HomeMy Public PortalAbout05-05-2003 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,MAY 5,2003
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 21,2003 in the Council Chambers in
the Municipal Building in said City.Chairperson Bruce Wissel presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Etta J.Lundy,Karl Sharp,Bing Welch,Larry Parker,Stephen H.Rabe,Phil
Dickman and Sarah"Sally"Hutton. The following business was conducted:
ROLL CALL
Nine present.
MINUTES FOR APRIL 21,2003
Councilmember Parker moved to approve the minutes of April 21 and the special meeting at RP&L,second by
Councilmember Welch and the motion was carried on a voice vote.
APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS
Upon recommendation of the Finance Committee,Councilmember Hutton moved to approve the following bills for
payment,seconded by Councilmember Dickman and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $264,820.45
Investments Purchased From:
Cash Operating Fund 400,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 121,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 203,450.58
Group Insurance Fund
Total $724,450.58
Telecommunications Division Investments Purchased From:
Cash Operating Fund $400,000.00
Transfer from Cash Operating Fund to:
Cash Reserve Fund for Payment
To City in lieu of taxes
Transfer from Cash Operating Fund to:
Depreciation Reserve Fund
For Property&Plant
Transfers from Depreciation Reserve to:
Cash Operating Fund
Transfers from Consumer Deposit to:
Cash Operating Fund
Transfers from Utility Bond Reserve Fund to:
Bond Sinking Fund
Transfers from Cash Operating to:
Interest and Bond Principal
Bond Sinking Fund
Cash Reserve Fund
Utility Bond Sinking Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund
Interest and Bond Principal
End of Month Petty Cash
Revenue Bonds
Interest Coupons Redeemed
Interest Coupons Redeemed
Miscellaneous Prepaid Invoices $ 207,044.43
Telecom.Div.Misc.Pre Paid Invoices: 218,334.49
Total Prepaid Invoices: 1,814,649.95
Total EFT/Direct Deposit of Payroll: (90,391.40)
Total Prepaid Invoices: 1,724,258.55
Total EFT Transfers: 366,977.38
Total Prepaids plus EFT Transfers: 2,091,235.93
Total Bills Not Paid: 493,420.47
Grand Total of Bills to be approved: $ 2,584,656.40
RP&L Minutes Cont'd
May 5,2003
Page 2
REMARKS BY CHAIRPERSON
Chairperson Wissel had no remarks.
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no remarks.
REPORT BY GENERAL MANAGER
General Manager David Osburn reported that the six bids received at the last meeting for the 2003 Front Loader had
been reviewed by Bob Crye since his department is the one in which this vehicle would be used.Osburn said of the
three lowest bids received Crye's recommendation was to go with the Volvo from Rudd Equipment.Crye explained the
reasoning used in the evaluation,stating that the Volvo is a heavier loader,had a higher horsepower,its hydraulics were
superior to the other loaders,and it had a better oil filtration system,adding that the fuel economy is better than the
others.
Councilmember Parker said when he looked that over he saw that the fuel consumption was about a gallon and a half
per hour better and asked how many hours the loader would be run a year.Crye answered that that it would run about
1,800 hours a year,adding that that loader would be run about 8 or 9 years.Councilmember Dickman moved to award
the bid to Rudd Equipment for the amount of$195,184,second by Councilmember Hutton and the motion was carried
on a voice vote.
Osburn presented the proof of publication for the bids on a 2003'/a Ton,4-Wheel Drive,Extended Cab Pick-Up Truck
to replace a 1992 Mercury Grand Marquis with 113,444 miles.Councilmember Welch moved to accept that proof of
publication and place it on file,second by Councilmember Parker and the motion was carried on a voice vote.
The first bid opened by Osburn was from Studebaker Buick for$21,591.58 with an$800 trade in allowance,netting out
at$20,791.58 and it was for a GMC Sierra.The next bid was from Fred First Ford and was for 2003 F25 Super Duty at
$23,115.50,with a$715 trade in allowance,netting out at$22,415.And,the final bid was from Victory Chevrolet for a
Chevy Silverado for$22,588.79 with a trade in allowance of$700,netting out at$21,888.79.
Councilmember Sharp moved to refer the three bids to the General Manager for evaluation,tabulation and
recommendation,second by Councilmember Welch and the motion was carried on a voice vote.
Osbum asked Crye to give a brief update on the Mobotech project.Prior to doing that,Crye introduced Ada,the
Chinese exchange student who had been with him for the past eight months.Crye summarized the work done on the
spring outage,noting that the rest of the work would continue on through the summer,adding that the second phase is
getting ready for bid now.
Osburn went through some of the legislation that had this last Legislative session,noting that only a few dealt with
electric utilities.
NEW BUSINESS
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:20 p.m.
Bruce Wissel,Chairperson
A 1"1'hST:
Norma Schroeder,Clerk