HomeMy Public PortalAbout01-16-1996 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
TUESDAY.JANUARY 16,1996
1 The Common Councf 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, January 16, 1996, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Howard "Jack" Elstro presided with the following
4 members in attendance: Geneva "Gene" Allen, Bob Dickman, Sarah "Sally" Hutton, Etta Lundy, Larry Parker,
5 Alan Stamper, Bing Welch and Bruce Wissel. The following business was had to-wit:
6
7 ELECTION OF OFFICERS
8
9 Councilmember Dickman nominated Councilmember Parker as Chairperson, second by Councilmember Hutton,
10 and Councilmember Wissel moved to close the nominations, second by Councilmember Lundy and the motions
11 were carried on a unanimous voice vote.
12
13 Councilmember Allen nominated Councilmember Welch as Vice Chairman, second by Councilmember Parker,
14 and Councilmember Hutton moved to close the nominations, second by Councilmember Lundy and the motions
15 were carried on a unanimous voice vote.
16
17 APPROVAL OF MINUTES OF DECEMBER 18.1995
18
19 Councilmember Hutton moved to approve the minutes of the December 18, 1995 meeting as prepared, seconded
20 by Councilmember Lundy and on a unanimous voice vote the motion was carried.
21
22 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
23
24 Upon recommendation of the Finance Committee, Councilmember Allen moved to approve the following bills for
25 payment,seconded by Councilmember Lundy and by unanimous voice vote the motion carried.
26
27 Bills Already Paid
28 Payroll and Deductions 224,669.68
29
30
31 Investments Purchased From:
32 Cash Operating Fund 1,000,000.00
33 Bond Sinking Fund
34 Utility Bond Reserve Fund
35 Depreciation Reserve Fund 2,286,065.52
36 Insurance Reserve Fund
37 Consumer Deposit Fund 125,000.00
38 Cash Reserve Fund 106,354.21
39 Group Insurance Fund
40 Total Investments 3,517,419.73
41 Transfer from Cash Operating Fund to:
42 Cash Reserve Fund for
43 Payment to City in lieu of taxes 106,354.21
44
45 Transfers from Depreciation Reserve to:
46 Cash Operating Fund
47
48 Transfers from Consumer Deposit to:
49 Cash Operating Fund
50
51 Transfers from Utility Bond Reserve Fund to:
52 Bond Sinking Fund
53
54 Transfers from Cash Operating :
55 56
Interest and Bond Principal
Bond Sinking Fund
57 Cash Reserve Fund
58 UtIIity Bond Sinking Fund
59 Depreciation Reserve Fund:
60 For Property and Plant 91,000.00
61 Insurance Reserve Fund
62 Consumer Deposit Fund
63 Payment to City in lieu of taxes 1,938,000.00
64
65 Miscellaneous Bills Already Paid 207,950.37
Total prepaid invoices 6,085,393.99
Less EFT/Direct Deposit of Payroll (43,605.93)
Total Bills Not Paid 509,712.13
Grand Total 6,551,500.19
RP&L Minutes Cont'd
January 16, 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 No report.
12
13 MISCELLANEOUS BUSINESS
14
15 There was none.
16
17 REPORT BY GENERAL MANAGER
18
19 General Manager Irving Huffman explained that he had given each Board member a copy of the proposed
20 agenda for the Monday, February 26 meeting at RP&L at 7 p.m., noting that Larry Ruth and John Winslow of the
21 Department of Energy,John Regan and Michael Davidson of ABB C.E., and Mark Mirolli of Exergy are the people
22 involved in making the presentation to the Board. He added that he had also included copies of a letter from
23 Regan dated January 11, expressing his appreciation of RP& L's involvement in the LEBS CeraMem Filter tests.
24 He noted the importance of the meeting,stating that it dealt with a project estimated at around$75 million.
25
26 Huffman stated that he had given all the Board members their W-4 forms as well as the state forms and asked
27 that they fill them out tonight or get them back to him as soon as possible. He also announced that the annual trip
28 to Washington, D.C.will be Monday,January 22, adding that those wishing to go should tell him so arrangements
29 can be made for traveling and accommodations.
30
31 In answer to a question posed by Councilmember Stamper about the cost of the upcoming CeraMem filter tests,
32 Huffman said no money would be expended by RP& L and ABB and the Department of Energy would no doubt
33 take care of any cost involved. Huffman added that the project awarding is about 18 months to two years down
34 the road, noting that the project involves a new turbine, new boiler and essentially a complete new plant replacing
35 Unit No. 1. He estimates the project as involving$50 million in equipment. President Parker noted that RP&L
36 gets to keep the equipment.
37
38 Councilmember Dickman asked when the Board will be meeting with candidates for the No.2 spot at RP &L.
39 Huffman said Mykoff will be calling him Wednesday.After discussion,the Board agreed on Friday and Saturday,
40 February 9 and 10th,for a meeting with five candidates plus one.All were asked to hold that time open until the
41 candidates could be
42 contacted.
43
44 NEW BUSINESS
45
46 There was none.
47
48 ADJOURNMENT
49
50 There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
51
52
53
54
55
56
57
58 Larry.Parker, Chairperson
59
60
61
62 ATTEST:
63 Norma Schroeder, City Clerk
64 •
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