HomeMy Public PortalAbout01-07-2008 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA,SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER& LIGHT PLANT
MONDAY, JANUARY 7, 2008
The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of the Richmond
Power& Light Plant met in regular session at 7 p.m. Monday, January 7, 2008 in the Council Chambers in the Municipal
Building in said City. Chairperson Welch presided.
ROLL CALL: Present were: Howard"Jack" Elstro, Kelley Cruse-Nicholson, Bruce Wissel, Clayton Miller, Bing Welch, Larry
Parker, Diana Pappin, Phil Quinn and Bob Goodwin.
APPROVAL OF MINUTES: Board member Parker moved to approve the minutes of the meeting held December 17,2007.
Board member Goodwin seconded. Upon a vote viva voce,the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee, Board member Pappin moved to approve the following bills for payment
with a second by Board member Quinn. Upon a vote viva voce,the motion passed. .
Bills Already Paid:
Payroll and Deductions 311,782.99
Investments Purchased From:
Depreciation Reserve Fund 4,000,000.00
Cash Reserve Fund 1.318.530.19
Group Insurance Fund 5,318,530.19
Total
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 319,069.55
Telecom. Div. Misc. Pre Paid Invoices: 3,860.94
Total Prepaid Invoices: 5,953,243.67
Total EFT/Direct Deposit of Payroll: (117,989.96)
Total Prepaid Invoices: 5,835,253.71
Total EFT Transfers: 3,229,409.26
Total Prepaids plus EFT Transfers: 9,064,662.97
Total Bills Not Paid: 898,493.44
Grand Total: $9,963,156.41
STREET LIGHT COMMITTEE: A copy of the procedure for requesting Street Lights was distributed to Board members.
OLD BUSINESS: None
NEW BUSINESS:
• General Manager Saum presented the Fourth Amendment to the Capacity Purchase Agreement between the
Indiana Municipal Power Agency and the City of Richmond. Board member Parker moved to approve the
Amendment as presented,with a second by Board member Pappin. Upon a vote viva voce,the motion passed.
• Mr.Saum presented Resolution No. 1-2008. This Resolution would amend Resolution No. 5-2007 to allow for the
job classifications of Corporate Services Director and Energy Deliver Director for the fiscal year beginning October
1, 2007 and ending September 30, 2008. Board member Miller moved to approve Resolution No. 1-2008,with a
second by Board member Parker. Upon a vote viva voce,the motion passed.
REPORT BY GENERAL MANAGER:
• Mr.Saum will be providing testimony with the Indiana Utility Regulatory Commission regarding the diversification of
fuel.
• Both units have been repaired and are running.
• Mr.Saum presented a gift to outgoing Chairperson Larry Parker.
ADJOURNMENT:
There being no further business,the meeting was adjourned.
-; A a/
Bing Welch, Chaiylierson
A : Karen Chasteen, Clerk