agreements; NOW THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI THAT: Section 1. The City shall study all options with regards to the FPL Franchise Agreement expiring in May of 2014 including options to develop alternate tax revenues to replace the current revenue stream from franchise taxes imposed on rate payer's electricity bills with the goal that, by fiscal year 2013 -14, the City will not need to rely on electricity franchise fees revenues for operations and could refrain from entering into a new Franchise Agreement with FPL. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOP'T'ED this 1 9thday of Apr; t , 2011. ATTEST: ��(3��� CITY CLERK APPROVED: M941� .4 MAY R COMMISSION VOTE: 4 -0 Mayor Stoddard: Yea Vice Mayor Newman: Yea Commissioner Palmer: absent Commissioner Beasley: Yea Commissioner Harris: Yea Page 2 of 2