HomeMy Public PortalAbout06-01-1998 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,JUNE 1,1998
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,June 1, 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, Sarah"Sally"Hutton,Geneva"Gene"Allen,Dennis R.Rice Sr.,Bing Welch and Bruce
Wissel.EttaLundy and Bob Dickman were absent.The following business was conducted:
APPROVAL OF MINUTES
The minutes of the May 18, 1998 meeting,were approved on a motion by Councilmember Hutton,second by
Councilmember Rice 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 Allen and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions 218,079.84
Investments Purchased From:
Cash Operating Fund
Bond Singing Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 973,424.02
Insurance Reserve Fund 239,495.71
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total Investments 1,212,919.73
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 125,947.72
Total Prepaid Invoices 1,556,947.29
Less EFT/Direct Deposit of Payroll (49,746.48)
Total Prepaid Invoices 1,507,200.81
Total EFT Transfers: 1,004,597.45
Total Prepaids plus EFT Transfers: 2,511,798.26
Total Bills Not Paid 1,234,543.56
Grand Total 3,746,341.82
lt1
RP&L Minutes Cont'd
June 1, 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker announced that due to the upcoming APPA Conference,the June 15 meeting would be rescheduled
for June 22.
He asked for volunteers to serve on a committee to go over some of the properties that RP&L currently owns.He said
if he had no volunteers he would make some appointments and they would be in place by the June 22 meeting.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said work had begun but there had been some problems with the new mailboxes being put in.
REPORT BY GENERAL MANAGER
General Manager David Osbum requested authorization to purchase 8 line differential relays.There being no questions
by the Board,Councilmember Hutton moved to approve the purchase,second by Councilmember Elstro and the motion
was carried on a unanimous voice vote.
Osburn also requested authorization to pave the back parking and storage lot and the road to the Whitewater Valley
Station.Councilmember Welch asked about the cost.Osburn said the back lot area would be$102,000 and for the road
work it would be$49,872.Councilmember Welch moved to approve the request for authorization,second by
Councilmember Rice and the motion was carried on a unanimous voice vote.
Councilmember Wissel expressed his appreciation to Osbum for the memorandum each of the Councilmembers
received informing them of the two projects,adding that because of those he felt better informed and was better
informed to vote on the requests.
Osbum mentioned a couple of outages which were experienced Sunday night during the storm,noting that a large tree
fell into the Chester substation and some trees were in the power lines in the Glen Hills Subdivision.He said he
appreciated the patience of the customers in those two areas who were without power for a short time.
Welch asked for an update on Unit No. 1 and Osburn responded that it was going well.He said the new mills and the
new fans had been installed,but some of the piping still needs to be put in place.He added that the project completion
date is still June 11.
Councilmember Rice expressed his appreciation for the help he received recently,from a couple of people in the
engineering department at RP&L.
In response to a question by Councilmember Allen,Osbum said informal bids were solicited from local suppliers for
the paving and only one responded.He said they went through the process but did not advertise it,however,they did
require a bid bond.Councilmember Allen said she also appreciated the memorandum sent by Osbum about the two
projects.
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:
Norma Schroeder,Clerk