HomeMy Public PortalAbout01-07-2002 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,JANUARY 7,2002
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,January 7,2002 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,Phil Dickman and Sarah
"Sally"Hutton. Paul Combs was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
The minutes of the December 17,2001 meeting were not available.
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 $ 266,812.33
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 16,997,126.01
Insurance Reserve Fund 294,361.38
Consumer Deposit Fund
Cash Reserve Fund 356,618.00
Group Insurance Fund
Total $ 17,648,105.39
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 $ 215,735.59
Miscellaneous Prepaid Inv.Telecom: 21,483.60
Total Prepaid Invoices: 18,152,136.91
Total EFT/Direct Deposit of Payroll: (88,204.751
Total Prepaid Invoices: 18,063,932.16
Total EFT Transfers: 1,877,647.62
Total Prepaids plus EFT Transfers: 19,941,579.78
Total Bills Not Paid: 1,296,205.83
Grand Total of Bills to be approved: $21,237,785.61
RP&L Minutes Cont'd
January 7,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker announced that he would be making committee assignments at a later meeting.
•
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osburn expressed his appreciation to Chairperson Dickman for his service during the past
year.
He said that on December 26,2001 Unit No. 1 experienced a tube failure and was off line until it was repaired January
1,2002.He also talked about the utility's Title 5 permit,explaining that this is the operating permit for the power
plant's air emissions.
Osburn also commented on the trip to Danville,IN taken Saturday,January 5,2002 to review their landfill generation
project at their waste management landfill.He expressed his appreciation to the Board members who accompanied him
and Bob Crye on that trip.Councilmember Dickman commented that it was not a noisy operation as many had thought
it would be;Councilmember Welch talked about the benefits of looking at that plant and learning from that facility if
RP&L decides to go forward in that direction;Councilmember Sharp also commented on the lack of excessive noise;
and Councilmember Wissel talked about the efficiency numbers on the board showing that it was running about 97 to
98 percent.Councilmember Elstro commented that if what he is hearing the Councilmembers say about the noise level
is true,then where RP&L is putting it in the landfill it won't bother anybody,adding that someone commented that
there will be more noise coming from traffic on I-70 than the proposed landfill generation project.
Osburn said he appreciated the positive comments from the Councilmembers serving as the RP&L Board members.
He said he believes it is a good project,noting that it does generate electricity but it also serves as a very valuable
environmental benefit to the community in the landfill,adding that,in some respects,it is a giant recycling project.He
said he would like to see this project go forward,noting that the next step would be to release the engineering firm to •
do the detail design of the gas collection system out on the landfill and start the preliminary design of the building.He
said the proposal,all along,has been to put in the gas collection system and actually collect some gas and monitor it for
a couple of months to make sure that there is sufficient volume and flow that would support the generation before the
actual investment is made
He said he had asked City Attorney Bob Bever to work up an agreement between RP&L and the Sanitary District for
the operation of the project.
•
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:35 p.m.
Larry Parker,Chairperson
A 1"1`hST:
Norma Schroeder,Clerk