The arbitration hearing was held at the Sumter County Courthouse in the historic courtroom during the week of February 20-24th. Three arbitrators heard the considerations from both SECO and the City on the purchase option valuation for the service territory that SECO currently serves inside the city limits. It will take some time for the arbitrators to go over all the information, and determine a fair market value. Once this occurs, the City will then be able to do a firm cost vs. benefit analysis to see if exercising the purchase option is a good decision for the City. The findings and subsequent decision will be discussed with Bushnell City Council in a public meeting.
To stay informed, visit the City’s website to view the upcoming agendas or sign up for automatic emails to alert you when the agenda is published before a meeting. Typically, the agendas are available one week before the public meeting. If you have questions regarding this information, contact Susan Noell or Bruce Hickle at 352-793-2591.
The City of Bushnell and SECO will begin Arbitration proceedings on Monday, February 20th, at the Sumter County historic courthouse, beginning at 9am. This process will take several days, and will determine the actual purchase price for the electric system inside the city limits that SECO currently serves. The Bushnell City Council will discuss and decide on this decision at an upcoming City Council meeting. If you would like to receive an agenda, you can sign up online and one will be automatically sent to you via email when it is published. Stay informed – sign up today!
The Arbitration Hearing, to determine the purchase cost of the SECO electric system inside the city limits, has been postponed, due to an unavoidable delay, until a future date in early 2017. The purpose of the arbitration is to decide the appropriate value of the SECO electric system, inside the Bushnell City Limits only, so that the City can do a cost benefit analysis to determine if this purchase is a good decision for the future of Bushnell’s citizens.
Citizens for Cooperative Power (SECO-Supported Petition):
A judge has ruled that the SECO-backed petition submitted by Citizens for Cooperative Power is illegal and ordered the City NOT to place the question requiring the sale of Bushnell Electric to SECO on the ballot. The judge also said that any ballot question on the sale of City property should include the terms of the deal.
Save Bushnell Citizens Group Petition:
That brings us to another petition from a newly formed group called “Save Bushnell”, which also conducted a petition drive to change Bushnell’s charter. That change would require the terms of a deal be shared with voters when they are asked to approve the sale of City property. Save Bushnell has collected the required signatures and the City Council is reviewing their proposed charter change. It has not yet been placed on the ballot.
In the meantime, Bushnell is continuing arbitration with SECO. The goal is to determine the fair market value of the section of Bushnell that SECO currently services. Once the facts are known we can continue the discussion about whether it makes sense to purchase SECO’s electric system in the city limits as allowed in our contract. We don’t know how long this process will take but the current calendar calls for a hearing before the end of the year.
Sumter County Times published a few articles on these subjects in their July 26, 2016 edition. Open the attachments below to read these articles!