HomeMy Public PortalAbout11-19-2007 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, NOVEMBER 19,2007
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, November 19,2007 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,
Diana Pappin and Gil Klose.
APPROVAL OF MINUTES: Board member Welch moved to approve the minutes of the meetings held July 30, November 5 and 8,
2007. Board member Wissel 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 Klose. Upon a vote viva voce,the motion passed.
Bills Already Paid:
Payroll and Deductions 295,719.89
Investments Purchased From:
Utility Bond Reserve Fund 356,168.06 '
Depreciation Reserve Fund 563,020.96
Total 919,189.02
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 111,777.52
Telecom.Div.Misc.Pre Paid Invoices: 44,707.40
Total Prepaid Invoices: 1,371,393.83
Total EFT/Direct Deposit of Payroll: (112,378.54)
Total Prepaid Invoices: 1,259,015.29
Total EFT Transfers: 79,422.37
Total Prepaids plus EFT Transfers: 1,338,437.66
Total Bills Not Paid: 1.177.322.69
Grand Total: $2,215,760.35
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• Award Bid—Digger Derrick to replace Unit#24,a 1997 Digger Derrick with 48,746 miles:
General Manager Steve Saum recommended awarding the bid for a new Digger Derrick to Deuco in the amount of
$167,834. The budget for this item was $190,000. Board member Wissel moved to approve Mr. Saum's
recommendation,with a second by Board member Welch. Upon a vote viva voce,the motion passed.
• Award Bid — Two (2) single drum, trailer mounted Puller/Tensioners to replace Unit #105 and #106, 1982
Puller/Tensioners:
Mr.Saum recommended awarding the bid for two Puller/Tensioners to Sherman&Riley in the amount of$100,000. The
budget for this item was$120,000. Board member Welch moved to approve Mr. Saum's recommendation,with a second
by Board member Sharp. Upon a vote viva voce,the motion passed.
• Award Bid—Baghouse:
Mr. Saum recommended awarding this bid to the lowest and best bidder, Dustex, in the amount of$7,261,344. Board
member Wissel moved to approve Mr. Saum's recommendation,with a second by Board member Sharp. Upon a vote
viva voce,the motion passed.
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.
NEW BUSINESS:
• RP&L 2008-2012 Capital and Expense Budgets:
Board member Welch moved to approve the 2008-2012 Capital and Expense budgets,with a second by Board member
Elstro. Upon a vote viva voce,the motion passed.
• Parallax 2008-2012 Capital and Expense Budgets:
Board member Sharp moved to approve the 2008-2012 Parallax Capital and Expense budgets, with a second by Board
member Welch. Upon a vote viva voce,the motion passed.
REPORT BY GENERAL MANAGER:
• Unit No. 1 has been down with minor problems with the relay. It will be operational next Monday.
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