HomeMy Public PortalAbout10-07-1996 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND.INDIANA.SERVING AS A BOARD
JN CHARGE OF THE OPERATION OF THE RICHMOND POWER&LIGHT PLANT
MONDAY. OCTOBER 7.1996
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, October 7, 1996, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Larry Parker presided with the following
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Robert
5 Dickman,Alan Stamper,Bing Welch and Geneva"Gene"Allen. The following business was had to-wit:
6
7 APPROVAL OF MINUTES
8
9 The minutes of the September 23 and September 26, 1996 meetings were not available.
10
11 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
12
13 Upon recommendation of the Finance Committee,Councilmember Stamper moved to approve the following bills
14 for payment,seconded by Councilmember Hutton and by unanimous voice vote the motion carried.
15
16 sills Already Paid
17 Payroll and Deductions 226,873.82
18
19 Investments Purchased From:
20 Cash Operating Fund 500,000.00
21 Bond Sinking Fund
22 Utility Bond Reserve Fund
23 Depreciation Reserve Fund
24 Insurance Reserve Fund
25 Consumer Deposit Fund
26 Cash Reserve Fund
27 Graup Insurance Fund
28
29 Total Investments
30
31 Transfer from Cash Operating Fund to:
32 Cash Reserve Fund for Payment
33 to City in lieu of taxes
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
41
42 Transfers from Consumer Deposit to: •
43 Cash Operating Fund
44
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 Utilly 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 250,495.64
62 Total Prepaid Invoices 977,369.46
63 Less EFT/Direct Deposit of Payroll (42,165.51)
64 Total Prepaid Invoices 935,203.95
65 Total Bills Not Paid .. 699,901.07
Grand Total 1,635,105.02
RP&L Minutes Cont'd
October 7, 1996
Page 2
•
1 ,REMARKS BY CHAIRPERSON
2
3 There were none.
4
5 UNFINISHED BUSINESS
6
7 There was none.
8
9 STREET LIGHT COMMITTEE REPORT
10
11 There was none.
12
13 MISCELLANEOUS BUSINESS
14
15 There was none.
16 -
17 REPORT BY GENERAL MANAGER
18
19 General Manager Irving Huffman said the I.B.E.W. union contract had been negotiated with the employees and it
20 is up the the Board to accept it. He said he has brought two resolutions before the Board.One is the acceptance
21 of the union contract and the changes and the other is granting the remainder of the employees a 3 percent
22 increase as well as the union employees'3 percent.City Attorney Bob Bever said these should be identified by
23 number and that should be done through the Clerk.Councilmember Stamper moved to approve both resolutions,
24 second by Councilmember Hutton and the motion was carried on a unanimous voice vote.
25
26 Huffman said Unit No. 1 is down for the fall outage and was taken off line Friday and expected to be back October
27 20.He said the work will entail taking out the existing burners and replacing them with the new load nitrous oxide
28 burners. He said it is a major expense but is dictated by EPA and has to be complied with. He said the vibrator
29 feeders for the coal unloading will be installed at the same time. He invited Board members to visit the plant to
30 see the work being done.
31
32 Councilmember Allen asked if any new information had been received on the rate case and Huffman answered
33 that they are now collecting the information requested by the counselor. He said most of it was generated by the
34 public meeting.Councilmember Dickman asked about the case with the U.S.Justice Department. Huffman said it
35 is still in negotiations,commenting that only small items remain to be resolved. Bever stated that the attorney has
36 been keeping him abreast of the situation and they are now looking at some minor discrepancies. Huffman said
37 what it all boils down to is that RP&L paid $200,000 plus some interest that will be generated,to be left alone. He
38 added that he feels very strongly that RP&L was not in violation and should not be in the position it is in.
39 Councilmember Allen asked if there are any other suits pending that have not been settled and Huffman said he
40 did not know of any.
41
42 NEW BUSINESS
43
44 There was none.
45
46 PUBLIC COMMENTS
47
48 There were none.
49 -
50 ADJOURNMENT
51
52 There being no further business,on a motion duly made,seconded and passed the meeting was
53 adjourned.
54
55
56
57 -
58
59
60 Larry Parker,Chairperson -
61
62
63
64
65
ATTEST:
Norma Schroeder, Clerk