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HomeMy Public PortalAbout03-18-1991 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, MARCH 18. 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 March 18, 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 MARCH 4. 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 186,814.77 17 18 19 Investments Purchased From: 20 Cash Operating Fund 1,432,269.78 21 Bond Sinking Fund .00 22 Utility Bond Reserve Fund .00 23 Depreciation Reserve Fund .00 24 Consumer Deposit Fund .00 25 Cash Reserve Fund 503,215. .00 26 Group Insurance Fund 167.730 .22 27 28 Total Investments 2,103,215.00 29 30 Transfer to City in Lieu of Taxes: 31 32 Transfers from Depreciation Reserve to: 33 Cash Operating Fund 571,245..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 503,215.00 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 89,364.56 57 Total Bills Not Paid 79.150.56 58 3,533,004.89 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 McBride and on unanimous voice 62 vote the motion was carried. 63 64 REMARKS BY CHAIRPERSON 65 Chairperson Elstro reminded the Board of the regularly scheduled Executive Board meeting on March 25, 1991 at 7:00 PM. RP&L Minutes Cont'd March 18, 1991 Page 2 1 UNFINISHED BUSINESS 2 3 No business. 4 5 STREET LIGHT COMMITTEE REPORT 6 7 No report was presented. 8 9 MISCELLANEOUS BUSINESS 10 11 None was presented. 12 13 REPORT BY GENERAL MANAGER 14 15 Mr. Huffman reported to the Board that he and Councilmember Parker recently were in Washington, D.C.to visit 16 with legislators during an APPA legislative update. He said they were able to invite several to attend the LIFAC 17 ground breaking ceremonies. Mr. Huffman said that Senator Lugar intends to come baring no complications with 18 his scheduling and Representative Sharp has also committed to coming. 19 20 Mr. Huffman said that if legislators attend,then people from the Department of Energy would also come. Mr. 21 Huffman said there would also be persons from Kaiser,Tampella and state and local officials in attendance. 22 23 Mr. Huffman said the ceremonies would be on May 27, 1991 starting a 11:00 AM with refreshments to follow. He 24 said they would expect 50 to 100 people to be in attendance. 25 26 Mr.Huffman spoke of the recent ice storm and that there were lots of problems,but it was manageable because 27 the problems were happening one at a time. Mr. Huffman said that systems to the north including Anderson and 28 Frankfort were completely out and crews from Richmond were assisting with repairs to these systems. 29 30 Councilmember Hutton asked about payments for repairs to these systems and Mr. Huffman said there is some 31 insurance included, but the repairs are the responsibility of the utility. 32 33 Councilmember Brookbank commented how well the Street Department and RP&L had worked together to 34 maintain trees and prevent a lot of damage in an instance like this. 35 36 ADJOURNMENT 37 38 There being no further business,on a motion duly made,seconded and passed the meeting was 39 adjourned. 40 41 42 43 Howard J. Elstro, Chairperson 44 45 46 ATTEST: 47 Mary Merchanthouse, City Clerk 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65