HomeMy Public PortalAbout07-07-1997 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 7.1997
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,July 7, 1997, in the Council Chambers in
3 the Municipal Building in said City. Chairperson Bing Welch presided with the following Councilmembers in
4 attendance_ Howard "Jack" Elstro, Etta Lundy, Bruce Wiese!, Sarah "Sally" Hutton, Geneva "Gene" Allen, Alan
5 Stamper, Bob Dickman and Larry Parker. The following business was had to-wit:
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7 APPROVAL OF MINUTES
8
9 The minutes of the meeting of June 23, 1997 were approved on a motion by Councilmember Hutton,second by
10 Councilmember Parker and the motion was carried on a unanimous voice vote.
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12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
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14 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills for
15 payment,seconded by Councilmember Lundy and by unanimous voice vote the motion carried.
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17 Bills Already Paid 223,891.09
18 Payroll and Deductions
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20 Investments Purchased From:
21 Cash Operating Fund 500,000.00
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 4,718,488.50
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 Cash Reserve Fund 2,016,295.20
28 Group Insurance Fund
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30 Total Investments 7,234,783.70
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32 Transfer from Cash Operating Fund to.,
33 Cash Reserve Fund for payment
34 to City in lieu of taxes
35
36 Transfer from Cash Operating Fund to;
37 Depreciation Reserve Fund
38 for Property&Plant
39
40 Transfers from Depreciation Reserve to:
41 Cash Operating Fund
42
43 Transfers from Consumer Deposit to:
44 Cash Operating Fund
45
46 Transfers from Utility Bond Reserve Fund to:
47 Bond Sinking 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 56
Insurance Reserve Fund
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 Miscellaneous Prepaid Invoices 207,454.95
63 Total Prepaid Invoices 7,666,129.74
64 Less EFT/Direct Deposit of Payroll (48,885.97)
65 Total Prepaid Invoices 7,617,243.77
Total Bills Not Paid 553,344.51
Grand Total 8,170,588.28
3(10
RP&L Minutes Cont'd
July 7, 1997
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Welch reminded Board members of the executive session at 7 p.m. Wednesday, July 9, at the
4 service building at RP & L for the purpose of conducting preliminary interviews for the postion of General
5 Manager.
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7 UNFINISHED BUSINESS
8
9 There was none.
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11 STREET LIGHT COMMITTEE REPORT
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13 There was none.
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15 MISCELLANEOUS BUSINESS
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17 There was none.
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19 REPORT BY GENERAL MANAGER
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21 General Manager Irving Huffman said the three bids received for the storage building had been reviewed and the
22 lowest was$159,822 which was made by Russell&Geier Contracting Inc. but was over what was budgeted for
23 the entire project. However, he said,they had recalculated because the labor is higher than they had expected
24 and some changes were made after the budget was formulated,such as the addition of vents,fans and two small
25 doors on the side of the building.Therefore, he said, he recommends the bid from Russell &Geier be accepted.
26 Councilmember Dickman so moved,second by Councilmember Wissel and the motion was carried on a
27 unanimous voice vote.
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29 Huffman said the generating station is back on line in full force and the unit is operating above expectations of the
30 results out of Unit No. 2. He said Unit No. 1 is down a bit and needs work on the tubes. Chairperson Welch asked
31 about the test run for IMPA and Huffman said it is generating at capacity.
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33 Councilmember Wissel said he had sat in on a discussion about the G.I.S. system at a meeting of the Economic
34 Development Corporation and had heard that RP& L is not going to participate by providing information. Huffman
35 responded that RP&L will participate but the information will be in its own format.
36
37 ADJOURNMENT
38
39 There being no further business,on a motion duly made,seconded and passed the meeting was
40 adjourned.
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47 Bing Welch, Chairperson
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52 ATTEST:
53 Norma Schroeder, Clerk
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