HomeMy Public PortalAbout05-21-1990 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. MAY 21. 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 May 21, 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 MAY 7. 1990
7 --
8 Councilmember Brookbank moved to approve thelminutes of the previous meeting as prepared, seconded by
9 Councilmember Hutton 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 184,760.92
16
17
18 Investments Purchased :
19 Cash Operating Fund 250,000.00
20 Bond Sinking Fund .00
21 Utility Bond Reserve Fund 1,041,438.56
22 Depreciation Reserve Fund 1,172,829.00
23 Consumer Deposit Fund .00
24 Cash Reserve Fund .00
25 Group Insurance Fund 156,777.29.
26
27 Total Investments 2,621,044.85
28
29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund .00
31
32 Transfers from Utility Bond Reserve Fund to;
33 Bond Sinking Fund .00
34
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
43
44
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 1,059,549.98
50 Total Bills Not Paid 767.416.67
51
52 Grand Total of All Approved Bills 4,632,772.42
53
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.
57
58 REMARKS BY CHAIRMAN
59
60 Chairperson Lundy asked about the status of the peaking generating station and expressed her concerns that the
61 project would go on as scheduled.
62
63 Mr. Huffman commented that the project was mainly on schedule. He spoke of the misinformation about the
64 project and that it upsets many people. Mr. Huffman explained that the station was being built at the proposed
65 location merely because that was the point where two transmission lines crossed making it a perfect place to
locate.
RP&L Minutes Cont'd
May 21, 1990
Page 2
1 Mr. Huffman told the Board that the public should have the opportunity to make their statements regarding the
2 project to allow the proper agencies to rule on the merits of the project, but that does cause some delays. Mr.
3 Huffman said the delays are very expensive and the public should understand they too have a certain amount of
4 responsibility and it is unfortunate that they do not acknowledge the good such as the economic impact.
5
6 Councilmember McBride asked who would make the final determination on the project and Mr. Huffman stated
7 that now it was up to Indiana Department of Environmental Management and the delays were now costing
8 hundreds of thousands of dollars.
9
10
11 STREET LIGHT COMMITTEE REPORT
12
13 None was presented.
14
15
16 MISCELLANEOUS BUSINESS
17
18 None was presented.
19 •
20 REPORT BY GENERAL MANAGER
21
22 Mr. Huffman requested that the Board members sign off of the standard representation letter for the State Board
23 of Accounts regarding their approval of bills and minutes for Richmond Power&Light and a requirement for the
24 annual audit.
25
26 Mr. Huffman brought up the issue of attorneys fees for RP&L's labor attorney. He explained that he would like to
27 be authorized to an increase in payment from 175.00/hour to 195.00 per hour,this being at the request of the
28 attorney and there would be negotiations this year.
29
30 Councilmember Hankinson moved to authorize an increase in payment for the Labor Attorney, Mr.Reed Sissom,
31 seconded by Councilmember McBride and on unanimous voice vote the motion was carried.
32
33 Mr. Huffman continued by informing the Board of the need to keep the Cost of Service Study updated and with the
34 recent change in the computer system, it had been difficult to keep it updated internally. Mr. Huffman said this
35 was an important aspect of the utility and the need to keep it updated was relevant in order to know the rate
36 differences between classes of service.
37
38 Mr.Huffman said that Don Gimble has prepared the study the last time and he is the only person recognized by
39 the Public Service Commission for this service. Mr. Huffman requested authorization from the Board to engage
40 Gimble&Associates at 39,000.00 to do a Cost of Service Study.
41
42 Councilmember Hankinson moved to authorize the General Manager to engage Gimble&Associates for a Cost
43 of Service Study, seconded by Councilmember McBride and on unanimous voice vote the motion was carried.
44
45 Mr. Huffman presented the April Balance Sheet and explained that the expenses were high due to the removal of
46 asbestos from Unit No. 1. He added that they are in the black for the month and year to date and are on target.
47
48 Councilmember McBride asked about the sub-station for Hills Pet Products and Mr. Huffman said that project was
49 on hold as far as construction. He said the company's projected load growth had not proven to be realistic and
50 the hardware that has been ordered will be held to determine where growth might demand the construction of a
51 sub-station.
52
53 Mr. Huffman announced that the May meeting of the Board as an Executive Committee would be cancelled.
54
55 ADJOURNMENT
56
57 There being no further business,on a motion duly made,seconded and passed the meeting was
58 adjourned.
59
60
61 Etta Lundy, Chairperson
62
63
64
65 ATTEST:
Mary Merchanthouse, City Clerk