HomeMy Public PortalAbout06-07-1990 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, JUNE 7, 1990
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operation of the
2 Richmond Power & Light Plant, met in regular session June 7, 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:
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6 APPROVAL OF MINUTES OF MAY 21, 1990
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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.
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11 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
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14 Bills Already Paid
15 Payroll and Deductions 193,500.25
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18 Investments Purchased :
19 Cash Operating Fund 1,470,000.00
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 .00
25 Group Insurance Fund .00
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27 Total Investments 1,470,000.00
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29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund .00
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32 Transfers from Utility Bond Reserve Fund to;
33 Bond Sinking Fund .00
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35 Transfers from Cash Operating :
36 Interest and Bond Principal .00
37 Bond Sinking Fund .00
38 Cash Reserve Fund .00
39 Utility Bond Sinking Fund .00
40 Depreciation Reserve Fund .00
41 Insurance Reserve Fund .00
42. Total Transfers
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45 End of Month Petty Cash .00
46 Revenue Bonds .00
47 Interest Coupons Redeemed .00
48 Coupons Purchased .00
49 Miscellaneous Bills Already Paid 1,897,719.42
50 Total Bills Not Paid 1,529,195.34
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52 Grand Total of All Approved Bills 3,426,914.76
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54 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
55 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice
56 vote the motion was carried.
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58 REMARKS BY CHAIRMAN
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60 The Chair had no remarks.
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62 STREET LIGHT COMMITTEE REPORT
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64 None was presented.
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RP&L Minutes Cont'd
June 4, 1990
Page 2
1 MISCELLANEOUS BUSINESS
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3 None was presented.
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5 REPORT BY GENERAL MANAGER
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7 Mr. Huffman reported the Board there were very few outages over the week end due to the storms. He said one
8 outage was due to an accident and other due to wind, but very few problems were had.
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10 Mr. Huffman spoke of the storm damage done to other areas affecting IMPA who is part owner of Public Service
11 Company of Indiana. He said only two towers with the tornado damage in the Petersburg area. Mr. Huffman
12 said he did not feel the damage was extensive, but the real problem is not having excess power available to IMPA
13 and that may affect rates especially is there is a hot spell prior to fixing the damages.
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15 Mr.Huffman said he would like to see the final report on the storm damage to the units in the Petersburg area in
16 order to utilize the information to compare with RP&L's system and learn from the experience. He stated he
17 would share the report with the Board.
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19 ADJOURNMENT
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21 There being no further business, on a motion duly made, seconded and passed the meeting was
22 adjourned.
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25 Etta Lundy, Chairperson
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29 ATTEST:
30 Mary Merchanthouse, City Clerk
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