HomeMy Public PortalAbout01-22-1991 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.JANUARY 22. 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 January 22, 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 CORRECTED MINUTES OF JANUARY 7. 1991
8
9 Councilmember Brookbank noted that the special minutes of January 7, 1991 needed to be corrected to reflect
10 Councilmember Brookbank as the Vice Chairperson of RP&L Board of Directors.
11
12 Councilmember McBride moved to approve the minutes of the previous meetings as corrected, seconded by
13 Councilmember Lundy and on unanimous voice vote the motion was carried.
14
15 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
16
17
18 Bills Already Paid
19 Payroll and Deductions 198,664.75
20
21
22 Investments Purchased :
23 Cash Operating Fund 1,200,000..00
24 Bond Sinking Fund .00
25 Utility Bond Reserve Fund 208,497.23
26 Depreciation Reserve Fund .00
27 Consumer Deposit Fund .00
28 Cash Reserve Fund 596,785.00
29 Group Insurance Fund .00
30
31 Total Investments 2,005,282.23
32
33 Trans€er to City in Lieu of Taxes., 1,650,000.00
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 .00
48 Utiity Bond Sinking Fund .00
49 Depreciation Reserve Fund .00
50 Insurance Reserve Fund .00
51 Total Transfers
52
53 Interest and Bond Principal .00
54
55 End of Month Petty Cash .00
56 Revenue Bonds .00
57 Interest Coupons Redeemed .00
58 Bond Coupons 863,941.52.00
59 Miscellaneous Bills Already Paid 863,941.52
60 Total Bills Not Paid 140,921.85
61 5,691,247.85
62
63 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the investments
64 purchased, transfers made and bills to be paid, seconded by Councilmember Parker and on unanimous voice
65 vote the motion was carried.
RP&L Minutes Cont'd
January 22, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairperson Elstro announced the Executive Board Meeting on January 28,1991 at 7:00 PM at the Service
4 Building.
5
6 UNFINISHED BUSINESS
7
8 No business.
9
10 STREET LIGHT COMMITTEE REPORT
11
12 Councilmember Hutton announced the dark area in question at Waterfall Road had an existing light that was
13 burned out and needed to be replaced. Mr. Delmer Cox was requested to take note of this.
14
15 MISCELLANEOUS BUSINESS
16
17 None was presented.
18
19 REPORT BY GENERAL MANAGER
20
21 Award Bld for One 1991 Four Door Sedan
22
23 Mr. Delmer Cox, representing General Manager Huffman,told the Board that the two bids received on vehicles
24 the previous meeting had been reviewed and it was the recommendation to award the bid for the four door sedan
25 and rebid the small station wagon.
26
27 Mr.Cox recommended the bid for the1991 Four Door Sedan be awarded to Brookbank Chevrolet as the lowest
28 bidder at 10,281.with trade in allowance.
29
30 Councilmember Parker moved to award the bid for one four door sedan to Brookbank Chevrolet at 10,281.as the
31 lowest bidder and meeting specifications,seconded by Councilmember Hankinson and on unanimous voice vote
32 the motion was carried.
33
34 Mr. Cox requested the Board to reject bids received and reset the date to receive bids for the station wagon for
35 February 5, 1991.
36
37 Councilmember McBride moved to reject the bid for the small station wagon and set February 5, 1991 to receive
38 bids for one small station wagon, seconded by Councilmember Hankinson and on unanimous voice vote the
39 motion was carried.
40
41 ADJOURNMENT
42
43 There being no further business,on a motion duly made, seconded and passed the meeting was
44 adjourned.
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49 Howard J. Elstro, Chairperson
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53
54 ATTEST:
55 Mary Merchanthouse, City Clerk
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