HomeMy Public PortalAbout05-06-1991 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, MAY 6. 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 May 6, 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 APRIL 15. 1991
8
9 Councilmember McBride moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember Brookbank 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 403,660.77
17
18
19 Investments Purchased From:
20 Cash Operating Fund 2,950,000.00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund 1,947,320.00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund .00
26 Group Insurance Fund .00
27
28 Total Investments 4,897,320.00
29
30 Transfer to City in Lieu of Taxes:
31
32 Transfers from Depreciation Reserve to:
33 Cash Operating Fund ..00
34
35 Transfers from Consumer Deposit to:
36 Cash Operating Fund .00
37
38 Transfers from Utility Bond Reserve Fund to:
39 Bond Sinking Fund .00
40
41 Transfers from Cash Operating :
42 Interest and Bond Principal .00
43 Bond Sinking Fund .00
44 Cash Reserve Fund .00
45 Utility Bond Sinking Fund .00
46 Depreciation Reserve Fund .00
47 Insurance Reserve Fund .00
48 Total Transfers
49
50 Interest and Bond Principal .00
51
52 End of Month Petty Cash .00
53 Revenue Bonds .00
54 Interest Coupons Redeemed .00
55 Bond Coupons .00
56 Miscellaneous Bills Already Paid 1,523,486.75
57 Total Bills Not Paid 1,487,262.79
58 8,311,730.31
59
60 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the investments
61 purchased,transfers made and bills to be paid, seconded by Councilmember Brookbank and on unanimous voice
62 vote the motion was carried.
63
64
65
RP&L Minutes Cont'd
May 6, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairman Elstro had no remarks.
4
5 UNFINISHED BUSINESS
6
7 No business.
8
9 STREET LIGHT COMMITTEE REPORT
10
11 Councilmember McBride recommended lights on South 48th Street and Chairman Elstro reminded Mr. McBride
12 the process needed to be started by petition.
13
14 MISCELLANEOUS BUSINESS
15
16 None was presented.
17
18 REPORT BY GENERAL MANAGER
19
20 Mr. Huffman commented on the 1990 State Board of Accounts Audit and there were no findings or comments
21 issued.
22
23 Mr.Huffman presented the Board with a rate comparison through the American Public Power of other utilities in
24 the North Central Plains area and that RP&L was excellent in the comparison.
25
26 LZ Whitewater-Veterans Memorial
27
28 Mr. Huffman reminded Council of the use of the Johnson Street Station property for the Vietman Moving Wall and
29 the benefits of this type of use of this property. He said it was quiet and in a good area for public use but
30 compatible for our needs.
31
32 Mr.William Smith spoke to the Board representing LZ Whitewater and explained a proposal for a living memorial
33 in this area. Mr. Smith said the area at the Johnson Street Station was ideal for a monument for all veterans. He
34 explained the plans included an 8 ft.tall monument with six sides topped with an Eagle and then headstones to be
35 added later facing each side with names of all Wayne County people having died in wars on the stones.
36
37 Mr.Smith said they need only a small section of the property for the memorial.
38
39 Chairman Elstro asked about the maintenance and Mr.Smith said they would provide maintenance and would
40 establish a fund for perpetual maintenance.
41
42 Mr.Smith explained that they did not feel this was a duplication of the Freedom Fountain and felt that all Vets
43 groups will unit in this effort.
44
45 Mr.Smith shared plans and photographs with the Board.
46
47 Mr.Huffman commented that they prefer visitors to the area use the foot bridge and they will not encourage
48 vehicular traffic, but can accommodate disabled by letting them in the gate for access.
49
50 Councilmember Paust said he would like the City Attorney to draw up an agreement specifying procedures so
51 there are no questions in the future.
52 -
53 Councilmember Paust moved to authorize RP&L and LZ Whitewater to proceed with the project,seconded by
54 Councilmember Brookbank and on unanimous voice vote the motion was carried.
55
56 ADJOURNMENT
57
58 There being no further business, on a motion duly made,seconded and passed the meeting was
59 adjourned.
60
61
62
63
64 Howard J. Elstro, Chairperson
65
ATTEST:
Mary Merchanthouse, City Clerk