HomeMy Public PortalAbout09-19-2005 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, SEPTEMBER 19, 2005
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, September 19, 2005 in the
Council Chambers in the Municipal Building in said City. Chairperson Welch 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 Parker moved to approve the minutes of the meeting held
September 6, 2005. 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 282,569.90
Investments Purchased From:
Consumer Deposit Fund 290,000.00
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 103,748.70
Telecom. Div. Misc. Pre Paid Invoices: 19.853.96
Total Prepaid Invoices: 696,172.56
Total EFT/Direct Deposit of Payroll: (101,285.47)
Total Prepaid Invoices: 594,887.09
Total EFT Transfers: 2,484,984.98
Total Prepaids plus EFT Transfers: 3,079,872.07
Total Bills Not Paid: 564.721.31
Grand Total: $3,644,593.38
STREET LIGHT COMMITTEE: None
NEW BUSINESS:
RESOLUTION NO. 2-2005 — A RESOLUTION OF THE RICHMOND POWER AND LIGHT BOARD OF
DIRECTORS FIXING THE NUMBER AND COMPENSATION OF EMPLOYEES
This resolution fixes the numbers of hourly employees and the compensation of same for the fiscal year
2006 and reflects salary increases ranging from 3.25%to 6%.
Board member Wissel moved to adopt Resolution No. 2-2005 with a second by Board member Parker.
Resolution No. 2-2005 was adopted with a 6-3 roll call vote. Dissenting were Board members Elstro,
Lundy and Pappin.
RESOLUTION NO. 3-2005—DECLARATION OF OFFICIAL INTENT TO REIMBURSE EXPENDITURES.
RP&L intends to construct additions and improvements and will use funds from its Depreciation Reserve
fund to pay for certain costs. Resolution No. 3-2005 declares the intent of RP&L to complete the work; to
reimburse certain costs of completing the work with proceeds of temporary or long term debt to be
incurred by the City and the City will issue debt not exceeding $3.5 million in aggregate principal amount
for purposes of paying and reimbursing costs.
Board member Wissel moved to adopt Resolution No. 3-2005 with a second by Board member Sharp.
The motion carried with a unanimous voice vote.
RP&L—Board of Directors Minutes
September 19,2005
Page 2
REPORT BY GENERAL MANAGER:
• General Manager Osburn requested authorization to receive bids for materials and construction
for the Highland Road substation. Board member Parker moved to approve the requested
authorization with a second by Board member Sharp. The motion carried with a unanimous voice
vote.
• Mr. Osburn reported the SO2 project is proceeding as planned.
• A small block of NOX allowances will need to be purchased one more time this year.
• There will be a meeting of the Board at RP&L on September 26, 7 PM, in the Conference Room
of the Service Building. The agenda includes an operations update, a review of the 2006 budget
and an update on the Landfill Gas Project.
ADJOURNMENT:
There being no further business, the meeting was adjourned.
S/S Bing Welch
Bing Welch, Chairperson
S/S Karen Chasteen
ATTEST: Karen Chasteen, Clerk