HomeMy Public PortalAbout02-07-2000 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 7,2000
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 7,2000 in the Council Chambers in
the Municipal Building in said City.Chairperson Bing Welch presided with the following Councilmembers in
attendance:Howard`Jack"Elstro,Etta J.Lundy,Bruce Wissel,Karl Sharp,Larry Parker,Phil Dickman and Sarah
"Sally"Hutton.Paul Combs was absent because of illness.The following business was conducted:
ROLL CALL
Eight present.President Welch announced that Councilmember Combs has been in the hospital,adding that Council
wished him well and hoped for a speedy recovery..
APPROVAL OF MINUTES
The minutes of the January 18,2000 meeting were approved on a motion by Councilmember Hutton,second by
Councilmember Parker and the motion was carried on a unanimous 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 Dickman and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions $242,606.02
Investments Purchased From:
Cash Operating Fund 1,000,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund 237,419.67
Cash Reserve Fund
Group Insurance Fund
Total Investments $1,328,419.67
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 $202,724.44
Total Prepaid Invoices 1,773,750.13
Total EFT/Direct Deposit of Payroll: (73,678.95)
Total Prepaid Invoices: 1,700,071.18
Total EFT Transfers: 1,600,990.52
Total Prepaids plus EFT Transfers: 3,301,061.70
Total Bills Not Paid: 762,369.22
Grand Total of Bills to be approved: $4,063,430.92
RP&L Minutes Cont'd
February 7,2000
Page 2
REMARKS BY CHAIRPERSON
Chairperson Welch informed Councilmembers that since the regular Board meeting falls on President's Day,which is a
holiday,the Board will meet the next day,Tuesday,February 22,2000,at the regular time of 7 p.m.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.
REPORT BY GENERAL MANAGER
General Manager David Osburn reported that last week was the annual Legislative Rally trip to Washington,D.C.
along with IMPA,IMEA and APPA which he attended,along with Councilmember Karl Sharp and Mayor Dennis
Andrews.He said they met with the staffs of Senators Richard Lugar and Evan Bayh as well as the staff of
Congressman David McIntosh,noting that there was a contingent of about 40 people from Indiana.
He said they had about the same issues as last year such as market power and restructuring legislation that comes up as
well as transmission access,which is bound to be a big issue in any legislation in the future.He said the local utility
expressed its support to Senator Bayh and Congressman McIntosh for the Bond Fairness Act,and worked some more
with Senator Lugar's staff trying to get more support for that.
Councilmember Sharp said he was impressed with the number attending from Indiana but was a little disappointed that
they could only meet with the staffs,but realized that since Congress was in session the office holders were very busy.
Osburn commented that tomorrow night there will be a state rally at the Hotel Westin with a reception hosted by IMPA
and IMEA to try to get as many state legislators together to talk about state issues.He said he knew some of the Board
members would be attending that event and expressed his appreciation to them for their time.
He told Board members to mark on their schedules the last Monday of this month for a meeting at the RP&L office.
He said he would like to use this meeting to give them a recap of 1999.President Welch said that would be February
28,and asked Board members to go ahead and mark that date on their calendars.
Osbum said repairs being done on Unit 2 are on schedule and he anticipates having it back on in the last week in
February.
President Welch asked if RP&L still owned the lot between the north and south lot east of the Leland Hotel.Osbum
said he believed RP&L traded that lot for the one over by GTE where they put in a small substation.He reminded
Board members that final plans need to be made for the APPA annual meeting in June,adding that there are six who
have expressed an interest in going and the Board needs to decide how they want to handle that.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
Bing Welch,Chairperson
ATTEST:
Norma Schroeder,Clerk