HomeMy Public PortalAbout11-20-1995 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. NOVEMBER 20.1995
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, November 20, 1995, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Howard "Jack" Elstro presided with the following
4 Councilmembers in attendance: Gene Allen, Jane Brookbank, Bob Dickman, Mary Ellen Donat, Sarah 'Sally"
5 Hutton, Etta Lundy, Don McBride and Larry Parker.The following business was had to-wit:
6
7 APPROVAL OF MINUTES OF NOVEMBER 6.1995
8
9 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
10 Councilmember Hutton and on a unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee,Councilmember Donat moved to approve the following bills for-
15 payment,seconded by Councilmember Hutton and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 444,644.62
19
20 Investments Purchased From:
21 Cash Operating Fund 600,000.00
22 Boed Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 28
Cash Reserve Fund
Group Insurance Fund
29
30 Total Investments 600,000.00
31
32
33 Transfer from Cash Operating Fund to;
34 Cash Reserve Fund for payment
35 to City in lieu of taxes
36
37 Transfer from Cash Operating Fund to;
38 Depreciation Reserve Fund
39 for Property&Plant
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41 Transfers from Depreciation Reserve to:
42 Cash Operating Fund
43
44 Transfers from Consumer Deposit to:
45 Cash Operating Fund
46
47 Transfers from Utility Bond Reserve Fund to:
48 Bond Sinking Fund
49
50 Transfers from Cash Operating to
51 Interest and Bond Principal
52 Bond Sinking Fund
53 Cash Reserve Fund
54 Utility Bond Sinking Fund
55 56
Depreciation Reserve Fund
Insurance Reserve Fund
57 Consumer Deposit Fund
58
59 Interest and Bond Principal
60
61 End of Month Petty Cash
62 Revenue Bonds
63 Interest Coupons Redeemed
64 Bond Coupons 65 Miscellaneous Bills Already Paid 1,393,207.59
Less EFT/Direct Deposit of Payroll (84,215.83)
Total prepaid invoices 2,353,636.38
Total Bills Not Paid 542,993.47
Grand Total 2,896,629.85
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RP&L Minutes.Cont'd
November 20, 1995 • I '
Page 2.
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1 REMARKS BY CHAIRPERSON
2
3 There were no remarks by Chairperson Elstro. General Manager Irving Huffman said the capital budget will be
4 discussed at 7 p.m. Monday, November 27, at RP & L. Also, he said, the Board will meet with Carl Mykoff at 7
5 p.m. Tuesday, December 12, at RP & L. Chairperson Elstro said the nine members currently on the Board_will _
6 review what they have so far but the decision will be made by the 1996 Council.
7
8 UNFINISHED BUSINESS
9
10 There was none.
11,
12 STREET LIGHT COMMITTEE REPORT
13
14 There was no report.
15
16 MISCELLANEOUS BUSINESS
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18 There was none.
19
20 REPORT BY GENERAL MANAGER
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22 Huffman said one bid was received at the last meeting for the Coal Turn Around Area and it was from Oberle&
23 Associates for$54,900 which was about$3,000 over the budgeted figure. However, he said,they felt it was a fair:-
24 bid and he would recommend it be accepted. He added that Oberle had also bid$3,700 on a handrail to be put
25 around the pit area but it was felt that RP&L could do that for less money.Councilmember McBride moved to
26 accept the bid,second by Councilmember Parker and the motion was carried on a unanimous voice vote.
27
28 Only one bid had been received, Huffman said,for the emergency backup generator and he said he expected at
29 least three:He recommended the opening of the bids be delayed until the next meeting to give others the
30 opportunity to submit bids.Councilmember Dickman so moved,second by Councilmember Parker and the motion
31 was carried on a unanimous voice vote.
32 .
33 Huffman requested the Board's approval to take bids for a 1996 hydraulic digger derrick to replace truck No.24.
34 He asked that bids be taken with and without a trade in,explaining that the truck has only 43,000 miles on it and
35 they may be able to sell it at a higher price than they could get as a trade in.He added that a new truck is about
36 $150,000. Huffman explained that the old truck has its limitations and can only dig holes and set poles,whereas
37 the new truck will be able to set poles as well as transformers and much more.Councilmember McBride moved
38 to approve the request for bids,second by Councilmember Hutton and the motion was carried on a unanimous
39 voice vote.
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41
42 ADJOURNMENT
43
44 There being no further business,on a motion duly made,seconded and passed the meeting was
45 adjourned.
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48 -_ -
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51 Howard."Jack"Elstro,.Chairperson.
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55
56 ATTEST:
57 Norma Schroeder, City Clerk
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