HomeMy Public PortalAbout04-06-1998 R-77
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,APRIL 6,1998
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,April 6, 1998,in the Council Chambers in the
Municipal Biilding 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
The minutes of the meeting of March 16, 1998,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 222,733.80
Investments Purchased From:
Cash Operating Fund 2,000,000.00
Bond Singing Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 171,385.00
Group Insurance Fund
Total Investments 2,262,385.00
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 187,221.55
Total Prepaid Invoices 2,672,340.35
Less EFT/Direct Deposit of Payroll (54,646.81)
Total Prepaid Invoices 2.617.693.54
Total EFT Transfers: 1,217,381.54
Total Prepaids plus EFT Transfers: 3,835,075.08
Total Bills Not Paid 910.181.36
Grand Total 4,745,256.44
RP&L Minutes Cont'd
April 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said if Councilmembers read the Board of Works minutes in their packets they learned that
streetlights have been approved for three different locations in the City. (Those are Woodgate,Backmeyer Trace and
Oak Park.)
REPORT BY GENERAL MANAGER
General Manager David Osburn asked the Board to authorize him to begin the search for an Energy Services Director.
In answer to Councilmember Welch's question as to what type of position this will be,Osburn said it will be one which
will concentrate on marketing,sales and customer service.He added that the person will work with the industrial
commercial accounts and will work closely with Economic Development.He said the person will focus heavily on the
large industrial customer.
In answer to a question by Councilmember Dickman about filling that position with someone with an engineering
background.Osbum said the person could have that,but he is not specifically looking for an engineer.When asked
about the salary range,Osburn said he had done some research and sees that salary range between$35,000 and
$60,000.He said IPL has a similar position with a salary of between$40,000 and$50,000.He said he feels a$60,000
cap is reasonable.He also mentioned that the person in a similar position in Crawfordsville is paid$52,000.
Councilmember Dickman moved to authorize the general manager to begin the search for the Energy Services Director,
second by Councilmember Welch and the motion was carried on a unanimous voice vote.
In his general report,Osbum said he had met with Congressman Tim Roemer in South Bend trying to get support for
the Nox program.He said the Nox has completed their business and now plan to meet with investors to raise the money
within the next two months.He distributed copies of the latest Richmond Community data sheet,commenting that it is
handy for giving new businesses to use as a resource.
Osbum said he had attended the annual meeting of the Indiana Municipal Power Association and was named to the
Executive Committee of the Board of Directors.
In answer to a question by Councilmember Welch,Osburn said Unit No. 1 is scheduled to come off line April 20.
Councilmember Parker asked about the greenhouse effect,stating if RP&L doesn't have the ability for hydro,wood or
solar,what is it going to do.Osbum said the utility might have to reduce emissions back to the 1990 level and maybe
put natural gas in the burners.He added there are other methods to offset emissions,stating that they may just be able
to buy allowances.He said the Department of Energy wants control but they are still fighting over which agency will
be monitoring this.
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