HomeMy Public PortalAbout01-08-2001 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,JANUARY 8,2001
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.Tuesday,January 4,2000 in the Council Chambers in
the Municipal Building in said City.Newly elected Chairperson Phil Dickman presided with the following
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Councilmembers in attendance:Howard"Jack"Elstro,Bruce Wissel,Karl Sharp,Bing Welch,Sarah"Sally"Hutton,
Paul Combs and Larry Parker.Etta Lundy was absent.The following business was conducted:
ROLL CALL
Nine present. -
APPROVAL OF MINUTES
The minutes of the meetings of December 18,2000 were unavailable.
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 Wissel and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions $253,935.70
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 181,875.00
Group Insurance Fund
Total Investments $ 272,875.00
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
Bond Coupons
Miscellaneous Prepaid Invoices $ 206,330.75
Total Prepaid Invoices 733,141.54
Total EFT/Direct Deposit of Payroll: (76,870.81)
Total Prepaid Invoices: 656,270.73
Total EFT Transfers: 450,237.24 '
Total Prepaids plus EFT Transfers: 1,106,507.97
Total Bills Not Paid: 619.681.94
Grand Total of Bills to be approved: $1,726,189.91 '
RP&L Minutes Cont'd
January 8,2001
Page 2
REMARKS BY CHAIRPERSON
Chairperson Dickman stated that the committees would remain the same for 2001.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said there was no report.
REPORT BY GENERAL MANAGER
General Manager David Osburn said the bids for the pumping re-circulation system for the Zero Discharge Project had
been reviewed and recommended that Tramco of Indianapolis be awarded the bid for$213,564.He explained that the
amount budgeted had been$190,000 but gave several reasons for recommending the bid.Councilmember Welch
moved to approve,second by Councilmember Wissel and the motion was carried on a voice vote.
Osbum requested authorization from the Board to repair the Boiler Feed Pump Element as pre-approved in the 2001
Expense Budget.He said it was a maintenance item at the Whitewater Generating Station at a cost of$27,900.
Councilmember Wissel moved to approve,second by Councilmember Sharp and the motion was carried on a voice
vote.
Osburn informed the Board about the transmission line rebuild,giving the background as it was included in the Capital
Budget.He said the Greenville Line at the North West 11th Street Substation is two miles in length and would handle
the additional load in the Northwest area at a cost of$700,000 and the Highland Transmission Line would run about
$450,000.
In his General Report,Osbum said that the prolonged cold weather had created a coal shortage,however,it had not
affected RP&L.
He also mentioned the high gas prices,noting that there had been no increase in the electric because the bulk of the
generation of electricity is by coal.He added that the cost of electricity had gone up about 3 percent over last year but
that is the normal course.
He mentioned at on December 18,2000,RP&L had set a new peak at 9 a.m.of 156 megawatts,up one megawatt from
the prior peak of 155.
Osburn also gave an update on the maintenance at the Williamsburg Substation at North West 5th Street which feeds
mostly industrial,noting about$70,000 in repairs.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
Phil Dickman,Chairperson
ATTEST:
Norma Schroeder,Clerk