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Home My Public Portal About12-02-2013 PROCEEDINGS OF THE BOARD OF DIRECTORS FOR RICHMOND POWER & LIGHT DECEMBER 2, 2013 The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. December 2, 2013 in the Council Chambers of the Municipal Building in said City. Chairperson Wissel presided. ROLL CALL: Present were: Howard "Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Don Winget, Larry Parker, Misty Hollis, Ron Oler and Phil Quinn. Also present were: James French, General Manager; Walt Chidester, City Attorney; Karen Chasteen, City Clerk; Media and Sergeant-at-Arms. APPROVAL OF MINUTES: Mr. Parker moved to approve the minutes of the meeting held November 18, 2013, supported by Ms. Hollis. Upon a vote viva voce, the motion passed. APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS: Upon recommendation of the Finance Committee, Mr. Winget moved to approve the following bills for payment, supported by Ms. Hollis. Upon a vote viva voce,the motion passed. • Bills Already Paid: Payroll and Deductions 298,076.08 Transfers from Cash Operating to: Miscellaneous Prepaid Invoices 1,425,954.47 Telecom. Div. Misc. Pre Paid Invoices: 6,283.59 EFT/Direct Deposit of Payroll: 164,979.45 EFT Transfers: 284,326.30 Total Bills Not Paid: 107.035.38 Grand Total: $1,956,696.37 STREET LIGHT COMMITTEE: None OLD BUSINESS: • DISCUSSION RE PREPAYING OF THE 2008 BONDS: Mr. French reported there is a $145,000.00 penalty for pre paying this bond at this time - which would save $12,000.00 in interest. If the Bond is paid in March 2016, the savings would be $52,000.00. There was no action taken. NEW BUSINESS: • OPEN BIDS FOR THE "RIGHT OF WAY" CONTRACT: Mr. Parker moved to accept the Proof of Publication as submitted, supported by Mr. Quinn. Upon a vote viva voce, the motion carried. Bids were received from: Vegetation Technology Services—Troy, Ohio Ashland Tree Expert Williams Tree Company—Martinsville, Indiana Tru Cut Tree Service—Kokomo, Indiana Mr. Miller moved to refer these bids to the General Manager for tabulation, evaluation and recommendation, supported by Mr.Winget. Upon a vote viva voce, the motion carried. REPORT BY GENERAL MANAGER: None MISCELLANEOUS BUSINESS: None ADJOURNMENT: There being no further business and a motion duly made,the meeting was adjourned. RP&L—Board of Directors Minutes December 2,2013 Page 2 Bruce Wissel, Chairperson ATTEST: Karen Chasteen, IAMC, MMC City Clerk • A recording of this meeting is on file in the Office of the City Clerk.