HomeMy Public PortalAbout07-20-1998 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,JULY 20,1998
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,July 20, 1998,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 Lundy,Bob Dickman,Sarah"Sally"Hutton,Geneva"Gene"Allen,Dennis R.Rice Sr.,
Bing Welch and Bruce Wissel.The following business was conducted:
APPROVAL OF MINUTES
There were-no minutes to approve.
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 Rice and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions 241,805.52
Investments Purchased From:
Cash Operating Fund
Bond Singing Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 2,469,527.84
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total Investments 2,469,527.84
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 419,391.45
Total Prepaid Invoices 3,130,724.81
Less EFT/Direct Deposit of Payroll (54,872.06)
Total Prepaid Invoices 3,075,852.75
Total EFT Transfers: 1,256,837.93
Total Prepaids plus EFT Transfers: 4,332,690.68
Total Bills Not Paid: 1,871,783.88
Grand Total of Bills to be Approved: 6,204,474.56
/602-
RP&L Minutes Cont'd
July 20, 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker said the committee on additional properties owned by RP&L reviewed the properties in its first
meeting and after a second meeting will make recommendations to the Board.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osbum asked the Board to authorize him to purchase the three Carrier air handling units.
Councilmember Welch asked him to give a brief summary of HAU-what the system is and what it entails. Osburn
said the heating and air conditioning system was replaced,new controls added as well as new chillers.He said that will
completely upgrade the heating,ventilation and air conditioner system for the service building.Councilmember Hutton
moved to authorize the purchase,second by Councilmember Welch and the motion was carried on a unanimous voice
vote.
Osbum asked for approval to receive bids for the construction of containment structures for certain substations.He said
this is in line with the SPCC spill,prevention controls and counter measures plan.He added that this is primarily
containment structures that would contain any spilled oil in the event of a leak and prevent it from getting into
waterways.He said they would try to do the substations this year and do the overall project in a three-year period.
Councilmember Welch moved to authorize Osburn to receive bids on the containment structures for the substations,
second by Councilmember Rice and the motion was carried on a unanimous voice vote.
Chairperson Parker stated that the information about the two items above had been mailed to the Board ahead of time,
giving members an opportunity to study them before they were presented this evening.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
Larry Parker,Chairperson
ATTEST:
Myra Miller,Deputy Clerk