HomeMy Public PortalAbout09-16-1991 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
SEPTEMBER 16. 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 September 3, 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 SEPTEMBER 3. 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 Brookbank and on unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions
19
20 Investments Purchased From,:
21 Cash Operating Fund 200,000.00
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 721,920.55
25 Consumer Deposit Fund
26 Cash Reserve Fund
27 Group Insurance Fund
28
29 Total Investments 921,920.55
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32 Transfer to City in Lieu of Taxes;
33
34 Transfer from PY Ded.to:
35 Cash Operating Fund
36
37 Transfers from Depreciation Reserve to:
38 Cash Operating Fund
39
40 Transfers from Consumer Deposit to:
41 Cash Operating Fund
42
43 Transfers from Utility Bond Reserve Fund to:
44 Bond Sinking Fund
45
46 Transfers from Cash Operating :
47 Interest and Bond Principal
48 Bond Sinking Fund
49 Cash Reserve Fund
50 Utility Bond Sinking Fund
51 Depreciation Reserve Fund
52 Insurance Reserve Fund
53 Consumer Deposit Fund
54
55
56 Interest and Bond Principal 97.50
57
58 End of Month Petty Cash
59 Revenue Bonds
60 Interest Coupons Redeemed
61 Bond Coupons
62 Miscellaneous Bills Already Paid 74,222.53
63
64 Total Bills Not Paid 348.863.35
65
Grand Total 1,345,103.93
RP&L Minutes Cont'd
September 16, 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 September 23,
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 None were presented.
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14 MISCELLANEOUS BUSINESS
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16 None was presented.
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18 REPORT BY GENERAL MANAGER
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20 Mr. Huffman requested authority to receive bids to replace an automobile that had been involved in an accident
21 and had been totalled.
22
23 Councilmember McBride asked if there was in insurance settlement and Mr. Huffman said RP&L carries their own
24 insurance.
25
26 Councilmember Hankinson moved to authorize the General Manger to accept bids for one automobile,seconded
27 by Councilmember McBride and on unanimous voice vote the motion was carried.
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29 Chairman Elstro asked where the cable issue stood and Mr. Huffman reported that they would be meeting
30 Thursday with their attorneys and consultant to map out strategy and get on with the project.
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33 ADJOURNMENT
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35 There being no further business,on a motion duly made,seconded and passed the meeting was
36 adjourned.
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42 Jack Elstro, Chairperson
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46 ATTEST:
47 Mary Merchanthouse, City Clerk
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