HomeMy Public PortalAbout12-07-2009 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
MONDAY, DECEMBER 7, 2009
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. December 7,
2009 in the Council Chambers in the Municipal Building in said City. Chairperson Quinn presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Bing Welch,
Larry Parker, Diana Pappin, Bob Goodwin and Phil Quinn.
Also present were: Roger Richert, Depot District; Walt Chidester, City Attorney; Renee Oldham, Center
City Development; Randy Baker, RP&L Corporate Services Director and Karen Chasteen, City Clerk.
APPROVAL OF MINUTES:
Mr. Parker moved to approve the minutes of the meeting held December 7, 2009, supported by Mr. Miller.
Upon a vote viva voce, the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance'Committee, Ms. Pappin moved to approve the following bills for
payment, supported by Mr. Goodwin. Upon a vote viva voce, the motion passed.
Bills Already Paid:
Payroll and Deductions 317,888.00
Investments Purchased From:
Depreciation Reserve Fund 8,400,000.00
Consumer Deposit Fund 450,000.00
Insurance Reserve Fund 1,332,000.00
Bond Reserve Fund 750,000.00
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 289,607.08
Telecom. Div. Misc. Pre Paid Invoices: 64,297.50
EFT/Direct Deposit of Payroll: 118,346.56
EFT Transfers: 4,223,798.59
Total Bills Not Paid: 340.701.98
Grand Total: $16,049,946.59
STREET LIGHT COMMITTEE:
None
OLD BUSINESS:
■ OPEN BIDS ON CHIPPERS:
Mr. Parker moved to accept the Proof of Publication to accept bids on two new 13-inch capacity
disc chippers to replace a 1995 and a 1996 Brush Bandit Chippers as submitted by Mr. Baker,
supported by Mr. Welch. Upon a vote viva voce, the motion passed.
Three bids were submitted:
Altec— Indianapolis, IN: $21,925/each ($43,950 w/$4000 trade-in)
Premier Midwest—Fishers, IN: $35,000/each ($50,000 w/$10,000 trade-in)
Southeastern Equipment Company— Indianapolis, IN: $27,275/each
($54,550 w/$10,000 trade-in)
If this contract is awarded to Altec, Mr. Parker suggested RP&L consider no trade in and asking
the Street and/or Park Departments if the chippers could be of use.
Mr. Wissel moved to refer bids on two chippers to the General Manager for tabulation, evaluation
and recommendation, supported by Mr. Miller. Upon a vote viva voce, the motion passed.
NEW BUSINESS:
None
REPORT BY GENERAL MANAGER:
• Market prices are up: Unit#2 was generating last week and Unit#1 will be generating later this
week.
RP&L—Board of Directors Minutes
December 7,2009
Page 2
■ Power was restored during two outages today within approximately 1-1/2 hours.
MISCELLANEOUS BUSINESS:
None
ADJOURNMENT:
There being no further business and a motion duly made, the meeting was adjourned.
esqC4Y
Phil Quinn, Chairperson
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk