HomeMy Public PortalAbout10-21-1991 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
OCTOBER 21. 1991
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 October 21, 1991 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Elstro presided with the following Councilmembers in attendance: Lundy,
4 Brookbank, Hankinson, McBride, Parker, Hutton , Morris and Paust. Absent: None. The following business was
5 had to-wit:
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7 APPROVAL OF MINUTES OF OCTOBER 7. 1991
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9 Councilmember McBride moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember Hankinson and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee,Councilmember Hankinson moved to approve the following
15 bills for payment,seconded by Councilmember McBride and on unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 201,213.92
19
20
21 Investments Purchased From:
22 Cash Operating Fund 875,000.00
23 Bond Sinking Fund
24 Utility Bond Reserve Fund
25 Depreciation Reserve Fund .00
26 Consumer Deposit Fund
27 28
Cash Reserve Fund 737,800.00
Group Insurance Fund
29
30 Total Investments 1,612,800.00
31
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33 Transfer to City in Lieu of Taxes:
34
35 Transfer from PY Ded.to:
36 Cash Operating Fund
37
38 Transfers from Depreciation Reserve to:
39 Cash Operating Fund
40
41 Transfers from Consumer Deposit to:
42 Cash Operating Fund
43
44 Transfers from Utility Bond Reserve Fund to;
45 Bond Sinking Fund
46
47 Transfers from Cash Operating :
48 Interest and Bond Principal
49 Bond Sinking Fund 463,000.00
50 Cash Reserve Fund
51 Utility Bond Sinking Fund
52 Depreciation Reserve Fund
53 Insurance Reserve Fund
54 Consumer Deposit Fund
55
56
57 Interest and Band Principal 97.50
58
59 End of Month Petty Cash
60 Revenue Bonds
61 Interest Coupons Redeemed
62 Bond Coupons
63 Miscellaneous Bills Already Paid 1,045,077.30
64
65 Total Bills Not Paid 371.928.62
Grand Total 3,231,019.84
RP&L Minutes Cont'd
October 21, 1991
Page 2
1 REMARKS BY CHAIRPERSON
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3 Chairman Elstro reminded the Council of the Executive Board meeting at the Service Building on October 28,
4 1991.
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6 UNFINISHED BUSINESS
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8 No business.
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10 STREET LIGHT COMMITTEE REPORT
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12 No report was presented.
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14 MISCELLANEOUS BUSINESS
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16 None was presented.
17
18 REPORT BY GENERAL MANAGER
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20 Award Bids for One Automobile
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22 Mr.Delmer Cox, representing Mr.Huffman, recommended that the bid for one automobile be awarded to Fred
23 First Ford at 10,253.00. Mr. Cox stated this was the lowest bid received,with Brookbank bidding at 10,925.00,
24 and the bid did meet all specifications.
25
26 Councilmember Morris moved to award the bid for one 1992 automobile to Fred First Ford at a bid price of
27 10,253.00,seconded by Councilmember Parker and on unanimous voice vote the motion was carried.
28
29 ADJOURNMENT
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31 There being no further business, on a motion duly made,seconded and passed the meeting was
32 adjourned.
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37 Jack Elstro, Chairperson
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41 ATTEST:
42 Mary Merchanthouse, City Clerk
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