HomeMy Public PortalAbout08-21-1989 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. AUGUST 21, 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 August 7, 1989 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Vice Chairman Lundy presided with the following Councilmembers in attendance: Elstro,
4 Brookbank, Hankinson, Hutton, Parker Morris and Paust. Absent: McBride. The following business was had
5 to-wit:
6
7 APPROVAL OF MINUTES OF AUGUST 7.1989
8
9 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared,
10 seconded by Councilmember Paust and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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14
15 Bills Already Paid
16 Payroll and deductions 182,189.70
17
18
19 Investments Purchased :
20 Cash Operating Fund .00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund 1,140,054.80
24 Consumer Deposit Fund .00
25 Cash Reserve Fund .00
26
27 Total Investments 1,140,054.80
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29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund .00
31
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 .00
38 Utility Bond Sinking Fund .00
39 Depreciation Reserve Fund .00
40 Total Transfers
41 "
42
43 Revenue Bonds .00
44 Interest Coupons Redeemed 2,100.00
45 Coupons Purchased .00
46 Miscellaneous Bills Already Paid 1,414,099.89
47 Total Bills Not Paid 53.877.50
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49 Grand Total of All Approved Bills 1,467,977.39
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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 None were presented.
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61 STREET LIGHT COMMITTEE REPORT
62
63 None was presented.
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RP&L Minutes Cont'd
August 21, 1989
Page 2
1 REPORT BY GENERAL MANAGER
2
3 Mr. Huffman requested the Board to set September 5, 1989 to receive bids for one 1.5 ton dump truck. He
4 explained the need to replace a 1978 dump with snow blade that was used by the labor department for
5 underground services. He said they would beef up the specifications on springs,transmission and rear end.
6
7 Councilmember Hankinson moved to authorize the General Manager to receive bids for one 1.5 ton dump truck
8 on September 5, 1989, seconded by Councilmember Parker and on unanimous voice vote the motion was
9 carried.
10
11 Councilmember Hankinson asked about the problems with the Howard Apartments and Mr. Huffman said
12 everything was still pending and it is up to the tennants to get together:
13
14 Vice Chairman Lundy commented that she understood the tennants had met and were waiting on a meeting with
15 RP&L.
16
17 ADJOURNMENT
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19 There being no further business,on a motion duly made,seconded and passed the meeting was
20 adjourned.
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26 Etta Lundy, Vice Chairman
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31 ATTEST:
32 Mary Merchanthouse, City Clerk
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