HomeMy Public PortalAbout09-18-1989 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, SEPTEMBER 18, 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-wa:
6
7 APPROVAL OF MINUTES OF SEPTEMBER 5,1989
8
9 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared,
10 seconded by Councilmember Brookbank and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and deductions 185,075.44
17
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19 Investments Purchased :
20 Cash Operating Fund 1,150,000.00
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 .00
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27 Total Investments 1,150,000.00
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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
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35 Transfers from Cash Operating :
36 Bond Sinking Fund .00
37 Cash Reserve Fund 275,000.00
38 Utility Bond Sinking Fund .00
39 Depreciation Reserve Fund .00
40 Total Transfers
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43 Revenue Bonds 131.25
44 Interest Coupons Redeemed .00
45 Coupons Purchased .00
46 Miscellaneous Bills Already Paid 84,346.91
47 Total Bills Not Paid 121,617.19
48
49 Grand Total of All Approved Bills 1,541,170.79
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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 Paust 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 announced an Executive Session of the Board at 6:30 PM on September 25, 1989 at the
60 Service Building. '
61
62 STREET LIGHT COMMITTEE REPORT
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64 Petitions were presented from the residents between 16th and 17th Streets on Reeveston Road.
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RP&L Minutes Cont'd
September 18, 1989
Page 2
1 REPORT BY GENERAL MANAGER
2
3 Award Bid for One 19901 1/2 Ton Dump Truck
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5 Mr.Huffman recommended that the bid for one 1 1/2 ton dump truck be awarded to Fred First Ford, Inc. at
6 25,300.87 less a trade in allowance of 4,000.00 for a total purchase price of 21,300.87 as the lowest bidder and
7 also meeting specifications. There would be a ninety day delivery on the vehicle.
8
9 Councilmember Morris moved to award the bid for the dump truck to Fred First Ford, Inc. at a purchase price of
10 21,300.87,seconded by Councilme.:ther Hankinson and on a voice vote with Councilmember Brookbank properly
11 abstaining the motion was carried.
12
13 Update on Stack Construction
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15 Mr.Huffman told the Board that some time had been lost due to rain and fumes from the existing stack. He said
16 they feel they are still on target and can go with the planned outage for change over. Mr.Huffman said the liners
17 are being installed and the lights are now on top of the stack with the top half of the stack having been painted.
18 He said the installation of the elevator on the outside is also being done now.
19
20 Chairman McBride asked bout the scrubbing business and IMPA and Mr. Huffman said the proposal had been
21 presented to the Department of Energy,but they did not expect to hear until Christmas time. He said the LIMB
22 project is on hold until they see about the award of this project.
23
24 Mr.Huffman also stated that IMPA has gone to the Federal government to explain the pitfalls of the acid rain
25 legislation and the outcome being a no growth policy for the industry.
26
27 Councilmember Hutton shared an article in the Public Power by Congressman Sharp.
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29 ADJOURNMENT
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31 There being no further business,on a motion duly made,seconded and passed the meeting was
32 adjourned.
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38 Don McBride, Chairman
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43 ATTEST:
44 Mary Merchanthouse, City Clerk
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