HomeMy Public PortalAbout10-02-1989 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 2. 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 September 18, 1989 at the hour of 7:00 P.M. in the
3 Municipal Building in said City. Chairman McBride presided with the following Councilmembers in attendance:
4 Elstro, Lundy, Brookbank, Hankinson, Parker, Hutton, Morris and Paust. Absent: None. The following
5 business was had to-wit:
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7 APPROVAL OF MINUTES OF SEPTEMBER 18.1989
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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 186,390.64
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19 Investments Purchased :
20 Cash Operating Fund 2,475,500.00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund .00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund 137.500 00
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27 Total Investments 2,613,000.00
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29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund 960,758.16.
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32 Transfers from Utility Bond Reserve Fund to;
33 Bond Sinking Fund .00
34
35 Transfers from Cash Operating :
36 Bond Sinking Fund .00
37 Cash Reserve Fund 137,500.00
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 1,121,231.73
47 Total Bills Not Paid 1.172254.15
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49 Grand Total of All Approved Bills 5,799,161.65
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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 Hankinson and on unanimous voice
55 vote the motion was carried.
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57 REMARKS BY CHAIRMAN
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59 Chairman McBride expressed his concerns with the quibbling at the recent Executive Board meeting over a few
60 hundred dollars,when they gave the General Manager a vote of confidence by allowing him to spend 6,000,000.
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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
October 2, 1989
Page 2
1 REPORT BY GENERAL MANAGER
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3 Mr. Huffman reported that next week they would be cutting Unit#2 into the new stack and follow up with Unit#1 in
4 a couple of weeks.
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6 Mr. Huffman spoke of the IMPA organization and the key role that Richmond Power&Light plays. He said the
7 general manager of IMPA has expressed his gratitude for the forward thinking of Richmond Power&Light.
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9 Mr.Huffman explained that IMPA had proven to be beneficial and was establish properly from the beginning of
10 the organization after a three year effort to get IMPA going.
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12 Mr.Huffman asked if there were questions of the Board and Chairman McBride asked about the progress on the
13 sub-station on Salisbury Road.
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15 Mr.Huffman said they have had some problems keeping the contractors on the job and that much of RP&L's
16 manpower is spread on other priority project such as East Main. He they are treating the work on the sub-station
17 as a second job behind other priorities, since they do like to do as much in house work as possible.
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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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28 Don McBride, Chairman
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33 ATTEST:
34 Mary Merchanthouse, City Clerk
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