HomeMy Public PortalAbout02-21-2006 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
TUESDAY, FEBRUARY 21, 2006
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. Tuesday, February 21, 2006 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 February
6,2006 Board member Sharp seconded. The motion carried with a unanimous voice vote.
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. The motion carried with a voice vote.
Bills Already Paid:
Payroll and Deductions 289,654.84
Investments Purchased From:
Utility Bond Reserve Fund 330,000.00
Depreciation Reserve Fund 1,962,058.60
Cash Reserve Fund 381,610.55
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 74,566.81
Telecom. Div. Misc. Pre Paid Invoices: 26,636.66
Total Prepaid Invoices: $3,064,527.46
Total EFT/Direct Deposit of Payroll: (105,487.12)
Total Prepaid Invoices: $2,959,040.34
Total EFT Transfers: 3,750,858.88
Total Prepaids plus EFT Transfers: $6,709,899.22
Total Bills Not Paid: 1,018,831.60
Grand Total: $7,728,730.82
STREET LIGHT COMMITTEE: None
MISCELLANEOUS BUSINESS: General Manager, Dave Osburn, recommended awarding the bids for
miscellaneous equipment for the Highland Road substation as follows:
Brownstown Electric Supply $ 22,344.50
National Power X-Hughes Supply $ 189,671.00
Reed City Power Supply $ 172,542.00
WESCO Distribution $ 66,861.00
V&S Schuler $ 1,155.80
Board member Wissel moved to award the bids as recommended by Mr. Osburn with a second by Board
member Sharp. The motion carried with a unanimous voice vote.
REPORT BY GENERAL MANAGER:
• Copies of the Annual Customer Status Survey were distributed to the Board members
• The bond issue closing in the amount of$3.3 million is complete
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