HomeMy Public PortalAbout12-17-2001 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,DECEMBER 17,2001
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,December 3,2001 in the Council Chambers
in the Municipal Building in said City.Chairperson Phil Dickman presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Etta J.Lundy,Bruce Wissel,Karl Sharp,Bing Welch,Larry Parker,Paul Combs
and Sarah"Sally"Hutton. The following business was conducted:
ROLL CALL
Nine present.
APPROVAL OF MINUTES
The minutes of the meetings of December 3,2001 were approved on a motion by Councilmember Hutton and a second
by Councilmember Sharp 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 Combs and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $ 270,513.70
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 $ 270,513.70
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 $ 195,878.98
Miscellaneous Prepaid Inv.Telecom: 18,348.82
Total Prepaid Invoices: 484,741.50
Total EFT/Direct Deposit of Payroll: (91,421.37)
Total Prepaid Invoices: 393,320.13
Total EFT Transfers: 560,758.13
Total Prepaids plus EFT Transfers: 954,078.26
Total Bills Not Paid: 460,482.02
Grand Total of Bills to be approved: $ 1,414,560.28
RP&L Minutes Cont'd
December 17,2001
Page 2
REMARKS BY CHAIRPERSON
Chairperson Dickman thanked the Board members for their cooperation during his year as Chairperson.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osburn requested that the Board authorize him to purchase 2,500 SO 2 allowances not to
exceed$500,000.After a brief discussion,Councilmember Welch moved to approve the request,second by
Councilmember Wissel and the motion was carried on a voice vote.
Osbum also requested approval to purchase a new Utility Management System from R&R Sy-Tec and hire them to do
a field inventory.He said this will be an accounting of every single pole in the system,its condition and its location.He
said the cost will be$150,000 and that is in the budget.He said RP&L has 19,323 poles.Councilmember Elstro
moved to approve the request,second by Councilmember Hutton and the motion was carried on a voice vote.
Another request for authorization to approve was made by Osburn who asked to purchase an upgrade to RP&L's
system from High Tech Enterprises as previously approved in the budget.Councilmember Welch moved to approve,
second by Councilmember Parker and the motion was carried on a voice vote.
In his General Report,Osbum said the Greenville Transmission Line is done and in service.He also stated that the
Highland Transmission Line has a short section to rebuild but doesn't expect that to be done before March.He also
announced that at the January 28 meeting Lou Prentice would be present to make a presentation to the Board about the
coal usage at RP&L.He also stated that for the third consecutive year the local utility had been recognized by Tree
Line USA.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:30 p.m.
Phil Dickman,Chairperson
ATTEST:
Norma Schroeder,Clerk