HomeMy Public PortalAbout10-06-1986 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, OCTOBER 6, 1986
1 The Common Council of the City of Richmond, Indiana, serving as a Board .in charge
2 of the operation of the Richmond Power. & Light Plant, met in regular session October
3 6, 1986 at the hour of 7:00 P.M. in the Municipal Building in said City. Chairman
4 Elstro presided with the following Councilmembers in attendance: Williams,
5 Brookbank, Hankinson, Whitesell, Parker, Bodiker, Hutton and Morris . Absent:
6 None. The following business was had to-wit:
7 .
8 APPROVAL OF MINUTES OF SEPTEMBER 15, 1986
9
1.0 Councilmember Hankinson moved to approve the minutes of the previous meeting as
11 prepared, seconded by Councilmember Brookbank and on unanimous voice vote the
12 motion was carried.
13
14 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS
15
16 Councilmember Parker moved to approve the following bills already paid, transfers
17 made, investments purchased and bills to be paid, seconded by Councilmember Hankinson
18 and on unanimous voice vote the motion was carried.
19
20 Bills Already Paid:
21 Payroll and Deductions 9/_17/86 158,120.87
22
23 Transfers from Cash Operating Fund to:
24 Depreciation Reserve Fund 91,000.00
25 BOnd Sinking Fund 71,521.87
26 Cash Reserve Fund 172,224.00
27 Total Transfers 334,745.87
III 28
29 Investments Purchased From:
30 Cash Operating Fund 1,115,245.86
31 Bond Sinking Fund 179,377.21
32 Cash Reserve Fund 321,392.38
33 Depreciation Reserve Fund 1,616,904.27
34 Total Investments 3,232,919.72
35
36 BOnds and Coupons Redeemed 3,937.50
37
38 Miscellaneous Bills Already Paid 897,318.72
39
40 Total Bills Not Paid 852,488.20
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42 Total Approved Bills 5,479,530.88
43
44 STREET LIGHT COMMITTEE REPORT
45
46 Councilmember Hankinson reported that the petitions presented to the Board of
47 Works had been approved.
48
49 Councilmember Whitesell requested a street light be considered for Keyser Lane.
50
51 REPORT BY GENERAL MANAGER
52
III53 General Manager Huffman informed the Board that successful negotiations had been
54 completed with IBEW Local 1395 for a contract from October 1, 1986 through September
55 30, 1986. He, said there were not many contract changes and there would be a 4%
56 increase in wages each year.
57
58 Councilmember Hankinson moved that the Board of Directors of Richmond Power & Light
59 accepts the agreement ratified by the employees of Richmond Power & Light which
60 provides contract revisions and a specified wage increase effective October 1, 1986
61 and also October 1, 1987, seconded by Councilmember Elstro and on unanimous voice
62 vote the motion was carried.
63
:64 Councilmember Bodiker requested copies of the agreement be forwarded to the Board
65 and Mr. Huffman stated they would be available to the Board upon execution.
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RP&? Minutes COnt'd
October 6, 1986
Page 2
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1 ADJOURNMENT
2 3 There being no further business; on a motion duly made, seconded and passed the
4 meeting was adjourned.
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7 Howard J. Elstro, Chairman
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10 ATTEST:
11 Mary Merchanthouse, City Clerk
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