HomeMy Public PortalAbout04-18-2005 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, APRIL 18, 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, April
18, 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 April 4, 2005.' Board member Wissel 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 Elstro. The motion carried with a
voice vote.
Bills Already Paid:
Payroll and Deductions 296,111.94
Investments Purchased From:
Depreciation Reserve Fund 5,98,851.57
Cash Reserve Fund _ 537,927.00
Total 6,456,778.57
Miscellaneous Prepaid Invoices 122,110.71
Telecom. Div. Misc. Pre Paid Invoices: 9,332.00
Total 6,884,333.22
Less EFT/Direct Deposit of Payroll (106,183.14)
Total Prepaid Invoices: 6,778,150.08
Total EFT Transfers: 2,123,139.71
Total Prepaids plus EFT Transfers: 8,901,289.79
Total Bills Not Paid: 1,235,415.51
Grand Total: $10,136,705.51
STREET LIGHT COMMITTEE: None
REPORT BY GENERAL MANAGER:
• RP&L, the City of Richmond Engineering Department and Street Department have been
working with the Veterans Affairs Office in designing a new road to provide uninterrupted
access to the Vietnam Veterans Memorial area while securing the Johnson Street
Station. General Manager Dave Osburn requested final action. City Attorney Walt
Chidester is preparing a five-year lease which would make the Veteran's organizations
responsible for mowing the memorial area and picking up trash. The City of Richmond
RP&L—Board of Directors Minutes
April 18,2005
Page 2
would be responsible for insurance on the site. Any work on the banks in the area will
be taken care of by the Park Department. This lease would be renewable in five-year
increments. This agreement will be brought forth to be approved at the May 2, 2005
meeting.
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