HomeMy Public PortalAbout02-22-2005 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
TUESDAY, FEBRUARY 22, 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. Tuesday,
February 22, 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, Diana Pappin and Gil Klose. Al Glover was absent.
APPROVAL OF MINUTES: Board member Sharp moved to approve the minutes of the
meeting held February 7, 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 Klose. The motion carried with a
voice vote.
Bills Already Paid:
Payroll and Deductions 283,944.54
Investments Purchased From:
Depreciation Reserve Fund 4,065,122.87
Cash Reserve Fund 24,247.65
Total 4,089,370.52
Miscellaneous Prepaid Invoices 346,025.10
Telecom. Div. Misc. Pre Paid Invoices: 8,555.94
Total Prepaid Invoices: 4,727,896.10
Total EFT/Direct Deposit of Payroll: (102,041.81)
Total Prepaid Invoices: 4,625,854.29
Total EFT Transfers: 1,581,779.14
Total Prepaids plus EFT Transfers: 6,207,633.43
Total Bills Not Paid: 789.948.29
Grand Total: 6,997,581.72
STREET LIGHT COMMITTEE: None
REPORT BY GENERAL MANAGER:
1. General Manager Dave Osburn reviewed the bids received for a 2005 Mid-size 4-door, 2
WD, extended cab pick-up truck. Board member Parker moved to award the bid to
Studebaker Buick-GMC, Inc. in the amount of $13,225.35 with a second by Bbard
member Wissel. The motion carried with a unanimous voice vote.
2. General Manager Osburn presented Proof of Publication for bids on a 2-man 55'
Material Handling Bucket truck to replace Unit #25 (a1994 model with 50,766 miles).
Board member Sharp moved to accept the Proof of Publication with a second by Board
member Pappin. The motion carried with a unanimous voice vote.
RP&L—Board of Directors Minutes
February 22,2005
Page 2
Three bids were received for the published Bucket truck:
Studebaker Buick-GMS, Inc. $117,351.19 (after trade-in)
Altec Industries, Inc. $129,596.00 (after trade-in)
Lift-All $114,317.00 (after trade-in)
Board member Wissel moved to refer the bids to the General Manager for tabulation,
evaluation and recommendation with a second by Board member Sharp. The motion
carried with a unanimous voice vote.
3. The Indiana Utility Regulatory Commission has approved an increase of 6.5% in rates
for RP&L. An ordinance asking for Common Council approval will be presented at the
Council meeting immediately following this Board meeting.
4. A verbal offer to reimburse RP&L for the repair of Unit #2 has been received from
General Electric. The final amount will be negotiated.
5. The Annual Business Review is scheduled for March.
6. Mr. Osburn attended the Annual Legislative Rally in Washington. He distributed
information received regarding public power and telecommunications services.
7. HB 1148 (which would prohibit RP&L from providing telecommunications services) was
defeated.
8. Mr. Osburn distributed copies of a Press Release from Peabody Energy announcing that
a group of Midwest rural electric cooperatives and municipal joint action agencies have
entered into a definitive agreement to acquire nearly 50 percent ownership of the Prairie
State Energy Campus and an equal amount of the plant's electricity output.
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