HomeMy Public PortalAbout07-03-1989 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. JULY 3. 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 June 19, 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, Hutton, Morris and Paust. Absent: Parker. The following business was had
5 to-wit:
6
7 APPROVAL OF MINUTES OF JUNE 19.1989
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9 Councilmember Brookbank 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 182,855.95
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18
19 Investments Purchased :
20 Cash Operating Fund 1,175,000.00
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 412,500.00
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27 Total Investments 1,587,500.00
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29 Transfers from Depreciation Reserve:
30 Cash Operating Fund 2,810,554.79
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32 Transfers from Cash Operating
33 Bond Sinking Fund .00
34 Cash Reserve Fund 412,500.00
35 Utility Bond Sinking Fund .00
36 Depreciation Reserve Fund ,Q_Q
37 Total Transfers 412,500.00
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39
40 Revenue Bonds .00
41 Interest Coupons Redeemed .00
42 Coupons Purchased .00
43 Miscellaneous Bills Already Paid 933,789.05
44 Total Bills Not Paid 1.328.547.97
45
46 Grand Total of Ail Approved Bills 4,445,192.97
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50 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
51 purchased,transfers made and bills to be paid,seconded by Councilmember Hankinson and on unanimous voice
52 vote the motion was carried.
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54 REMARKS BY CHAIRMAN
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56 None were presented
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58 STREET LIGHT COMMITTEE REPORT
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60 Councilmember Hutton announced that the lights for Commerce Road had been designed and approved by the
61 Committee and will be forwarded to the Board of Works for approval.
62
63 REPORT BY GENERAL MANAGER
64
65 Mr. Huffman,General Manager,informed the Board that the construction of the stack was on target.
RP&L Minutes Cont'd
July 3, 1989
Page 2
1 Comments were also made on the media coverage of the last Board meeting and that it was well done.
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3 ADJOURNMENT
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5 There being no further business,on a motion duly made,seconded and passed the meeting was
6 adjourned.
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12 Don McBride, Chairman
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17 ATTEST:
18 Mary Merchanthouse, City Clerk
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