HomeMy Public PortalAbout12-03-2007 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, DECEMBER 3, 2007
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, December 3, 2007 in the
Council Chambers in the Municipal Building in said City. Chairperson Parker presided.
ROLL CALL: Present were: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Karl Sharp, Bing Welch,
Larry Parker,Al Glover and Diana Pappin. Absent was Board member Gil Klose.
APPROVAL OF MINUTES: Board member Pappin moved to amend the minutes by adding the following
paragraph to the discussion regarding the Baghouse: The Board asked that Mr. Saum investigate and
report to the Board the cost and/or benefits of alternative financing of the Baghouse using a line of credit
with a financial institution instead of issuing bonds. Board member Welch seconded the motion. Upon a
vote viva voce, the motion passed. Board member Wissel moved to approve the amended minutes of
the meeting held November 19, 2007, with a second by Board member Sharp. 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 Sharp. Upon a vote viva voce, the motion passed. .
Bills Already Paid:
Payroll and Deductions 305,817.12
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 328,680.15
Telecom. Div. Misc. Pre Paid Invoices: 150,771.14
Total Prepaid Invoices: 785,268.41
Total EFT/Direct Deposit of Payroll: (124,567.28)
Total Prepaid Invoices: 660,701.13
Total EFT Transfers: 2,672,709.22
Total Prepaids plus EFT Transfers: 3,333,410.35
Total Bills Not Paid: 348,446.78
Grand Total: $3,681,857.13
STREET LIGHT COMMITTEE: Board member Elstro stated there will be a report on the lights for the
Rose City Business Park at the December 17 meeting.
OLD BUSINESS: None
NEW BUSINESS: None I
REPORT BY GENERAL MANAGER:
Richmond Power and Light Controller Sandra Morris represented Mr. Saum with the following report:
• Pursuant to Indiana Code, RP&L cannot do a line of credit for the baghouse. Bonds have to be
issued. A bond hearing will be scheduled for early February, 2008.
• Board members need to RSVP for the American Public Power Association Legislative Rally,
February 25-27 in Washington, D.C. and the Indiana Municipal Electric Association/Indiana
Municipal Power Agency reception in Indianapolis on February 13.
• No. 1 Generator is still down for maintenance.
• The Fourth Amendment to the Agreement with IMPA regarding the sharing of proceeds will be
voted on December 14, 2007.
ADJOURNMENT:
There being no further business, the meeting was adjourned.
S/S Larry Parker
Larry Parker, Chairperson
S/S Karen Chasteen
ATTEST: Karen Chasteen, Clerk