HomeMy Public PortalAbout08-15-2005 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, AUGUST 15, 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, August 15, 2005 in the
Council Chambers in the Municipal Building in said City. Chairperson Welch presided.
ROLL CALL: Present were: Howard "Jack" Elstro, Etta Lundy, Karl Sharp, Bing Welch, Larry Parker, Al
Glover, Diana Pappin and Gil Klose. Absent was Bruce Wissel,
APPROVAL OF MINUTES: Board member Parker moved to approve the minutes of the meeting held
Monday, August 1, 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 283,154.31
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 97,759.58
Telecom. Div. Misc. Pre Paid Invoices: 4,095.50
Total Prepaid Invoices: 385,009.39
Total EFT/Direct Deposit of Payroll: (98,901.88)
Total Prepaid Invoices: 286,107.51
Total EFT Transfers: 76,647.41
Total Prepaids plus EFT Transfers: 362,754.92
Total Bills Not Paid: 1,314,402.12
Grand Total: $1,677,157.04
STREET LIGHT COMMITTEE: None
REPORT BY GENERAL MANAGER:
Mr. Osburn requested approval of Proof of Publication to receive bids for a large power transformer for
the Johnson Street Substation. Board member Pappin moved to approve the Proof of Publication
pending approval by the City Attorney with a second by Board member Sharp. The motion carried with a
unanimous voice vote.
Five bids were received for the transformer:
1. Virginia Transformer Corporation $586,750
2. Brownstown Electric Supply $690,400
3. VA Tech $742,700
4. Waukashaugh Electric $580,200
Alternate 1 $560,200
Alternate 2 $681,400
Alternate 3 $662,400
5. V&S Schuler Company $678,938
Alternate $708,622
RP&L—Board of Directors Minutes
August 15,2005
Page 2
Board member Parker moved to refer the bids for a Large Power Transformer for the Johnson Street
Substation to the General Manager for evaluation, tabulation and recommendation with a second by
Board member Sharp. The motion carried with a unanimous voice vote.
General Manager Osburn presented Resolution No. 1-2005 for approval. This Resolution would
authorize the filing of a petition with the Indiana Utility Regulatory Commission for authority to issue
electric revenue bonds to finance the construction of certain improvements to RP&L's electric distribution
system. Board member Lundy moved to approve Resolution No. 1-2005 with a second by Board member
Parker. The motion carried with a unanimous voice vote.
Mr. Osburn reminded the Board of the meeting with IMPA on August 22.
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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