HomeMy Public PortalAbout01-07-1991 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 7, 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 7, 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 DECEMBER 17. 1990
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9 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
10 Councilmember Paust and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and Deductions 198,991.28
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19 Investments Purchased :
20 Cash Operating Fund 3,400,000..00
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 .00
26 Group Insurance Fund .00
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28 Total Investments 3,400,000.00
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30 Transfers from Depreciation Reserve to:
31 Cash Operating Fund 1,445,838.36
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33 Transfers from Consumer Deposit to:
34 Cash Operating Fund .00
35
36 Transfers from Utility Bond Reserve Fund to:
37 Bond Sinking Fund .00
38
39 Transfers from Cash Operating :
40 Interest and Bond Principal .00
41 Bond Sinking Fund .00
42 Cash Reserve Fund .00
43 Utilty Bond Sinking Fund .00
44 Depreciation Reserve Fund .00
45 Insurance Reserve Fund .00
46 Total Transfers
47
48 Interest and Band Principal .00
49
50 End of Month Petty Cash .00
51 Revenue Bonds .00
52 Interest Coupons Redeemed .00
53 Coupons Purchased .00
54 Miscellaneous Bills Already Paid 1,019,020.44
55 Total Bills Not Paid 2,169,093.69
56 8,232,934.77
57
58 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the investments
59 purchased, transfers made and bills to be paid, seconded by Councilmember Hutton and on unanimous voice
60 vote the motion was carried.
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62 REMARKS BY CHAIRPERSON
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64 Chairperson thanked Councilmember Lundy for her service as Chairperson.
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RP&L Minutes Cont'd
January 7, 1991
Page 2
1 UNFINISHED BUSINESS
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3 No business.
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5 STREET LIGHT COMMITTEE REPORT
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7 Councilmember McBride asked if the area near Springwood on Waterfall Road had been checked regarding
8 street lights and Councilmember Hutton said she would be checking on that.
9
10 MISCELLANEOUS BUSINESS
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12 None was presented.
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14 REPORT BY GENERAL MANAGER
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16 Open Bids for Two Automobiles
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18 Mr. Irving Huffman,General Manager, presented the Proof of Publication to receive bids for two automobiles. The
19 Proof of Publication having been in order, Councilmember Hankinson moved to accept and file, seconded by
20 Councilmember McBride and on unanimous voice vote the motion was carried.
21
22 The following bids were opened:
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24 1. Fred First Ford. The bid was on the proper form, signed, notarized and accompanied by a certified check in
25 the amount of 670.00. The bid was for one 1991 Taurus at 12,938.00 with no trade in allowance for a total bid of
26 12,938.00 with six to eight weeks delivery time.
27
28 2. Tom Brookbank Chevrolet. The bid was on the proper form,signed, notarized and accompanied by a
29 certified check in the amount of 1,108.95. The bid was for one 1991 Corsica at 10,931 less a trade in of 650.00
30 for a net price of 10,281. with a three day delivery time. The bid also included one Lumina wagon at 13,048. less
31 a trade in of 1,150.for a net price of 11,898.00 with a two day delivery time.
32
33 Having received all bids, Councilmember McBride moved to refer the bids to Mr. Huffman for evaluation,
34 tabulation and recommendation, seconded by Councilmember Hutton and on unanimous voice vote the motion
35 was carried.
36
37 ADJOURNMENT
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39 There being no further business,on a motion duly made, seconded and passed the meeting was
40 adjourned.
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45 Howard J. Elstro,Chairperson
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50 ATTEST:
51 Mary Merchanthouse, City Clerk
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