HomeMy Public PortalAbout02-12-2001 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,FEBRUARY 12,2001
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,February 12,2001 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 Lundy,Bruce Wissel,Karl Sharp,Bing Welch,Larry Parker and Paul Combs.
Sarah"Sally"Hutton was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
The minutes of the January 22nd meeting were approved on a motion by Councilmember Welch,second by
Councilmember Parker and carried on a voice vote.
APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS
Upon recommendation of the Finance Committee,Councilmember Combs moved to approve the following bills for
payment,seconded by Councilmember Sharp and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $252,421.47
Investments Purchased From:
Cash Operating Fund 900,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 214,749.38
Group Insurance Fund
Total Investments $1,205,749.38
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 $1,864,384.84
Total Prepaid Invoices 3,322,555.69
Total EFT/Direct Deposit of Payroll: (78,363.62)
Total Prepaid Invoices: 3,244,192.07
Total EFT Transfers: 566,143.29
Total Prepaids plus EFT Transfers: 3,810,335.36
Total Bills Not Paid: 778,902.07
Grand Total of Bills to be approved: $4,589,237.43
RP&L Minutes Cont'd
February 12,2001
Page 2
REMARKS BY CHAIRPERSON
Chairperson Dickman commented on the highlights of the American Public Power Association Legislative Rally in
Washington,D.C.attended by five Board members,General Manager David Osburn and Richmond Mayor Shelley
Miller.He talked about the resolution sponsored by Osburn dealing with the support of clean coal technology research
and development,noting that it was one of only five resolutions allowed to go before the A.P.P.A.
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said there was no report.
REPORT BY GENERAL MANAGER
Osbum presented to the Board the proof of publication for advertising the bids on a 2001 Sport Utility Vehicle for the
Line Department.Councilmember Parker moved to accept and file the proof of publication,second by Councilmember
Welch and the motion was carried on a voice vote.
Osburn opened the following bids:Wellings for a 2001 Toyota Forerunner for$27,500 with trade in of$2,500,which
included sales tax and other figures and ended up with a total amount of$26,850;Victory Chevrolet for a 2001 Blazer
4 by 4 for$24,185,less$2,000 for trade in,leaving a total of$22,185;Fred First for a 2002 Explorer for$23,968,less
$2,000 for trade in for a total of$21,968;and Studebaker Buick for a 2001 GMC Jimmy for$25,399 with no trade in
allowance.Councilmember Welch moved to refer the bids to Osburn for tabulation,evaluation and recommendation,
second by Councilmember Parker and the motion was carried on a voice vote.
Osbum requested the Board's approval of the RP&L Telecommunications Business Plan,noting that he had received
many questions after the discussion of this two weeks ago.Councilmember Wissel moved to approve the plan,second
by Councilmember Welch and the motion was carried on a voice vote.
Resolution No. 1—2000 was read by Osbum,explaining that this authorizes the transfer allocation of funds for the
telecommunications service.Councilmember Welch moved for approval,second by Councilmember Lundy and the
motion was carried on a voice vote.Osburn said he appreciated the Board's support in this matter,adding that this
allows the utility to keep going and moving forward.
Commenting further on the A.P.P.A.trip,Osburn said he felt it was a worthwhile trip,adding that he sensed,because
of the potential energy crisis in California and the west coast,that they received much more receptive ears than they
have in the past.He said the clean coal resolution seemed to be well timed and he felt there was renewed interest in
preserving coal as one of the energy supplies.
Councilmember Parker said he talked with delegates from California who said they thought that they had put in all the
contingencies they needed to have for a safe de-regulation and they are now looking at the cost of electricity for a
residential owner to go from 7 cents to 30 cents.He added that he hoped that the legislators in Indiana take a long,hard
look at what has happened out there and keep it from occurring here.
Osburn said there is another rally coming up on the 20th of this month which is being held by the Indiana Municipal
Electric Association from 5:30 to 7:30 p.m.at the Westin Hotel in Indianapolis.He asked Board members to let him
know if they are interested in attending.He also mentioned that there is a meeting next Monday night at the RP&L
offices to review the utility's strategy for Nox compliance and urged all Board members to try to attend because of the
importance of that issue.
He said he also hopes to have a meeting on March 12 where he will be doing a year's review of 2000,to give a
presentation on how the year went.He said there was a brief discussion recently about the benefits of having RP&L
and they tried to measure the economic impact.One way they did it,he said,was to look at the local utility's rate
compared to what the state average is,and what they are saying is that if the local utility was not here and Cynergy or
A.A.P.were supplying this area and the customers here were paying their rate,how much additional money they would
be spending,and using those averages they came up with$3,100,000 savings a year provided by RP&L.
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.
Phil Dickman,Chairperson
ATTEST:
Norma Schroeder,Clerk