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The city is going forward with obtaining a true value of its electric facility...
Request for Letters of Interest
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PROJECT TITLE:
RFP
13
-
14
-
402
Fair Market Value Analysis of the Electric Utility System
SUBJECT:
Evaluation of Proposals by responsive firms to the aforementioned solicitation
PURPOSE:
To discuss individual
committee members’ evaluations and selection
with the
intent of award of RFQ
DATE:
Mon
day
–
July 28
, 2014
TIME
:
2:00 PM to 3:00 PM
LOCATION:
City of Lake Worth
City Hall Conference Room
–
1
st
Floor
7 North Dixie Hwy
Lake Worth, FL 33461
List of proposers
5 comments:
Only this commission would try to get a price before an INTERNAL AUDIT! We are already PAYING AN INTERNAL AUDITOR - Why isn't he doing his job 1st?
Well, it's good to know what an asset is worth. LW will be surprised to learn that it isn't worth what some are telling them it is. Good luck to whomever they choose to come up with a value. I am sure that if all 4 companies were working on this, there would be four different answers.
We need our utility to keep the city and stay afloat. For some reason there are some people (always the same people and on PACS) who want to sell it. I always want to ask, what's in it for them?
From clay Lindstrom, utility Director:
Lynn,
The Electric Utility Advisory Board was charged to consider 3 options for the electric utility--------(1) potential sale, (2) potential new power plant, (3) potential wholesale purchase power agreement.
The RFQ referenced is the first step in evaluating the financial aspects associated with the electric utility.
Clay
Do the people on the EUAB represent the range of opinions in the city or is it stacked toward selling? I don't know them, but I know who appointed them and the general slathering at the mouth to sell. That would seem a big mistake until property values go up. Cash in hand is never worth what guaranteed future cash flow is.
I am pleased that those who love LW can differ on fundamental issues but still talk about what matters.
Sam Goodstein
Thanks Lazy, for your comment. It will be interesting to learn what it is all worth as long as the report is unbiased and not slanted toward a certain end..
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