HomeMy Public PortalAbout04-02-1990 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, APRIL 2, 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 April 2, 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 March 19. 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 192,755.19
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18 Investments Purchased :
19 Cash Operating Fund 2,719,970.93
20 Bond Sinking Fund .00
21 Utility Bond Reserve Fund .00
22 Depreciation Reserve Fund 469,900.00
23 Consumer Deposit Fund .00
24 Cash Reserve Fund 00
25 Group Insurance Fund 155.029,07
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27 Total Investments 3,344,900.00
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29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund 300,000.00
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 2,756.25
37 Total Prepaid Invoices
38 Bond Sinking Fund .00
39 Cash Reserve Fund .00
40 Utility Bond Sinking Fund .00
41 Depreciation Reserve Fund .00
42 Insurance Reserve Fund .00
43 Total Transfers
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46 End of Month Petty Cash .00
47 Revenue Bonds .00
48 Interest Coupons Redeemed .00
49 Coupons Purchased .00
50 Miscellaneous Bills Already-Paid 1,006,386.10
51 Total Bills Not Paid 1,290,019.69
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53 Grand Total of All Approved Bills 6,136,817.23
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II 55 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
56 purchased,transfers made and bills to be paid, seconded by Councilmember Brookbank and on unanimous voice
57 vote the motion was carried.
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59 REMARKS BY CHAIRMAN
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61 Chairperson Lundy extended her thanks to Mr. Huffman for issuing the check to the Small Business Development
62 Corp.
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RP&L Minutes Cont'd
April 2, 1990
Page 2
1 STREET LIGHT COMMITTEE REPORT
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3 None were presented.
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5 MISCELLANEOUS BUSINESS
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8 REPORT BY GENERAL MANAGER
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10 Mr. Huffman stated he had no report and would be happy to answer any questions.
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12 Councilmember Hankinson stated he pleased with the meeting held with county residents on the new generating
13 plant on Gates Road.
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15 Councilmember Brookbank questioned whether the opposition of the residents will cause any delay in building the
16 plant. Mr. Huffman stated that it would not because all the necessary approval is in place.
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18 Councilmember Parker questioned what the cost of any possible delay would be. Mr. Huffman stated that delays
19 could cost anywhere from$300,000. to $400,000. and long delays as much as$500,000.considering the rise in
20 cost of equipment and new environmental studies. However, Mr.Huffman assured the Board that Mr. Eliasons
21 objections would not cause delays.
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23 Councilmember McBride questioned Mr. Huffman concerning the type of dike to be used at the site. Mr.Huffman
24 answered that it depends on the type of soil at the site but that in all probability a cement dike would be built.
25
26 Councilmember Elstro asked how many employees the new facility would have. Mr. Huffman answered stated
27 there will be no staff at the site. Daily inspections would be conducted by the present staff and maintenance
28 crews. Monitoring equipment will be installed with cameras for 24 hour monitoring.
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30 ADJOURNMENT
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32 There being no further business,on a motion duly made,seconded and passed the meeting was
33 adjourned.
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36 Etta Lundy, Chairperson
37
38 ATTEST:
39 Mary Merchanthouse, City Clerk
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