HomeMy Public PortalAbout08-19-1991 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
AUGUST 19. 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 August 19, 1991 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Vice Chairman Brookbank presided with the following Councilmembers in attendance:
4 Lundy, Hankinson, Parker, Hutton and Morris. Absent: Elstro, McBride and Paust. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF AUGUST 5. 1991
8
9 Councilmember Hankinson 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 Hankinson moved to approve the following
15 bills for payment,seconded by Councilmember Lundy and on unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 198,410.74
19
20
21 Investments Purchased From:
22 Cash Operating Fund 1,250,000.00
23 Bond Sinking Fund
24 Utiliy Bond Reserve Fund
25 Depreciation Reserve Fund
26 Consumer Deposit Fund
27 28
Cash Reserve Fund
Graup Insurance Fund
29
30 Total Investments
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
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
58
59 End of Month Petty Cash
60 Revenue Bonds
61 Interest Coupons Redeemed
62 Bond Coupons 412.50
63 Miscellaneous Bills Already Paid 1,311,804.29
64
65 Total Bills Not Paid 417,100.53
Grand Total 3,177,728.06
RP&L Minutes Cont'd
August 19, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 None were presented.
4
5 UNFINISHED BUSINESS
6
7 No business.
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9 STREET LIGHT COMMITTEE REPORT
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11 None were presented.
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13 MISCELLANEOUS BUSINESS
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15 None was presented.
16
17 REPORT BY GENERAL MANAGER
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19 Mr. Huffman reported RP&L is changing some street light rate schedules and will have to change some more. He
20 said they are filing for the East Main Street rates and this will increase the billing to the City. He said the charges
21 on changing from mercury to sodium lights will also be higher.
22
23 Mr.Huffman said that Unit 1 is back on line and performing very good. He said they will have some future wok on
24 the pulverizer and will eventually have to change out and upgrade the pulverizer.
25
26 Mr. Huffman commented it might be necessary with the LIFAC project to upgrade the electrostatic precipitator on
27 as a part of the Clean Coal project and this was planned for when the stack was place in its location. He said they
28 now see LIFAC being delayed two or three months during the study period with regard to the precipitator.
29
30 Sale of 0 Street Property
31
32 Mr. Bruce Metzger explained to the Board that the City now had 39,000.00 plus dollars to present to RP&L for the
33 sale of the property on South Q Street. He asked the Board to execute the deed for sale to the City. He said
34 RP&L is reserving two easements along either side of the property and this is the proper way to preserve the two
35 easements.
36
37 The deed was approved and executed by the Board.
38
39 ADJOURNMENT
40
41 There being no further business, on a motion duly made, seconded and passed the meeting was
42 adjourned.
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48 Jane Brookbank,Vice Chairperson
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51
52 ATTEST:
53 Mary Merchanthouse, City Clerk
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