HomeMy Public PortalAbout01-06-1986 - Special Meeting PROCEEDINGS OF A SPECIAL MEETING OF-THE COMMON COUNCTT, OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER
& LIGHT PLANT, JANUARY 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 special session i.
3 January 6, 1986 at the hour of 7:00 P.M. in the Municipal Building in said City.
III 4 The meeting was for the purpose of election of officers for 1986. Chairperson
5 Morris opened the meeting with the following members present: Councilmembers
6 Elstro, Williams, Brookbank, Hankinson, Whitesell, Parker, Bodiker and Lemoine.
7 The following business was had to-wit:
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g STATEMENT BY CHAIRPERSON
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11 Chairperson Morris made the following statement:
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13 This has been a year of compromise for the RP&L Board. These compromises
14 have resulted in accomplishments; however, many are just beginning. Abandoning
. 15 projects in mid-stream and even in the conceptual stage is frustrating at
16 best. I can only hope these projects will be judged on their individual merits
17 and not by trying to glean hidden agendas from them. They have been
18 conceptualized by bright, hard-working people. No one can imagine the many
19 hours of diligent effort Mr. Whitesell and his committee have expended in
20 attempting to redefine the financial policies of this utility. It was through
21 this effort that they determined that they were not equipped with the necessary
22 to coitplete their duties. On that basis alone, Mr. Whitesell recommended
23 that a financial review be initiated and began the arduous task of developing
24 guidelines and searching for a competent firm.
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26 I leave the chair with this utility in an enviable financial posture, but
27 one that can rapidly become tenous without the proper monitoring. For the
III28 second year in a row, barring unforseen meteorlogical variations, the utility
29 will lost money based on operations. This can only be avoided be responsible
30 fiscal spending and policies. The pattern will only be altered by economic
31 growth in this comumunity. • Therefore; it is logical that RP&L continue to
32 be involved in economic development to the utmose degree its resources will
33 reasonably allow. That must be determined by a sound cash management policy,
34 as developed through data derived from a financial review. Thus, the necessity
35 and worth of this project must not be underestimated. It behooves this board
36 to see that the review is accomplished professiosnally and that the utmost
37 cooperation is provided. We owe it to the citizens of this community, who
38 own the utility, to make it the best asset it can be. We also owe
39 accountability to every segment of this community, not just those with whom
40 we agree. Our duty as policy-makers is specifically legislated by state
41 statute. We are moving in that direction. We are met with a tremendous
42 challenge and a wonderful opportunity. My sincerest gratitude goes to those
43 who supported me so well. •
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45 ELECTION OF CBAIRPERSON
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47 Chairperson Morris requested nominations be presented for the office of Chairperson.
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49 Councilmember Parker moved to nominate Councilmember Elstro for Chairperson of
50 Richmond Power & Light Board for 1986. The motion was seconded by Councilmember
51 Hankinson.
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III53 Councilmember Lemoine moved to nominate Councilmonber Morris for Chairperson of
54 Richmond Power & Light Board for 1986. The motion was seconded by Councilmember
55 Brookbank.
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57 There being no further nominations Councilmember Elstro was elected on the following
58 call of the roll:
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60 Councilmember Elstro - Elstro, Councilmember Williams - Elstro, Councilmember Brookbank-
61 Morris, Councilinember Hankinson - Elstro, Councilmember Whitesell - Elstro,
62 Councilmember Parker - Elstro, Councilmember Bodiker - Elstro, Councilmember
63 Lemoine - Norris, Councilmember Morris -. Morris.
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65 Elstro - 6 votes Morris - 3 votes
RP&L Minutes Cont'd
January 6, 1986
Page 2
1 ELECTION OF VICE CHAIRPERSON
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3 Chairperson Elstro requested names be submitted for Vice Chairman of Richmond Power
4 & Light Board of Directors for 1986.
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6 Councilmember Bodiker moved to place the name of Councilmember Williams in
7 nomination for Vice Chairman of RP&L Board. The motion was seconded by Councilmember
8 Hankinson.
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10 Councilmember Hankinson moved to close nominations, seconded by Councilmember Parker
11 and on unanimous voice vote the motion was carried.
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13 Councilmember Williams was elected on a call of the roll with all members voting
14 for Councilmember Williams.
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16 ADJOURNMENT
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18 There being no further business, on a motion duly made, seconded and passed the
19 special meeting of the Richmond Power & Light Board of Directors was adjourned.
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23 Howard J. Elstro, Chairperson
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26 ATTEST:
27 Mary Merchanthouse, City Clerk
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