HomeMy Public PortalAbout01-06-1997 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. JANUARY 6.1997
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, January 6, 1997, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Bing Welch presided with the following
4 Councilmernbers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Robert
5 Dickman,Alan Stamper, Larry Parker and Geneva"Gene"Allen. The following business was had to-wit:
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7 APPROVAL OF MINUTES
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9 The minutes of the meeting of December 16, 1996 were approved on a motion by Councilmember Hutton,second
10 by Councilmember Dickman 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 Stamper moved to approve the following bills
15 for payment,seconded by Councilmember Dickman and by unanimous voice vote the motion carried.
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17 Bills Already Paid
18 Payroll and Deductions 458,201.21
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20 Investments Purchased From:
21 Cash Operating Fund 900,000.00
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 Group Insurance Fund
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30 Total Investments 1,159,025.00
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32 Transfer from Cash Operating Fund to:
33 Cash Reserve Fund for Payment 168,025.00
34 to City in lieu of taxes
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36 Transfer from Cash Operating Fund to: 91,000.00
37 Depreciation Reserve Fund
38 for Property&Plant
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40 Transfers from Depreciation Reserve to:
41 Cash Operating Fund
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43 Transfers from Consumer Deposit to:
44 Cash Operating Fund
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46 Transfers from Utility Bond Reserve Fund to:
47 Bond Sinking Fund
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49 Transfers from Cash Operating to :
50 Irlerest 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 Miscellaneous Prepaid Invoices 367,225.00
63 Total Prepaid Invoices 2,243,477.01
64 Less EFT/Direct Deposit of Payroll (91,583.03)
65 Total Prepaid Invoices 2,151,893.98
Total Bills Not Paid 1,051,940.19
Grand Total 3,203,834.17
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RP&L Minutes Cont'd
January 6, 1997
Page 2
1 REMARKS BY CHAIRPERSON
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3 Chairperson Welch asked Clerk Schroeder to read a letter to Irving Huffman from the RP & L Board of Directors.
4 She read: "The letter of June 14, 1995,from Irving Huffman to the Board of Directors of Richmond Power& Light
5 stipulated that six months prior to the expiration of the "General Managers'Agreement"that either party notify, in
6 writing,the other party if the agreement was not to be renewed for another year.
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8 "As requested in your letter, the Board of Directors now acknowledges that the expiration date of this agreement
9 shall be July 27, 1997.
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11 "The Board wishes to thank Mr. Irving Huffman for his exemplary leadership for the past 30 years. We are proud
12 of RP & L and your efforts to provide the rate payers with low cost, dependable electric service. May your
13 retirement provide you and your family with many years of excellent health and enjoyment."
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15 UNFINISHED BUSINESS
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17 There was none.
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19 STREET LIGHT COMMITTEE REPORT
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21 There was none.
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23 MISCELLANEOUS BUSINESS
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25 There was none.
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27 REPORT BY GENERAL MANAGER
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29 General Manager Irving Huffman stated that he had, in hand, an envelope received Tuesday, December 17,
30 1996,from Altec. He said he felt quite sure it was a late bid for the single bucket truck, noting that those bids had
31 to be in hand by 7 p.m. Monday, December 16, 1996.
32
33 He continued, saying of the two bids received at the last meeting for a single man bucket truck,the bid received
34 by Techo Inc.for$85,969, less the trade in of$7,000, making a total of$78,969, was the lowest most responsive,
35 responsible bid and recommended it be accepted. Councilmember Wissel so moved, second by Councilmember
36 Lundy and the motion was carried on a unanimous voice vote.
37
38 Councilmember Parker suggested to Huffman that the envelope, unopened, should be returned to Altec, noting in
39 the minutes that it had been received too late to qualify for consideration.
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41 Huffman announced a meeting for all utility operators, mayors and other officials will be held at 10 a.m.Tuesday,
42 January 14 at the Westin in Indianapolis. He urged members here to attend as well as Mayor Andrews. He said
43 the meeting will concern retail wheeling and new proposed legislation.
44
45 Councilmember Allen agreed with Huffman about the importance of the issue, noting that she had read a related
46 article in the Public Power magazine. Huffman also noted that the president of Asea, Brown and Bavaria will be
47 coming to Richmond Wednesday,January 8,to express his appreciation to RP &L for being a demonstration site
48 and exceeding all expectations.He asked Chairperson Welch to attend the luncheon to represent this Board at
49 12:30 p.m.Wednesday at the Olde Richmond Inn.Welch said he would be glad to attend then noted that he had
50 seen in the Palladium-Item classified section the legal notice of a public hearing redesignation February 5, 1997,
51 for the redesignating attainment in parts of Wayne County. Huffman said RP&L is attaining limits of 2001.
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53 Huffman said a LEBBS program will be held at 7 p.m. Wednesday,January 15, about the environmental impact
54 by A.B.B. He added that this shows RP& L has historically set the standard over the past years.
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57 NEW BUSINESS
58
59 Chairperson Welch presented an engraved gavel to outgoing Chairperson Parker in appreciation of his leadership
60 during 1996.
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62 PUBLIC COMMENTS
63
64 There were none.
65
RP&L Minutes Cont'd
January 6, 1997
Page 3
1 ADJOURNMENT
2
3 There being no further business, on a motion duly made,seconded and passed the meeting was
4 adjourned.
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10 Bing Welch, Chairperson
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15 ATTEST:
16 Norma Schroeder, Clerk
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