HomeMy Public PortalAbout10-07-1991 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 7. 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 7, 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, McBride, Parker, Hutton , Morris and Paust. Absent: Hankinson. The following business was had
5 to-wit:
6
7 APPROVAL OF MINUTES OF SEPTEMBER 16. 1991
8
9 Councilmember McBride moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember Hutton 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 Paust moved to approve the following bills for
15 payment,seconded by Councilmember McBride and on unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 397,136.20
19
20
21 Investments Purchased From:
22 Cash Operating Fund 2,650,000.00
23 Bond Sinking Fund
24 Utility Bond Reserve Fund
25 Depreciation Reserve Fund .00
26 Consumer Deposit Fund
27 Cash Reserve Fund 463,000.00
28 Group Insurance Fund
29
30 Total Investments 3,113,000.00
31
32
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 Bond 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 1,443,478.55
64
65 Total Bills Not Paid 1.362.269.36
Grand Total 6,778,884.11
RP&L Minutes Cont'd
October 7, 1991
Page 2
1 Councilmember Hutton questioned the large amount of dollars in the financial statement and Mr. Huffman
2 explained it included costs for the Whitewater Substation and RP&L's cost of the IMPA project, all being capital
3 projects.
4
5 REMARKS BY CHAIRPERSON
6
7 Chairman Elstro reminded the Council of the Executive Board meeting at the Service Building on September 23,
8 1991.
9
10 UNFINISHED BUSINESS
11
12 No business.
13
14 STREET LIGHT COMMITTEE REPORT
15
16 Councilmember McBride stated that he had an inquiry about an alley at the rear of 1300 Harris Street needing
17 lighting and asked who was responsible for putting up a dusk to dawn light.
18
19 Mr.Huffman said the customer needs to request RP&L to do this and they pay for the lighting.
20
21 Chairman Elstro said it has been the policy of the Board not to light alleys.
22
23 Councilmember McBride said he had told the residents he would inquire as to the procedures and he will inform
24 them they need to make the arrangements.
25
26 Mr.Huffman added that many times several customers split the cost of the dusk to dawn lighting.
27
28 MISCELLANEOUS BUSINESS
29
30 None was presented.
31
32 REPORT BY GENERAL MANAGER
33
34 Receive Bids for One Automobile
35
36 Mr. Huffman presented the Proof of Publication for the receipt of bids for one automobile. It was found to be in
37 order and Councilmember Morris moved to accept and file the Proof of Publication,seconded by Councilmember
38 McBride and on unanimous voice vote the motion was carried.
39
40 Mr. Huffman opened the following bids:
41 ,
42 1. Tom Brookbank Chevrolet. The bid was on the proper form,signed, notarized and accompanied by a
43 certified check in the amount of$546.25. The total bid price for one 1992 Corsair LT 4-door vehicle was
44 10,925.00 with a six week delivery time or sooner if one could be located in stock.
45
46 2. Fred First Ford. The bid was on the proper form,signed, notarized and accompanied by a certified check
47 in the amount of$512.65. The total bid price for one 1992 Tempo GL was 10,253.00 with a four to six week
48 delivery time.
49
50 Councilmember McBride moved to refer the bids to the General Manager for tabulation, evaluation and
51 recommendation,seconded by Councilmember Hutton and on unanimous voice vote the motion was carried.
52
53 ADJOURNMENT
54
55 There being no further business,on a motion duly made,seconded and passed the meeting was
56 adjourned.
57
58
59
60
61 Jack Elstro, Chairperson
62
63
64
65 ATTEST:
Mary Merchanthouse, City Clerk