HomeMy Public PortalAbout03-21-1988 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. MARCH 21. 1988
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 March 21, 1988 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Williams presided with the following Councilmembers in attendance: Brookbank,
4 McBride,Parker, Hutton, Morris and Paust. Absent: Hankinson. The following business was had to-wit:
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6 APPROVAL OF MINUTES OF March 7, 1988
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8 Councilmember Morris moved to approve the minutes of the previous meeting as prepared,
9 seconded by Councilmember Hutton and on unanimous voice vote the motion was carried.
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11 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and deductions 2/5/88 168,805.54
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18 Investments Purchased :
19 Cash Operating Fund 575,000.00
20 Depreciation Reserve Fund 1.799.316.74
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23 Total Investments , 2,374,316.74
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25 Transfers from Cash Operating
26 Cash Reserve Fund 335.00
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28 Total Transfers 335.00
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30 Bonds& Coupons Redeemed 262.50
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33 Miscellaneous Bills Already Paid 84.726.27
34 Total Bills Already Paid 2,628,446.05
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37 Upon recommendation of the Finance Committee,Councilmember Hutton moved to approve the investments
38 purchased,transfers made and bills to be paid,seconded by Councilmember Elstro and on unanimous voice vote
39 the motion was carried.
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41 REMARKS BY CHAIRMAN
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43 Chairman Williams reminded board members of the next meeting at the service building on March 28, 1988 at 7:00
44 P.M.
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46 UNFINISHED BUSINESS
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48 None.
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50 STREET LIGHT COMMITTEE REPORT
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52 Councilmember Morris presented a request for Canterbury Trail in Meadow Park.This was referred to the Board of
53 Public Works and Safety.
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55 REPORT BY GENERAL MANAGER
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57 Mr.Huffmam reported to the Board that after recent discussion with the firm of Black and Veach that the location
58 of the new stack will be located on the east side of the present structure. This will allow for more options.
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60 NEW BUSINESS
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RP&L Minutes Cont'd
March 21, 1988
Page 2
1 RESOLUTION NO. 1-1988
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3 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE RICHMOND POWER AND LIGHT TO TRANSFER
4 CERTAIN FUNDS TO THE GENERAL FUND OF THE CITY OF RICHMOND, INDIANA.
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6 Councilmember Elstro questioned Mr. Huffman asking if the funds have been transfered yet. Mr. Huffman re-
7 sponed that the transfer cannot be made without a Resulution.
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9 Councilmember Elstro made a motion to adopt Resolution No. 1-1988, seconded by councilmember Hutton and
10 on a unanimous voice vote the motion was carried.
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12 ADJOURNMENT
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14 There being no further business,on a motion duly made,seconded and passed the meeting was adjourned.
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20 Marion Williams, Chairman
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22 ATTEST:
23 Carol Brady,Deputy City Clerk
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