HomeMy Public PortalAbout02-18-1997 I/
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
TUESDAY. FEBRUARY 18.1997
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. Tuesday, February 18, 1997, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Bing Welch presided with the folowing
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Geneva
5 "Gene"Allen,Alan Stamper and Bob Dickman. Larry Parker was absent. The following business was had to-wit:
6
7 APPROVAL OF MINUTES
8
9 The minutes of the meeting of February 3, 1997 were approved on a motion by Councilmember Allen, second by
10 Councilmember Hutton 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 Allen and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 228,749.20
19
20 Investments Purchased From:
21 Cash Operating Fund
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 91,000.00
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 Cash Reserve Fund 168,025.00
28 GFoup Insurance Fund
29
30 Total Investments 259,025.00
31
32 Transfer from Cash Operating Fund to;
33 Depreciation Reserve Fund for
34 payment to City in lieu of taxes 168,025.00
35
36 Transfer from Cash Operating Fund to:
37 Depreciation Reserve Fund 91,000.00
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
111 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 Band Coupons
62 Miscellaneous Prepaid Invoices 163,740.96
63 Total Prepaid Invoices 910,540.16
64 Less EFT/Direct Deposit of Payroll (43,602.61)
65 Total Prepaid Invoices 866,937.55
Total Bills Not Paid 706,902.42
Grand Total 1,573,839.97
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RP&L Minutes Cont'd
February 18, 1997
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Welch stated that each member had been given the material noting the responsibility center,
4 department and manager that Councilmember Stamper had asked for at the last meeting.
5
6 UNFINISHED BUSINESS
7
8 There was none.
9
10 STREET LIGHT COMMITTEE REPORT
11
12 There was none.
13
14 MISCELLANEOUS BUSINESS
15
16 There was none.
17
18 REPORT BY GENERAL MANAGER
19
20 In the absence of General manager Irving Huffman,who was attending E.P.R.I. and A.B.B. meetings,Jim
21 Daugherty, director of human resources,sat in on the meeting.
22
23 Daugherty said bids had been advertised in the Palladium-Item for two 1997 pick up trucks, one regular and the
24 other with an extended cab, and the proof of publication was accepted by Councilmember Elstro,second by
25 Councilmember Hutton and the motion was carried on a unanimous voice vote.
26
27 Those submitting bids included:Fred First Ford for a net amount of$14,236 for the regular cab after allowing
28 $1,600 for the trade in, and a net amount of$16,481 for the extended cab after a trade in allowance of$1,500;
29 Brookbank Chevrolet Inc.for a net amount of$13,436.03 after allowing $1,500 for the trade in for the regular cab
30 and a net amount of$16,415.96 for the extended cab after a$1,800 trade in allowance; Dan Young Chevrolet in
31 Indianaplis for a net amount of$14,649 after a trade in allowance of$700 for the regular cab, and a net amount of
32 $17,371 for the extended cab after an $800 trade in allowance;and Studebaker GMC for a net amount of$14,334
33 for the regular cab less a trade in allowance of$1,000, and a net amount of$16,512 for the extended cab less the
34 $1,500 trade in allowance. Daugherty asked that the bids be turned over to the general manager for tabulation,
35 evaluation and recommendation. Councilmember Wissel so moved,second by Councilmember Lundy and the
36 motion was carried on a unanimous voice vote.
37
38 NEW BUSINESS
39
40 There was none.
41
42 ADJOURNMENT
43
44 There being no further business,on a motion duly made,seconded and passed the meeting was
45 adjourned.
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50 Bing Welch, Chairperson
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55 ATTEST:
56 Norma Schroeder, Clerk
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