HomeMy Public PortalAbout06-03-1991 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. JUNE 3. 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 June 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, Morris, Hutton and Paust. Absent: None. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF MAY 20. 1991
8
9 Councilmember Hankinson moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember McBride and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
13
14
15 Bills Already Paid
16 Payroll and Deductions 195,684.05
17
18
19 Investments Purchased From:
20 Cash Operating Fund 1,225,000.00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund 702,300.00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund 200,000.00
26 Group Insurance Fund .00
27
28 Total Investments 2,127,300.00
29
30 Transfer to City in Lieu of Taxes:
31
32 Transfer from PY Ded.to
33 Cash Operating Fund 23.32
34
35 Transfers from Depreciation Reserve to:
36 Cash Operating Fund 00
37
38 Transfers from Consumer Deposit to:
39 Cash Operating Fund .00
40
41 Transfers from Utility Bond Reserve Fund to:
42 Bond Sinking Fund .00
43
44 Transfers from Cash Operating :
45 Interest and Bond Principal .00
46 Bond Sinking Fund .00
47 Cash Reserve Fund 200,000.00
48 Utility Bond Sinking Fund .00
49 Depreciation Reserve Fund .00
50 Insurance Reserve Fund .00
51 Consumer Deposit Fund 1.10
52
53
54 Interest and Bond Principal .00
55
56 End of Month Petty Cash .00
57 Revenue Bonds .00
58 Interest Coupons Redeemed .00
59 Bond Coupons .00
60 Miscellaneous Bills Already Paid 265,545.82
61 Total Bills Not Paid 1.392.698.83
62 Grand Total 4,181,253.12
63
64 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the investments
65 purchased, transfers made and bills to be paid, seconded by Councilmember McBride and on unanimous voice
vote the motion was carried.
RP&L Minutes Cont'd
June 3, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairman Elstro announced the special meeting of the Executive Board on June 10, 1991 at 7PM at the Service
4 Building regarding studies for RP&L entering the cable television industry.
5
6 Chairman Elstro announced the cancellation of the June 24, 1991 Executive Board meeting since the regular
7 Board of Directors meeting would be held that night.
8
9 UNFINISHED BUSINESS
10
11 No business.
12
13 STREET LIGHT COMMITTEE REPORT
14
15 None was presented.
16
17 MISCELLANEOUS BUSINESS
18
19 None was presented.
20
21 REPORT BY GENERAL MANAGER
22
23 Mr. Huffman commented on the ground breaking ceremonies and that they had been video taped and were
24 available for view for anyone not able to attend.
25
26 Mr.Huffman also felt the Ramsey Lewis Trio presentation in Gorge was very well received and Richmond Power
27 &Light had added time and effort to the event. He added that they also assisted with the Pig Out which was a
28 very well received community event.
29
30 Mr. Huffman said that Richmond Power& Light helps the community in projects that they feel will benefit the
31 entire community.
32
33 Mr. Huffman updated the Council on the welding of the turbine shell. He said the main crack was induced by
34 sloppy removal of the bolts at the service shop. Mr. Huffman said RP&L had been represented with this by EPRI
35 and felt their membership in EPRI had saved RP&L many dollars over and over.
36
37 ADJOURNMENT
38
39 There being no further business,on a motion duly made,seconded and passed the meeting was
40 adjourned.
41
42
43
44
45 Howard J. Elstro,Chairperson
46
47
48
49
50 ATTEST:
51 Mary Merchanthouse, City Clerk
52
53
54
55
56
57
58
59
60
61
62
63
64
65