HomeMy Public PortalAbout05-21-2007 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, MAY 21, 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, May 21, 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 meeting held May 7, 2007.
Board member Sharp 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 294,145.76
Investments Purchased From:
Utility Bond Reserve Fund 346,772.28
Transfers from Cash Operating to:
Depreciation Reserve Fund 548,280.74
Miscellaneous Prepaid Invoices 197,628.08
Telecom. Div. Misc. Pre Paid Invoices: 21,618.72
Total Prepaid Invoices: 1,408,445.58
Total EFT/Direct Deposit of Payroll: (108,153.13)
Total Prepaid Invoices: 1,300,292.45
Total EFT Transfers: 2,398,414.43
Total Prepaids plus EFT Transfers: 3,698,706.88
Total Bills Not Paid: 1.008.417.67
Grand Total: $4,707,124.55
STREET LIGHT COMMITTEE: None
OLD BUSINESS:
• Award bid for a new bucket truck to replace Unit#32:
General Manager Saum recommended awarding the bid to Altec in the amount of$137,219 (after trade-in).
Mr. Saum stated the budgeted amount for this item was $150,000. Board member Wissel moved to award
the bid for a new 55' bucket truck to Altec with a second by Board member Lundy. Upon a vote viva voce,
the motion passed.
NEW BUSINESS:
• Mr. Saum requested the 2007 budget be amended by appropriating an additional $33,000 for an insurance
appraisal of Richmond Power and Light grounds, sub-stations, buildings, etc. Historically an appraisal has
been conducted every five years, but was not included in the 2007 budget as needed. This appraisal is
necessary to establish insurance rates. Board member Welch moved to appropriate an additional $33,000
to the 2007 budget for an insurance appraisal with a second by Board member Glover. Upon a vote viva
voce,the motion passed.
• Board approval of the General Manager's contract: Board member Welch, Chair of the Search Committee
for a General Manager, reported that after interviewing nine applicants, the Search Committee
recommended Steve Saum as General Manager. Board member Sharp seconded the motion. Upon a vote
viva voce, the motion passed.
The contract with the new General Manager will be reviewed by the City Attorney.
REPORT BY GENERAL MANAGER:
• Mr. Saum reported the second coal train arrived this date. Six cars were unloaded today. The
shaker has been installed.
• All the bases for the street lights on East Main Street have been installed. This project will be completed this
month.
• The contract with the Indiana Municipal Power Authority will be reviewed and a report given at the next
Board meeting.
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