HomeMy Public PortalAbout09-23-1996 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. SEPTEMBER 23,1996
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, September 23, 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 3, 1996 meeting were approved on a motion by Councilmember Hutton and
10 second by Councilmember Wissel and carried on a unanimous voice vote.
11
12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee, Councilmember Stamper moved to approve the following bills
15 for payment, seconded by Councilmember Hutton and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 226,727.63
19
20 Investments Purchased From:
21 Cash Operating Fund
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 2,986,286.72
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 Cash Reserve Fund
28 Grog'Insurance Fund
29
30 Total Investments
31
32 Transfer from Cash Operating Fund to:
33 Cash Reserve Fund for Payment 168,025.00
34 to City in lieu of taxes
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
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 491,778.92
63 Total Prepaid Invoices 4,131,843.27
64 Less EFT/Direct Deposit of Payroll (40,952.58)
65 Total Prepaid Invoices 4,090,890.69
Total Bills Not Paid 1,094,298.82
Grand Total 5,185,189.51
RP&L Minutes Cont'd
September 23, 1996
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Parker reminded Board members of the meeting at 7 p.m. Monday, September 30 in the conference
4 room of the service building at RP&L with the agenda consisting of the LEBS presentation.
5
6 UNFINISHED BUSINESS
7
8 There was none.
9
10 STREET LIGHT COMMITTEE REPORT
11
12 Councilmember Elstro presented a petition for street lights on North 13th and H Streets and North 13th and G
13 Streets containing six signatures which he said he would turn over to the Board of Works. Councilmember
14 Stamper said he had forwarded to Bob Goodwin, president of the Board of Works, a request for street lights in the
15 Woodgate Addition, noting that he was unaware of the procedure,saying he would forward a duplicate copy of the
16 request to Councilmember Elstro. Councilmember Lundy said there may be some underground wire there.
17
18 MISCELLANEOUS BUSINESS
19
20 There was none.
21
22 REPORT BY GENERAL MANAGER
23
24 General Manager Irving Huffman introduced John Ulrich,the new assistant general manager,who comes to RP&
25 L by way of Pacific Gas&Electric Co.Ulrich said he was glad to be on board.
26
27 Huffman said two bids had been received for two dump trucks, replacing Units No.29 and 39, and these were
28 from Fred First Ford and Studebaker Buick. He noted the bid from Studebaker was the lowest, at$57,276, less
29 the$9,000 trade in, making the total price for the two vehicles at$48,276 with delivery from 8 to 14 weeks. He 111
30 recommended that bid be accepted.Councilmember Wissel so moved,second by Councilmember Hutton and the
31 motion was carried on a unanimous voice vote.
32
33 Huffman said two bids had also been received for one four-door sedan for the general manager.These were from
34 Fred First Ford and Studebaker Buick. He recommended the bid be awarded to Fred First Ford which had the
35 lowest bid of$24,280, less a trade in allowance of$500, making the total bid$23,780 with delivery from 6 to 8
36 weeks. In answer to a question posed by Councilmember Stamper, Huffman said the bid was for a Mercury Grand
37 Marquis. Councilmember Wissel questioned the$500 trade-in allowance and suggested possibly offering the car
38 in the auction or sell it outright. Huffman said he would ask if the bid of$24,280 would be a valid bid without the
39 trade in and if it is based upon the trade in, he said he would go ahead with the price quoted. Councilmember
40 Hutton moved to accept the recommendation of the general manager,second by Councilmember Welch and the
41 motion was carried on a unanimous voice vote.
42
43 Huffman stated that the Monday night meeting on the LEBS project is an important meeting. He noted that he will
44 accompany Herschel Philpot and Dale Norris to Windsor, Conn.Wednesday to meet with representatives of the
45 LEBS project to see if there are any final questions. He said he is excited about the project and so is the Indiana
46 Municipal Power Association as well as the utility industry. He added that it does represent a new way of
47 generation in the future and RP& L is fortunate that it is being considered. He noted that it is a 30 to 40 year
48 investment and the Board should be prepared for the long range project.
49
50 NEW BUSINESS
51
52 Councilmember Allen asked if all the Board members had received their issue of Public Power magazine and
53 some had not. Huffman said all are supposed to be on the mailing list. Councilmember Allen said she considers it
54 necessary reading, noting that Board members need to be reading these articles constantly to keep up with the
55 competition that they are headed into. Councilmember Stamper asked Huffman to make sure he gets on the list
56 and Huffman said he would.
57
58 ADJOURNMENT
59
60 There being no further business,on a motion duly made,seconded and passed the meeting was
61 adjourned.
62
63
64
65
Larry Parker, Chairperson
ATTEST:
Myra Miller, Deputy Clerk