HomeMy Public PortalAbout09-17-1990 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, SEPTEMBER 17, 1990
1 The Common Counc7 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 September 17, 1990 at the hour of 7:00 P.M. in the
3 Municipal Building in said City. Chairman Lundy presided with the following Councilmembers in attendance:
4 Brookbank, Hankinson, McBride, Parker, Hutton, Morris and Paust. Absent: none. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF SEPTEMBER 4, 1990
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9 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
10 Councilmember Brookbank and on unanimous voice vote the motion was carried.
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12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and Deductions 191,428.23
17
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19 Investments Purchased :
20 Cash Operating Fund 1,400,000.00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund 489,713.00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund .00
26 Group Insurance Fund .00
27
28 Total Investments 1,889,713.00
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30 Transfers from Depreciation Reserve to:
31 Cash Operating Fund .00
32
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 Utilfty 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 175,556.73
55 Total Bills Nat Paid 263,673.74
56 2,520,371.70
57
58 Upon recommendaliori of the Finance Committee, Councilmember Elstro moved to approve the investments
59 purchased,transfers made and bills to be paid, seconded by Councilmember Brookbank and on unanimous voice
60 vote the motion was carried.
61
62 REMARKS BY CHAIRPERSON
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64 Chairperson Lundy inquired if there was any damage from the last storm and Mr. Huffman informed the Board
65 that there was not much damage due to a successful tree trimming program. He said this is a very aggressive
program and preverrts much storm damage.
RP&L Minutes Cont'd
September 17, 1990
Page 2
1 Councilmember Hutton asked about the footbridge and Mr. Huffman said it was not yet repaired, but hardware
2 had been ordered and they were waiting on engineering approval for a modified base and larger hadrware. He
3 said they would like to get it repaired pretty quickly so the public could enjoy the leaves in the Gorge.
4
5 UNFINISHED BUSINESS
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7 No business.
8
9 STREET LIGHT COMMITTEE REPORT
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11 Chairperson Lundy inquired about the lights on the promenade and Mr. Huffman reported they were putting up the
12 single globes where there had been multiples and were changing out the heads on the existing poles with fixtures
13 that included the ballasts.
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15 MISCELLANEOUS BUSINESS
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17 None was presented.
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19 REPORT BY GENERAL MANAGER
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21 Mr. Huffman updated the Board on the peaking station and that they were meeting with contractors Friday to
22 make recommendation for bid awards for construction of both stations, with construction to possibly start in
23 October with the Richmond site to be operable by the end of 1991.
24
25 ADJOURNMENT
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27 There being no further business,on a motion duly made,seconded and passed the meeting was
28 adjourned.
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33 Etta Lundy, Chairperson
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40 ATTEST:
41 Mary Merchanthouse, City Clerk
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