HomeMy Public PortalAbout02-04-1991 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. FEBRUARY 4, 1991
1 The Commove 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 February 4, 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, McBride, Parker, Morris, Hutton and Paust. Absent: Hankinson. The following business was had
5 to-wit:
6
7 APPROVAL OF MINUTES OF JANUARY 22. 1991
8
9 Councilmember McBride 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
15 Bills Already Paid
16 Payroll and Deductions 193,404.08
17
18
19 Investments Purchased :
20 Cash Operating Fund 1,400,000..00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund 145,826.89
23 Depreciation Reserve Fund .00
24 Consumer Deposit Fund 104,173.11
25 Cash Reserve Fund 650,000.00
26 Group Insurance Fund .00_
27
28 Total Investments 2,300,000.00
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 Utiity Bond Sinking Fund .00
46 Depreciation Reserve Fund .00
47 Insurance Reserve Fund .00
48 Total Transfers
49
50 Interest and Bond Principal 1,106.25
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 2,885,547.79
57 Total Bills Not Paid 2.407.547.06
58 5,293,094.85
59
60 Upon recommendation of the Finance Committee, Councilmember Brookbank moved to approve the investments
61 purchased,transfers made and bills to be paid, seconded by Councilmember Paust and on unanimous voice vote
62 the motion was carried.
63
64 REMARKS BY CHAIRPERSON
65
Chairperson Elstro had no remarks.
RP&L Minutes Cont'd
February 4, 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 Receive Bids for One 1991 Station Wagon
16
17 Mr. Irving Huffman explained to the Board these were the bids received with the rebidding of the 1991 station
18 wagon and two bids had been received. Mr. Huffman presented the Board the Proof of Publication to receive bids
19 and having been found in order, Councilmember Parker moved to accept and file the Proof of Publication,
20 seconded by Councilmember McBride and on unanimous voice vote the motion was carried.
21
22 Mr.Huffman opened the following bids:
23
24 1. Tom Brookbank Chevrolet. The bid was on the proper form, signed, notarized and accompanied by
25 a certified check in the among of 509.50. The bid was for one 1991 Chevrolet Wagon at 10,400.00 less a 500.00
26 trade in allowance for a net bid of 9,990.00 with immediate delivery. An alternate bid was also received including
27 factory built options. The bid was 10,690.00 less 500.00 trade for a net bid of 10,190.00 with a 6 to 8 week
28 delivery.
29
30 2. Fred First Ford. The bid was on the proper form, signed, notarized and accompanied by a certified
31 check in the amount of 505.36. The bid was for one 1991 Ford Escort Wagon at 11,107.20 less 1,000.00
32 allowance for a net bid of 10,107.20 with 5 to 50 days delivery.
33
34 Councilmember McBride moved to refer the bid for one 1991 station wagon to the General Manager for
35 tabulation, evaluation and recommendation,seconded by Councilmember Parker and on unanimous voice vote
36 the motion was carried.
37
38 LIFAC Update
39
40 Mr. Huffman informed the Board a presentation on the LIFAC project would be made to EPRI this month for
41 evaluation and rating on the project for acceptance and funding for the local project. Mr. Huffman stated he
42 would need to be in attendance at this meeting which would take him out of town for the meeting of February 25,
43 1991 and asked the Board if they wanted to postpone or cancel the meeting.
44
45 Chairman Elstro said the Board would wait until February 18, 1991 to make that determination dependent on any
46 business to be discussed.
47
48 MISCELLANEOUS BUSINESS
49
50 Mr. Huffman shared a rather humorous report with the Board regarding EPA spending 210,000.00 on a three year
51 study to determine the effect of livestock on methane released into the atmosphere to contribute to global
52 warming.
53
54 Councilmember McBride asked if proposed development on US 27 North happens would RP&L have to build a
55 substation and Mr. Huffman said that was not necessary, but they would probably have to do transmissions lines.
56 Mr.Huffman said they would accommodate business and development as needed.
57
58 ADJOURNMENT
59
60 There being no further business,on a motion duly made, seconded and passed the meeting was
61 adjourned.
62
63
64
65 Howard J. Elstro,Chairperson
ATTEST:
Mary Merchanthouse, City Clerk