HomeMy Public PortalAbout03-02-1998 57-3
PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND.INDIANA.SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER&UGHT PLANT
MONDAY.MARCH 2.1998
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of the
2 Richmond Power& Light Plant met in regular session at 7 p.m. Monday, March 2, 1998, in the Council Chambers
3 in the Municipal Building in said City. Chairperson Larry Parker presided with the following Councilmembers in
4 attendance: Howard "Jack" Elstro, Etta Lundy Bob Dickman, Sarah "Sally" Hutton, Geneva "Gene" Allen, Bing
5 Welch and Bruce Wissel. The following business was had to-wit:
6
7 SWEARING IN CEREMONY
8
9 Dennis R.Rice Sr.was sworn in as Councilmember District 4 by City Clerk Norma Schroeder.He replaces Alan
10 Stamper who resigned February 2, 1998.
11
12 Chairperson Parker recognized Councilmember Hutton's 50th birthday.
13
14 APPROVAL OF MINUTES
15
16 The minutes of the meeting of February 16, 1998, were not approved because some Councilmembers did not
17 receive them in their packets.
18
19 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
20
21 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills
22 for payment,seconded by Councilmember Allen and by unanimous voice vote the motion carried.
23
24 Bills Already Paid
25 Payroll and Deductions 223,491.50
26
27 28
Investments Purchased From:
Cash Operating Fund 600,000.00
29 Bond Sinking Fund
30 Utility Bond Reserve Fund
31 Depreciation Reserve Fund 91,000.00
32 Insurance Reserve Fund
33 Consumer Deposit Fund
34 Cash Reserve Fund 171,385.00
35 Group Insurance Fund
36 Total Investments 862,385.00
37
38 Transfer from Cash Operating Fund to:
39 Cash Reserve Fund for payment
40 to City in lieu of taxes
41
42 Transfer from Cash Operating Fund to:
43 Depreciation Reserve Fund
44 for Property&Plant
45
46 Transfers from Depreciation Reserve to:
47 Cash Operating Fund
48
49 Transfers from Cash Operating to:
50 Interest and Bond Principal
51 Bond Sinking Fund
52 Cash Reserve Fund
53 Utility Bond Sinking Fund
54 Depreciation Reserve Fund
55 Insurance Reserve Fund
56 Consumer Deposit Fund
57 Interest and Bond Principal
58 End of Month Petty Cash
59 Revenue Bonds
60 Interest Coupons Redeemed
61 Bond Coupons
62
63 Idscellaneous Prepaid Invoices 198,896.93
64 Total Prepaid Invoices 1,284,773.43
65 Less EFT/Direct Deposit of Payroll (49,726.15)
Total Prepaid Invoices: 1,235,047.28
Total EFT Transfers 1,249,011.33
Total Prepaids plus EFT Transfers 2,484,058.61
Total Bills Not Paid 672.120.74
Grand Total 3,156,179.35
r
Li
RP&L Minutes Cont'd
March 2, 1998
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Parker announced there will be a benefit dance for Tony Wade from 8 p.m. to 1 a.m. Saturday,
4 March 7 at the Elks Country Club. He explained that Wade is an RP& L employee who was injured in an accident
5 with a bucket truck. He said tickets are $10 per person and all proceeds will go to the Wade Benefit Fund. Those
6 unable to attend but who wish to donate to the fund, Chairperson Parker said, could give their donations to
7 Councilmember Elstro.
8
9 UNFINISHED BUSINESS
10
11 There was none.
12
13 STREET LIGHT COMMITTEE REPORT
14
15 Councilmember Elstro said four different projects were delivered to RP & L and it would take six to seven weeks
16 to get all those street lights placed.
17
18 MISCELLANEOUS BUSINESS
19
20 There was none.
21
22 REPORT BY GENERAL MANAGER
23
24 Sitting in for General Manager David Osburn was Tracey Garrett of the RP &L finance department,who asked for
25 authorization to proceed with Unit No. 1 Major Turbine/Generator Inspection as approved in the 1998 expense
26 budget.
27
28 Councilmember Welch asked if Dale Norris,plant superintendent, could provide an insight of all this inspection in
29 detail. Norris said this entails taking the turbine completely apart,which means disassembling the bearings as well
30 as all the pumps to make sure everything is running the way it should. In answer to a question by Councilmember
31 Welch, Norris said this should be done in the April time frame.Norris said General Electric is doing the work
32 because in 1991 RP&L had a problem with that unit and GE repaired it and going back into it this year they
33 thought it best to have them take it apart to give a better chance•of holding them responsible for it rather than
34 bringing someone new in. He said GE gave them a firm bid of$445,000.
35
36 Councilmember Welch moved to authorize the plant superintendent to proceed with the major inspection of Unit
37 No. 1,second by Councilmember Hutton and the motion was carried on a unanimous voice vote.
38
39 Garrett also asked the Board to authorize the replacement of the Johnson Street substation roof as approved in
40 the 1998 capital budget.Jim Daugherty, human resources director,said of the three quotes,the$35,000 from
41 Triple A Roofing Co.was the lowest and after reviewing all of them it was decided to go with that company since it
42 is well qualified to do the job. He said some of the removal work requires removal of asbestos material and it is
43 being compressed into many layers of roofing.
44
45 In answer to a question by Councilmember Dickman as to whether or not anyone locally was interested in this
46 project, Daugherty said usually no one locally can handle that kind of flat roof. He added that RP&L has a
47 contract with Tremco Roofing on all of its buildings and they do an analysis,the engineering drawings and provide
48 a list of contractors who are qualified and certified to put that roof in. He added that it is a very precise operation.
49 Daugherty said this quote is quite a bit under budget because the company is doing a huge project for Hill's Pet
50 Foods and RP&L was able to benefit from that time frame for the project.
51
52 Councilmember Welch moved to authorize the roof replacement,second by Councilmember Rice and the motion
53 was carried on a unanimous voice vote.
54
55 ADJOURNMENT
56
57 There being no further business,on a motion duly made,seconded and passed the meeting was
58 adjourned.
59
60
61
62
63
64 ` Larry Parker, Chairperson
65
ATTEST:
Norma Schroeder, Clerk