HomeMy Public PortalAbout04-21-1997 02/
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 21,1997
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, April 21, 1997, in the Council Chambers
3 in the Municipal Building in said City. Chairperson Bing Welch presided with the following Councilmernbers in
4 attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Geneva "Gene" Allen, Alan
5 Stamper, Bob Dickman and Larry Parker. The following business was had to-wit:
6
7 APPROVAL OF MINUTES
8
9 The minutes of the meeting of April 7, 1997 were approved on a motion by Councilmember Hutton,second by
10 Councilmember Allen and the motion was carried on a unanimous voice vote.
11
12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
13
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.
16
17 Bills Already Paid 228,679.85
18 Payroll and Deductions
19
20 Investments Purchased From:
21 Cash Operating Fund 1,472,780.22
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 28
Cash Reserve Fund
Group Insurance Fund
29
30 Total Investments 1,472,780.22
31
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33 Transfer from Cash Operating Fund to:
34 Cash Reserve Fund for payment
35 to City in lieu of taxes
36
37 Transfer from Cash Operating Fund to:
38 Depreciation Reserve Fund
39 for Property &Plant
40
41 Transfers from Depreciation Reserve to:
42 Cash Operating Fund
43
44 Transfers from Consumer Deposit to:
45 Cash Operating Fund
46
47 Transfers from Utility Bond Reserve Fund to:
48 Bond Sinking Fund
49
50 Transfers from Cash Operating to :
51 Interest and Bond Principal
52 Bond Sinking Fund
53 Cash Reserve Fund
54 USlity Bond Sinking Fund
55 Depreciation Reserve Fund
56 Insurance Reserve Fund
57 Consumer Deposit Fund
58 Interest and Bond Principal
59 End of Month Petty Cash
60 Revenue Bonds
61 Interest Coupons Redeemed
62 Bond Coupons
63 Miscellaneous Prepaid Invoices 134,798.20
64 Total Prepaid Invoices 1,836,258.27
65 Less EFT/Direct Deposit of Payroll (48,077.71)
Total Prepaid Invoices 1,788,180.56
Total Bills Not Paid 478,085.24
Grand Total 2,266,265.80
RP&L Minutes Cont'd
April 21, 1997
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Welch congratulated General Manager Irving Huffman for receiving recent awards from A.P.P.A. for
4 his general membership and input into the public power association for a good number of years and from I.M.P.A.
5 for the Sagamore of the Wabash award presented by the Governor through that association for his meritorious
6 service and his input into the electrical utility business in the state of Indiana. Huffman responded, saying he
7 appreciated the awards.
8
9 Chairperson Welch also commented on the closing of Swayne-Robinson, noting the City is losing a business with
10 a long-time history.
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12 UNFINISHED BUSINESS
13
14 There was none.
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16 STREET LIGHT COMMITTEE REPORT
17
18 There was none.
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20 MISCELLANEOUS BUSINESS
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22 There was none.
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24 REPORT BY GENERAL MANAGER
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26 Huffman announced the bids for the rebuild of No. 21 cell No. 2 cooling tower received at the last meeting had
27 been reviewed and recommended the bid be awarded to Custodis-Ecodyne of Itasca, Ill. for $72,920 which was
28 the lowest bid received. He said the other bids were from GEA Thermal-Dynamic Towers, Inc. for $79,987 and
29 Psychrometric Systems Inc. for $203,982 but the latter did not follow bidding instructions. Councilmember
30 Dickman moved to award the bid as recommended, second by Councilmember Parker and the motion was
31 carried on a unanimous voice vote.
32
33 ADJOURNMENT
34
35 There being no further business, on a motion duly made,seconded and passed the meeting was
36 adjourned.
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42 Bing Welch, Chairperson
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47 ATTEST:
48 Myra Miller, Deputy Clerk
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