HomeMy Public PortalAbout02-03-1997 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, FEBRUARY 3,1997
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, February 3, 1997, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Bing Welch presided with the following
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Geneva
5 "Gene"Allen,Alan Stamper, Bob Dickman and Larry Parker. The following business was had to-wit:
6
7 APPROVAL OF MINUTES
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9 The minutes of the meeting of January 21, 1997 were approved on a motion by Councilmember Wissel, second
10 by 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
18 Payroll and Deductions 231,938.74
19
20 Investments Purchased Front:
21 Cash Operating Fund 800,000.00
22 Bond Sinking Fund
23 Ullity Bond Reserve Fund
24 Depreciation Reserve Fund
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 Cash Reserve Fund
28 Group Insurance Fund
29
30 Total Investments 800,000.00
31
32 Payment to City in lieu of taxes:
33
34
35 Transfer from Cash Operating Fund to:
36 Depreciation Reserve Fund
37 for Property&Plant
38
39 Transfers from Depreciation Reserve to:
40 Cash Operating Fund
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42 Transfers from Consumer Deposit to:
43 Cash Operating Fund
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45 Transfers from Utility Bond Reserve Fund to:
46 Bond Sinking Fund
47
48 Transfers from Cash Operating to
49 Interest and Bond Principal
50 Bond Sinking Fund
51 Cash Reserve Fund
52 UJIity Bond Sinking Fund
53 Depreciation Reserve Fund
54 Insurance Reserve Fund
55 56
Consumer Deposit Fund
Interest and Bond Principal
57 End of Month Petty Cash
58 Revenue Bonds
59 Interest Coupons Redeemed
60 Bond Coupons
61 Miscellaneous Prepaid Invoices 360,386.85
62 Total Prepaid Invoices 1,392,325.59
63 Less EFT/Direct Deposit of Payroll (44,409.57)
64 Total Prepaid Invoices 1,347,916.02
65 Total Bills Not Paid 599,199.31
Grand Total 1,947,115.33
RP&L Minutes Cont'd
February 3, 1997
Page 2
1 REMARKS BY CHAIRPERSON
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3 Chairperson Welch had no remarks.
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5 UNFINISHED BUSINESS
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7 There was none.
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9 STREET LIGHT COMMITTEE REPORT
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11 Councilmember Elstro simply stated that until more money is made available there will be no activity concerning
12 the street lights.
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14 MISCELLANEOUS BUSINESS
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16 There was none.
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18 REPORT BY GENERAL MANAGER
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20 General manager Irving Huffman, along with John Ulrich,the assistant general manager,was attending an
21 E.P.R.A. meeting.
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23 Standing in for Huffman was Herschel Philpot,financial manager, who noted that four bids had been submitted for
24 the installation of the air conditioner chiller and after evaluation and tabulation, it was recommended the bid be
25 awarded to Meyers Mechanical, 620 North 23rd Street, as the lowest/best bidder for$29,956. Councilmember
26 Dickman moved to accept the recommendation, second by Councilmember Hutton and the motion was carried on
27 a unanimous voice vote.
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29 Philpot asked the Board for authorization to sign a contract for the installation of the standby generator. He said
30 Cummins Electric was the lowest of three bids with a bid of$39,500.The other bidders were Dietz Electric Inc.
31 and Stader Electric of Daleville. Councilmember Stamper moved to authorize the signing of the contract with
32 Cummins,second by Councilmember Parker and the motion was carried on a unanimous voice vote.
33
34 Philpot also asked the Board for authorization to receive bids for one 1997 half-ton extended cab pick-up truck to
35 replace Unit No.38 which is a 1984 GMC half-ton truck with 75,201 miles.Councilmember Stamper asked for a
36 list of who signs off on each responsibility center and Philpot said he could provide that.Councilmember Parker
37 moved to approve the receipt of the bid, second by Councilmember Allen and the motion was carried on a
38 unanimous voice vote. Philpot also asked for authorization to receive bids for a 1997 half-ton pick up truck to
39 replace Unit No.37 which is a 1983 Ford half-ton truck with 122,995 miles. Councilmember Allen so moved,
40 second by Councilmember Wissel and the motion was carried on a unanimous voice vote.
41
42 Tom Dickey,one of the attorneys in a firm representing RP& L in its pending rate restructuring case before the
43 I.U.R.C., explained Resolution No. 1 - 1997 which comes to the Board. He said the main purpose of the resolution
44 is to approve the stipulation and agreement entered into between RP& L,the office of the Utility Consumer
45 Council which is the state agency representing the ratepayers and a third party which is a group of intervening
46 industrial customers of RP&L.
47
48 Dickey said all of the parties had agreed to the rate restructuring that is set out in the settlement agreement that
49 will be attached to Resolution No. 1 -1997, noting that a draft of that document was presented at the last Board
50 meeting where a few minor word changes were requested but none which changed the substance of the
51 agreement.
52
53 Dickey said another reason for this resolution is that in July 1996 this Board passed Resolution No.3- 1996
54 which authorized RP& L to file testimony and exhibits in this case at a certain level of rates and based on
55 negotiations those rates have changed and now what is being done with Resolution No. 1 - 1997 is recognizing
56 that the Board adopted the last resolution recognizing that negotiations have taken place and that all parties have
57 agreed to the new rates.They,then would be approving the settlement agreement and recommending that the
58 Council approve the ordinance adopting the rate set out in the settlement agreement. Councilmember Parker
59 moved for adoption,second by Councilmember Wissel and the motion was carried on a unanimous voice vote.
60
61 Philpot expressed his appreciation for the support of the Board in helping get this done. In answer to a question
62 by Chairperson Welch, Dickey said the agreement will be passed on to the I.U.R.C. and the filing will be tomorrow
63 afternoon.Then, he added,the Commission will have a public hearing February 12, and he would anticipate the
64 Commission issuing a final order approving a settlement agreement in late Feburary.
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RP&L Minutes Cont'd
February 3, 1997
Page 3
1 NEW BUSNESS
2
3 Councilmember Dickman asked Philpot for a breakdown in dollar amounts per item of the information they
4 received from Ramsey and Philpot said he would look into that. Councilmember Stamper assured Philpot if the
5 information requested is confidential,they, as Board members,will honor that.
6
7 ADJOURNMENT
8
9 There being no further business,on a motion duly made,seconded and passed the meeting was
10 adjourned.
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14 Bing Welch, Chairperson
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17 ATTEST:
18 Norma Schroeder, Clerk
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