HomeMy Public PortalAbout10-16-1989 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, OCTOBER 16, 1989
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 October 16, 1989 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman McBride presided with the following Councilmembers in attendance: Elstro,
4 Lundy, Brookbank, Hankinson, Parker, Hutton, and Morris. Absent: Paust. The following business was had
5 to-wit:
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7 APPROVAL OF MINUTES OF OCTOBER 2. 1989
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9 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared,
10 seconded by Councilmember Hutton 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 196,007.98
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19 Investments Purchased :
20 Cash Operating Fund 1,100,000.00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund 1,805,840.00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund . 00
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27 Total Investments 3,005,840.00
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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 Bond Sinking Fund .00
37 Cash Reserve Fund .00
38 Utility Bond Sinking Fund .00
39 Depreciation Reserve Fund 00
40 Total Transfers
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43 Revenue Bonds .00
44 Interest Coupons Redeemed .00
45 Coupons Purchased .00
46 Miscellaneous Bills Already Paid 146,211.52
47 Total Bills Not Paid 49.885.63
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49 Grand Total of All Approved Bills 3,397,945.13
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53 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
54 purchased,transfers made and bills to be paid, seconded by Councilmember Hutton and on unanimous voice
55 vote the motion was carried.
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57 REMARKS BY CHAIRMAN
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59 None were presented
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61 STREET LIGHT COMMITTEE REPORT
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63 None was presented.
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RP&L Minutes Cont'd
October 16, 1989
Page 2
1 PRESENTATION BY SBDC
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3 Mr.Tom Docherty, representing the Small Business Development Center,told the Board that Mr. Steve Helmich
4 and Ms. Pat Stirn would be addressing the Board to give them an update on the SBDC and to discuss the future
5 of the SBDC with the Board in hopes that support might be given to the SBDC.
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7 Mr. Docherty introduced Mr. Steve Helmich, Executive Director of the Richmond Area Chamber of Commerce.
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9 Mr. Helmich told the Board that in 1987 the Chamber of Commerce was approached by the Indiana Development
10 Corporation about hosting a Small Business Development Center. He said since the idea of a SBDC fit well with
11 the Chamber's beliefs about existing business and industry creating 80%of the new jobs. He said that many
12 Chamber events focused on existing business,but there was no one on one counseling available in the
13 community and that concern has a place in economic development in the community.
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15 Mr. Helmich stated that with the kinds of activities and success of the SBDC it is evident that they are addressing
16 the needs of existing business in the community. Mr. Helmich shared some of the success stories with the Board
17 of assisting existing businesses and the fact that they have also assisted 20 new businesses.
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19 Ms. Pat Director, Director of the Small Business Development Center,told the Board that the mission of the
20 Center is to increase the success rate of new business and contribute to the growth rate of existing business.
21 She explained that 50%of their funding is from the Small Business Administration and the balance is raised
22 locally. She said that the budget for 1988 was 68,000. and for 1989 it was 95,000.with the increase for 1990
23 being to 135,000.
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25 Ms. Stirn said with the additional funds in 1990 they would be able to add an assistant director to increase their
26 services. Ms.Stirn told the Board they were at 120%of their planned objectives for 1989 serving 142 case
27 clients. Ms. Stirn added that the 1990 objective would be 225 case clients to provide services on a continuing and
28 on going basis with business in the start up stage and to help existing businesses expand and grow.
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30 Ms. Stirn said they also provide training along with the one on one counseling and have available a business
31 resource library and assist with referrals.
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33 Ms. Stirn requested the Board of Directors of Richmond Power&Light to approve a request for 10,000.to the
34 SBDC for the 1990 budget to assist with the required funds to match the SBA dollars. Ms. Stirn said the SBDC is
35 one of fourteen existing in Indiana.
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37 Councilmember Elstro asked what other utilities would be contributing to the SBDC and Ms. Stirn said that
38 General Telephone had pledged 5,000.,the water and gas utilities had pledged 1,000. each and REMC had
39 pledged 2,000.
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41 Mr. Huffman asked if they had approached the Public Service Company of Indiana and Ms. Stirn said they will be
42 meeting with them and will make a request for support for the 1991 budget.
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44 Mr. Huffman expressed his concerns with using the dollars of the rate payers of the City of Richmond to subsidize
45 activities in the entire county area.
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47 Councilmember Hutton stated that the County would be giving 40,000.to cover the rest of the county.
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49 Chairman McBride commented that if the efforts of the SBDC are successful, RP&L would see a return on their
50 investment.
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52 Ms.Stirn stated that one new plant they worked with and four expansions were in the RP&L service area.
53
54 Councilmember Morris stated that the SBDC is the only local agency assisting existing business and with the
55 figure of 80%of the growth coming from existing business, local support is needed. She said electric utilities all
56 over the country have recognized the need for economic development activities.
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58 Councilmember Brookbank moved to support the SBDC for 1990 in the amount of 10,000. The motion was
59 seconded by Councilmember Morris.
60
61 Prior to call for the vote, Councilmember Parker stated that he had no problem with the request, but felt there
62 should be further discussion in more detail and the vote should not be held tonight.
63 . .
64 Councilmember Hankinson agreed with Councilmember Parker.
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RP&L Minutes Cont'd
October 16, 1989
Page 3
1 Councilmember Hutton suggested that the Board could vote at the meeting of the Executive Board scheduled for
2 October 23, 1989.
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4 Councilmember Elstro agreed that it should be further discussed.
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6 Chairman McBride asked that a representative be in attendance at that meeting.
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8 Mr. Huffman also requested that a list of donors and pledges be provided for the Board.
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10 REPORT BY GENERAL MANAGER
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12 Mr. Huffman reported that the stack is a go situation for Unit 2 to be brought in and they hope to have it on line
13 next week and then cut Unit 1 into the stack after that. Mr. Huffman explained that the new stack will change the
14 draft characteristics since the height is at 300 ft. He told the Board that to start up the boiler to bring the units into
15 the stack they will be using oil fuel which will create a black smoke for a six to eight hour period until they can get
16 the boiler on line and use coal. Mr. Huffman said this change over is by design and permit in order to get the
17 boiler stabilized and get the coal involved.
18
19 Chairman McBride commented on progress on the Salisbury Road substation and Mr. Huffman said they are
20 trying to progress and be good neighbors in that area.
21
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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31 Don McBride, Chairman
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36 ATTEST:
37 Mary Merchanthouse, City Clerk
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