HomeMy Public PortalAbout01-03-1995 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
TUESDAY.JANUARY 3.1995
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.Tuesday, January 3, 1995, in the Council
3 chambers in the Muncipal Building in said City. Chairperson Howard "Jack" Elstro presided with the following
4 Councilmembers in attendance: Etta Lundy, Jane Brookbank, Mary Ellen Donat, Don McBride, Larry Parker,
5 Gene Allen, Bob Dickman and Sally Hutton. The following business was had to-wit:
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7 APPROVAL OF MINUTES OF DECEMBER 19.1994
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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.
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12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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14 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills for
15 payment,seconded by Councilmember Lunday and by unanimous voice vote the motion carried.
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17 Bills Already Paid
18 Payroll and Deductions 217,020.60
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21 Investments Purchased From:
22 Cash Operating Fund 2,250,000.00
23 Band Sinking Fund
24 Utility Bond Reserve Fund
25 Depreciation Reserve Fund 91,000.00
26 Insurance Reserve Fund
27 Consumer Deposit Fund
28 Cash Reserve Fund 161,500.00
29 Group Insurance Fund
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31 Total Investments
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33
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35 Transfer from Cash Operating Fund to;
36 Cash Reserve Fund for
37 Payment to City in lieu of taxes - 161,500.00
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39 Transfers from Depreciation Reserve to:
40 Cash Operating Fund
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42 Transfers from Consumer Deposit to:
43 Cash Operating Fund
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45 Transfers from Utility Bond Reserve Fund to:
46 Bond Sinking Fund
47
48 Transfers from Cash Operating ;
49 Interest and Bond Principal
50 Bond Sinking Fund
51 Cash Reserve Fund
52 Utility Bond Sinking Fund
53 Depreciation Reserve Fund:
54 For Property and Plant 91,000.00
55 56
Insurance Reserve Fund
Consumer Deposit Fund
57
58 Interest and Bond Principal
59
60 End of Month Petty Cash
61 Revenue Bonds
62 Interest Coupons Redeemed
63 Bond Coupons
64 Miscellaneous Bills Already Paid 1,250,199.43
65 Total prepaid invoices 4,222,220.03
Total Bills Not Paid 670,081.09
Grand Total 4,892,301.12
RP&L Minutes Cont'd
January 3, 1995
Page 2
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2 REMARKS BY CHAIRPERSON
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4 There were none.
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6 UNFINISHED BUSINESS
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8 There was none.
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10 STREET LIGHT COMMITTEE REPORT
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12 Councilmember Brookbank commented on the status of the petition for Locust Drive. She said in calling it was
13 determined that that area would be considered in the county and RP & L had learned that the county was not
14 interested in paying for street lights. It was rejected. Chairperson Elstro directed City Clerk Norma Carnes to call
15 the petitioners and advise them of the action taken.
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17 President Parker read a letter of apprecitation from Wayne Dairy Products expressing appreciation to RP & L for
18 the street lights installed in that area around North West 11th and North West T Streets.
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20 MISCELLANEOUS BUSINESS
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22 There was none.
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24 REPORT BY GENERAL MANAGER
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26 General Manager Irving Huffman said he knew of no other city in the United States with more street lights per
27 population than Richmond has. He stated that Board members had a copy of the November statement,adding
28 that the December statement would be ready around the third week in January. He noted RP&L would have to
29 wait on the information from IMPA.He added that it had been a very good year, noting that any reduction to RP&
30 L will be passed on to the customer. He said industrial customer kilowatt hour sales had increased 18 percent,
31 which he said indicates a healthy industry.He commended the Board members on the job they have done.
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33 Chairperson Elstro asked Huffman about meeting at 7 p.m. Monday,January 23, 1995, at the service building at
34 RP& L and he agreed that would be a good time..
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36 NEW BUSINESS
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38 There was none.
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40 ADJOURNMENT
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42 There being no further business,on a motion duly made,seconded and passed the meeting was
43 adjourned.
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50 Howard"Jack"Elstro,Chairperson
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55 ATTEST:
56 Norma Carnes, City Clerk
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