HomeMy Public PortalAbout12-07-1987 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. DECEMBER 7.1987
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 December 7, 1987 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Hutton presided with the following Councilmembers in attendance: Elstro,
4 Williams, Brookbank, Hankinson, Parker, Morris and Theobald. Absent: Whitesell. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF NOVEMBER 16.1987
8
9 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared,
10 seconded by Councilmember Theobald and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
13
14
15
16 Bills Already Paid
17 Payroll and deductions 11/13&25/87 332,296.80
18
19 Investments Purchased :
20 Cash Operating Fund 1, 150,000.00
21 Bond Sinking Fund 145,210.00
22 Utility Bond Reserve Fund 1,033,543.00
23 Depreciation Reserve Fund 1,781,842.16
24 Cash Reserve Fund .00
25
26 Total Investments 4,110,595.56
27
28 Jransfers from Cash Operating :
29 Bond Sinking Fund 145,210.40
30 Cash Reserve Fund .00
31 Utility Bond Sinking Fund .00
32 Depreciation Reserve Fund .00
33
34 Total Transfers 145,210.00
35
36 Interest Coupons Redeemed .00
37
38
39 Miscellaneous Bills Already Paid 608,077.65
40 Total Bills Not Paid 1,060,332.47
41 _
42 Grand Total of All Approved Bills 6,256,512.88
43
44
45 Upon recommendation of the Finance Committee,Councilmember Hankinson moved to approve the investments
46 purchased,transfers made and bills to be paid,seconded by Councilmember Parker and on unanimous voice vote
47 the motion was carried.
48
49 REMARKS BY CHAIRPERSON
50
51 None.
52
53 UNFINISHED BUSINESS
54
55 None.
56
57 STREET LIGHT COMMITTEE REPORT
58
59 None.
60
61 REPORT BY GENERAL MANAGER
62
63 Mr. Huffman informed the Board that one of the Councilmembers had requested the following motion be placed on
64 the agenda:
65
RP&L Minutes Cont'd
December 7, 1987
Page 2
1 Authorize Richmond Power&Light to initiate all necessary efforts for the purpose of providing Cable T.V.
2 service to interested customers within the RP&L electric service area.
3
4 Chairperson Hutton presented a letter from Councilmember Whitesell,who could not be in attendance, expressing
5 his surprise with the motion being on the agenda and stated he felt that December 21, 1987 was the earliest the
6 Board could vote on the issue. Councilmember Whitesell requested the vote be delayed until that time.
7
8 Councilmember Hankinson stated he agreed with Councilmember Whitesell on delaying the vote and was in favor
9 of additional time for consideration.
10
11 Councilmember Morris also requested the vote be delayed and added she did not understand the haste. She also
12 inquired about the Greater Richmond Progress Committee study.
13
14 Councilmember Parker said he agreed with Councilmembers Morris and Hankinson, but expressed concern with
15 having to wait on any report from the Greater Richmond Progress Committee since they did not intend to issue the
16 report until after the first of 1988. He said he felt the Board should ask any report be submitted to them prior to
17 December 21, 1987 or the Board would not want the input.
18
19 Chairperson Hutton said the report was due to the Executive Committee of the Greater Richmond Progress Com-
20 mittee by January 16, 1988.
21
22 Councilmember Parker said if the Board stays with the decision to vote prior to the end of 1987,they cannot give
23 the opportunity for a report to be issued on January 16, 1988. He said he feels the Board should encourage a re-
24 port prior and give the Greater Richmond Progress Committee some direction on the time.
25
26 Councilmember Williams said he felt the Board had already agreed the issue would be voted on prior to the end of
27 1987 and the decision should not be left to a new Council.
28
29 Councilmember Elstro informed the Board he requested the item be on the agenda and as far as any information
30 they would receive from a lay board,they had already paid a consultant for a report. He said it was the job of this
31 Board to make the decision.
32
33 Councilmember Morris asked Chairperson Hutton to contact the Greater Richmond Progress Committee and let
34 then know the Board desired to vote on the issue prior to the end of 1987.
35
36 Councilmember Hankinson asked what was the purpose of the involvement of the Greater Richmond Progress
37 Committee and how did they get involved as a lay board in making any decisions when Common Council was as-
38 signed those responsibilities.
39
40 Chairperson Hutton explained they only offered more community input and comment on the subject.
41
42 Councilmember Parker moved to vote on the motion to initiate all necessary efforts for providing Cable T.V. at the
43 December 21, 1987 meeting of the Board of Directors of Richmond Power&Light, seconded by Councilmember
44 Morris and on unanimous voice vote the motion was carried.
45
46 ADJOURNMENT
47
48 49 There being no further business, on a motion duly made,seconded and passed the meeting was adjourned.
50
51
52
53 54 Sarah L.Hutton, Chairman
55
56 ATTEST:
57 Mary Merchanthouse, City Clerk
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61 •
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