HomeMy Public PortalAbout03-05-1990 I1
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, MARCH 5. 1990
1 The Common Councf7 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 March 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:
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6 APPROVAL OF MINUTES OF FEBRUARY 20.1990
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8 Councilmember Hankinson 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
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17 Investments Purchased :
18 Cash Operating Fund 1,950,000.00
19 Bond Sinking Fund .00
20 Utility Bond Reserve Fund .00
21 Depreciation Reserve Fund 972,694.00
22 Consumer Deposit Fund .00
23 Cash Reserve Fund .00
24 Insurance Reserve Fund .00
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26 Total Investments 2,922,694.00
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28 Transfers from Depreciation Reserve to:
29 Cash Operating Fund 300,000.00
30
31 Transfers from Utility Bond Reserve Fund to:
32 Bond Sinking Fund .00
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34 Transfers from Cash Operating :
35 Interest and Bond Principal 10,393.75
36 Total Prepaid Invoices
37 Bond Sinking Fund .00
38 Cash Reserve Fund .00
39 Utilty 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 1,193,767.96
50 Total Bills Not Paid 1,565,664.53
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52 Grand Total of All Approved Bills 5,992,520.24
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54 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the investments
55 purchased,transfers made and bills to be paid, seconded by Councilmember McBride and on unanimous voice
56 vote the motion was carried.
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58 REMARKS BY CHAIRMAN
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60 None were presented.
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RP&L Minutes Cont'd
March 5, 1990
Page 2
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2 Councilmember Hutton presented a street light request from Mr. Mark Coleman, 710 Kinsington Drive to have
3 street lights installed at the southern end of the expanded area of Kinsington Drive in Meadow Park. This request
4 was referred to the Board of Public Works and Safety.
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6 REPORT BY GENERAL MANAGER
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8 General Manager, Irving Huffman stated he had no report but would be happy to answer any questions.
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10 Councilmember McBride questions Mr. Huffman concerning a right of way easement on East Main St. behind the
11 car wash. Mr. Huffman stated he is sure they do have a right-of-way there but he will have to check for certain.
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13 Councilmember Brookbank questioned Mr. Huffman concerning street lighting on the South L Street project. She
14 stated that she has question from Mrs. Speed on Hodgin Road about trees being cut in her yard. Mr. Barker
15 answered stating that 5 poles needed to be moved at Hodgin Rd. and it was necessary to cut the trees for that
16 and that the trees are in the utility right-of-way. He stated that these lines are not going underground now
17 because that will be done when phase III of the project takes place.
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19 Mrs. Speed had also voiced concern over a third lane being put in at the Hodgin Road Intersection. Mr.Wiwi
20 stated that is not a traffic lane but a turn lane.
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22 ADJOURNMENT
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24 There being no further business, on a motion duly made,seconded and passed the meeting was
25 adjourned.
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29 30 Etta Lundy, Chairperson
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39 ATTEST:
40 Mary Merchanthouse, City Clerk
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