HomeMy Public PortalAbout11-05-1990 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, NOVEMBER 5. 1990
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 November 5, 1990 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Lundy presided with the following Councilmembers in attendance: Brookbank,
4 Hankinson, McBride, Parker, Hutton, Morris and Paust. Absent: none. The following business was had to-wit:
5
6 APPROVAL OF MINUTES OF OCTOBER 15. 1990
7
8 Councilmember Morris moved to approve the minutes of the previous meeting as prepared, seconded by
9 Councilmember McBride and on unanimous voice vote the motion was carried.
10
11 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
12
13
14 Bills Already Paid
15 Payroll and Deductions 385,623.02.
16
17
18 Investments Purchased :
19 Cash Operating Fund 2,464,493..00
20 Bond Sinking Fund .00
21 Utility Bond Reserve Fund .00
22 Depreciation Reserve Fund .00
23 Consumer Deposit Fund .00
24 Cash Reserve Fund 137,500.00
25 Group Insurance Fund .00
26
27 Total Investments 2,601,993.00
28
29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund 989,493.00
31
32 Transfers from Consumer Deposit to:
33 Cash Operating Fund .00
34
35 Transfers from Utility Bond Reserve Fund to:
36 Bond Sinking Fund .00
37
38 Transfers from Cash Operating_
39 Interest and Bond Principal .00
40 Bond Sinking Fund .00
41 Cash Reserve Fund 137,500.00
42 Utilty Bond Sinking Fund .00
43 Depreciation Reserve Fund .00
44 Insurance Reserve Fund .00
45 Total Transfers
46
47 Interest and Bond Principal .00
48
49 End of Month Petty Cash .00
50 Revenue Bonds .00
51 Interest Coupons Redeemed .00
52 Coupons Purchased .00
53 Miscellaneous Bills Already Paid 1,621,578.00
54 Total Bills Not Paid 1,260,413.66
55 6,996,601.01
56
57 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
58 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice
59 vote the motion was carried.
60
61 REMARKS BY CHAIRPERSON
62
63 No remarks were presented.
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RP&L Minutes Cont'd
November 5, 1990
Page 2
1 UNFINISHED BUSINESS
2
3 No business.
4
5 STREET LIGHT COMMITTEE REPORT
6
7 No report.
8
9 MISCELLANEOUS BUSINESS
10
11 None was presented.
12
13 REPORT BY GENERAL MANAGER
14
15 Mr. Irving Huffman announced the need for budget meetings. He asked the Board meet on November 12, 1990
16 at 7PM to go over the proposed budget and the Board would receive the budget by November 8, 1990. Mr.
17 Huffman said that they might need two meetings and could use the 26th and December 10, 1990 if necessary.
18
19 The Board discussed the proposed meeting dates and set November 13, 1990 for the initial budget meeting.
20
21 Mr.Huffman announced that he has been asked to serve on the APPA committee of Key Managers to establish
22 what the industry would be doing in the year 2000. He stated there would be important issues to be discussed.
23
24 BID OPENING FOR 1991 4 WHEEL DRIVE VEHICLE
25
26 Mr. Huffman presented the Proof of Publication which was found to be in order. Councilmember Morris moved to
27 accept and file the Proof of Publication,seconded by Councilmember Hutton and on unanimous voice vote the
28 motion was carried.
29
30 Mr. Huffman opened the following bids:
31
32 1. Tom Brookbank Chevrolet. The bid was on the proper form,signed and notarized and
33 accompanied by a certified check in the amount of 805.00. The bid was for 1 Chevrolet four wheel drive vehicle
34 at 17,632.with a trade in allowance of 1,547.00 for a net price of 16,085.00 and a delivery date of January of
35 1991.
36
37 2. Studebaker Buick,GMC, Inc. The bid was on the proper form,signed and notarized and
38 accompanied by a 5%bid bond. The bid was for 17,177.00 with a trade in allowance of 700.00 for a net bid of
39 16,477.00 and delivery date not guaranteed.
40
41 3. Fred First Ford. The bid was on the proper form,signed and notarized and accompanied by a
42 certified check in the amount of 824.00. The bid was for 17,492.00 with a trade in allowance of 1,000.00 for a net
43 bid of 16,492.00 and a delivery date of six to eight weeks from the date of the order.
44
45 Having opened all bids, Councilmember Morris moved to refer the bids to General Manager Huffman for
46 evaluation,tabulation and recommendation,seconded by Councilmember Hutton and on unanimous voice vote
47 the motion was carried.
48
49 ADJOURNMENT
50
51 There being no further business,on a motion duly made, seconded and passed the meeting was
52 adjourned.
53
54
55
56
57 Etta Lundy, Chairperson
58
59
60
61
62 ATTEST:
63 Mary Merchanthouse, City Clerk
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