HomeMy Public PortalAbout05-20-2002 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 20,2002
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,May 20,2002 in the Council Chambers in the
Municipal Building in said City.Chairperson Larry Parker presided with the following Councilmembers in attendance:
Howard"Jack"Elstro,Etta J.Lundy,Karl Sharp,Bing Welch,Bruce Wissel,Paul Combs and Sarah"Sally"Hutton.
Phil Dickman was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
The minutes of the May 6,2002 regular meeting were approved on a motion by Councilmember Hutton,a second by
Councilmember Wissel and 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 Combs and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $ 272,446.63
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund -
Cash Reserve Fund
Group Insurance Fund
Total $ 272,446.63
Telecommunications Division Investments Purchased From:
Cash Operating Fund
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
Bond Coupons
Miscellaneous Prepaid Invoices $ 119,128.15
Miscellaneous Prepaid Inv.Telecom: 24,585.47
Total Prepaid Invoices: 416,160.25
Total EFT/Direct Deposit of Payroll: (93,116.23)
Total Prepaid Invoices: 323,04.02
Total EFT Transfers: 1,100,038.62
Total Prepaids plus EFT Transfers: 1,423,082.64
Total Bills Not Paid: 510,393.62
Grand Total of Bills to be approved: $ 1,933,476.26
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RP&L Minutes Cont'd
May 20,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osburn presented the proof of publication for the bids for a 2002 four-wheel drive SUV.
Councilmember Welch moved to accept it,second by Councilmember Wissel and the motion was carried on a voice
vote.
Osburn opened the only bid received for that vehicle,stating that it was made by Studebaker-Buick-GMC.He said the
bid,price was$25,743.12 for a 2003 GMC Envo.In answer to a question by Councilmember Welch,Osburn said that
requests for bids were sent to four local dealerships directly and it was advertised twice in the Palladium-Item.
Councilmember Wissel moved to refer the bids to Osbum for tabulation,evaluation and recommendation,second by
Councilmember Welch and the motion was carried on a voice vote.
On a motion by Councilmember Welch,second by Councilmember Sharp,the Board authorized Osburn to purchase
SO 2 allowances not to exceed$450,000 and the motion was carried on a voice vote.
Due to the absence of the City Attorney,Chairperson Parker suggested that action on the INDOT proposal for a
temporary right of way at RP&L's Chester Substation be tabled.Councilmember Wissel so moved,second by
Councilmember Combs and the motion was carried on a voice vote.
Osburn informed the Board that because of the lower rates RP&L is getting from IMPA,residential customers have
paid about 5 percent less than they were paying at the end of the year 2001 and,effective in July,customers will see
additional savings.He said he thinks it is good to remind everybody that when the local utility realizes savings it is
passed on to the customers.
Councilmember Sharp asked about the electric car that is being worked on at Richmond High School and Osbum said
that work was slowed down because of trying to find a much needed part but is expected to be completed in July.He
said the students have been invited by the Governor's office(the First Lady's office)to participate in the 2016 program
for schools and as part of that they are going to have their car on display at the Indiana State Fair.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:25 p.m.
Larry Parker,Chairperson
ATTEST:
Myra Miller,Deputy Clerk