HomeMy Public PortalAbout12-15-1986 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 15, 1986
1 The Common Council of the City of Richmond, Indiana, serving;asa Board in charge
2 of the operation of the Richmond Power & Light Plant, met in regular session
3 December 15, 1986 at the hour of 7:00 P.M. in the Municipal Building in said
III4 City. Vice Chairman Williams presided with the following Councilmembers present:
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5 Brookbank, Hankinson, Whitesell, Parker, Hutton, Morris and Theobald. Absent:
6 Elstro. The following business was had to—wit:
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8 APPROVAL OF MINUTES OF DECEMBER 1, 1986
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10 Councilmember Hankinson moved to approve the minutes of the previous meeting
11 as prepared, seconded by Councilmember Brookbank and on unanimous voice vote
12 the motion was carried.
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14 APPROVAL OF BILLS AND INVESTMENTS
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16 Upon recommendation of the Finance Committee, Councilmember Parker moved to approve
17 bills already paid, investments purchased and bills to be paid as follows , seconded
18 by Councilmember Hankinson and on unanimous voice vote the motion was carried.
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20 Bills Already Paid
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22 Payroll and deductions 11/26/86 160,489.08
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24 Investments Purchased:
25 Cash Operating Fund 375,000.00
26 Depreciation Reserve Fund 168,742.90
27 Utility Bond Reserve Fund 37,656.32
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III 29 Total Investments 581,399.22
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31 Miscellaneous Bills Already Paid 150,617.54
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33 Total Bills Not Paid 367,589.64
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35 Grand Total of Bills to be Approved 1 ,260,095.48
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37 REMARKS BY CHAIRMAN
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39 Mr. Huffman requested the Board to set a special meeting for December 22, 1986
40 at 12:00 noon at the RP&L Service Building. He said the meeting was in regard
41 to computer equipment purchase prior to the end of the year and a discount offered.
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43 There will be no regular meeting on December 22, 1986.
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45 STREET LIGHT COMMITTEE REPORT
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47 Councilmember Hankinson reported that the survey and drawings for street lights
48 on Keyser Lane had been approved and were ready to be presented to the Board
49 of Public Works and Safety for approval.
50
51 REPORT OF GENERAL MANAGER
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53 Mr. Huffman presented the 1987 Operating Budget to the Board for their approval.
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55 Councilmember Hankinson asked about the unresolved issue of the formula for payment
56 to the City in lieu of taxes and if it would be formalized at a later date.
57 Mr. Huffman said it would and the budget could be adopted with that to be decided
58 later.
59 -
60 Councilmember Hankinson moved to approve the 1987 Budget for Richmond Power &
61 Light as presented subject to the formula for payments to the City in lieu of
62 taxes may be changed at a later date, seconded by Councilmember Whitesell and
63 on a voice vote with Councilmember Morris voting no the motion was carried.
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RP&L Minutes Cont 'd
December 15, 1986
Page 2
1 IMPA - Capacity Purchase Agreement
2
3 Mr. Huffman explained that due to the LIMB Project, it would be adviseable to
4 modify the Capacity Purchase Agreement with IMPA. Mr. Huffman stated that he
5 has made a special agreement with Public Service Company of Indiana to purchase
6 power at a special price (fuel cost) if RP&L's boiler was spoiled by the testing
7 for the LIMB Project. He added that he has also spoken with Indiana and Michigan
8 about purchase of power at special prices if the need would arise.
9
10 Mr. Huffman stated that the agreement would need to be changed to reflect language
11 for the testing and the 80% standard of operating availability of the generating
12 facility.
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14 Mr. Huffman indicated that a new paragraph A.4.d. would be added to the agreement
15 as follows:
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17 d. For the purpose of determining whether any Member's Generating Facility
18 meets the 80% standard of Operating Availability of the Generating
19 Facility called for in Section 4(H) of the Capacity Purchase Agreement,
20 there shall not be taken into account unscheduled outages in such
21 Generating Facility resulting from environmentally related research
22 projects undertaken by such Member for any such Generating Facility
23 provided that the Agency has been able to obtain replacement power and
24 energy at a cost not in excess of such Generating Facility's fuel cost
25 and provided further that the Agency's Board had approved the Member's
26 specified environmentally related research project.
27
28 Councilmember Morris commented that Mr. Huffman was well advised to make these
29 arrangements and she was pleased with the ability to purchase power for such
30 a low cost.
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32 Councilmember Hankinson moved that the RP&L Board of Directors accept the capacity
33 purchase agreement as described in the Operating Committee Proposed Resolution
34 to the Board of Commissioners, and authorize the General Manager to sign the
35 changed agreement, seconded by Councilmember Whitesell and on unanimous voice
36 vote the motion was carried.
37
38 ADJOURNMENT
39
40 There being no further business, on a motion duly made, seconded and passed the
41 meeting was adjourned.
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44 Marion Williams, Vice Chairman
45
46
47 ATTEST:
48 Mary Merchanthouse, City Clerk
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