HomeMy Public PortalAbout09-03-1985 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER
& LICE PLANT, SEPTEMBER 3, 1985
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of
2 the operation of the Richmond Power & Light Plant, met in regular session September
3 3, 1985 at the hour of 7:00 P.M. in the Municipal Building in said City.
11/ 4 Chairperson Morris presided with the following members present: Councilmembers
5 Elstro, Williams, Hankinson, Whitesell, Parker, Lemoine and Bodiker. Absent:
6 Brookbank. The following business was had to-wit:
7
8 APPROVAL OF MINUTES OF AUGUST 19, 1985
9
10 Councilmelnber Hankinson moved to approve the minutes of the previous meeting as
11 prepared, seconded by Councilmember Williams and on unanimous voice vote the
12 motion was carried.
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14 APPROVAL OF BilTS, TRANSFERS AND INVESTMENTS
15
16 Councilmember Whitesell reported the Finance Canmittee had looked over the bills
17 already paid, transfers made and investments purchased and he moved they be approved
18 as follows, seconded by Councilmember Hankinson and on unanimous voice vote the
19 motion was carried.
20
21 Bills Already Paid:
22 Payroll and Deductions 8/23/85 155,537.01
23
24 Transfers fran Cash Operating Fund to:
25 Utility Bond Sinking Fund 70,688.54
26 . Depreciation Reserve Fund 9,1,000.00
27 Cash Reserve Fund 144,094.50
28 Total Transfers 305,783.04 .
III 29 .
30 Investments Purchased fran:
31 Depreciation Reserve Fund 3,416,649.00
32 Cash Operating Fund 1,997,250.00
33 Utility Bond Sinking Fund 120,688.54
34 Cash Reserve Fund 94,459.00
35 Total 5,966,857.54
36
37 BOnd Interest and Principal 1,625.00
38
39 Miscellaneous Bills Already paid 732,692.63
40
41 Total Bills Already Paid 7,162,495.22
42
43 Councilmember Whitesell stated the Finance Canmittee had examined the bills not
44 paid in the amount of 547,239.47 and moved they be approved for payment, seconded
45 by Councilmemer Hankinson and on unanimous voice vote the motion was carried._
46
47 Grand total of all approved bills was 7,709,734.69.
48
49 RFRKS BY CHAIRPERSON
50 •
51 Chairperson Morris reminded the Board of the regular monthly meeting of the Executive
52 Board at the RP&L Service Building at 7:00 P.M. on September 23, 1985. Agenda
53 items should be submitted by September 18, 1985.
54
55 STREET LIGHT COMMITTEE
56
57 Councilmember Elstro reported that he and Councilmember Parker would be inspecting
58 the alley lights on the list presented by the General Manager and would a
59 recommendation to the Board with the final decision resting the the Board as a
60 whole.
61
62 In response to Councilmember Williams, Chairperson Morris explained these lights were
63 carry over alley lights and the city was not now lighting alleys.
64
65
RP&L Minutes Cont'd
September 3, 1985
Page 2
1 REPORT BY GENERAL MANAGER
2
3 General Manager Huffman informed the Board that the Environmental Energy Research
4 Corporation was interested in using the 60 Megawatt boiler at RP&L for research
5 in the injections of different absorbants into the boiler to see the affect
6 on their absorption of SO2 gases. Mr. Huffman stated they were interested
7 in this boiler since it is a small T-fired boiler. The EER would submit a bid
8 on the project to' the EPA and it would be a two (2) to three (3) year research
9 program.
10
11 Mr. Huffman told the Board that the benefit to RP&L would be that they could end up
12 with the hardware on the boiler used in the reasearch to reduce SO2 at no
13 expense to RP&L. Mr. Huffman stated that before EER would be allowed to use the
14 boiler, a proper contract would be drawn up with the input of the Board to assure
15 that any lose of production on the boiler was reimbursed along with all other
16 expenses incurred in dealing with the boiler. Mr. Huffman said this research would
17 also be a help to the industry.
18
19 Mr. Huffman stated that he has talked with EER and if they are the successful bidder
20 on the research project he wants to make certain they know RP&L is interested in
21 the project.
22
23 Councilmember Bodiker asked if this would affect the rate and Mr. Huffman said it
24 would not.
25
26 Mr. Huffman stated he would ultimately need the approval of the Board and he wanted
27 them to be aware of what they are working on for the future.
28
29 Chairperson Morris asked if there was any risk factor to the equipment at RP&L
30 and Mr. Huffman said they would have to be careful that it would not coat the
31 tubes or that there would not be slagging of the upper passes. He said all of
32 this would be covered in a contract prior to allowing use of the boiler.
33
34 NEW BUSINESS
35
36 RESOLUTION NO. 2-1985
37
38 The Clerk read in its entirety Resolution No. 2-1985:
39
40 WHEREAS, the Board of Directors of Richmond Power and Light, a municipally
41 owned electric utility, has certain excess funds in its cash
42 reserves; and
43
44 WHEREAS, the Board of Directors of Richmond Power & Light, acting for itself
45 and as Common Council for the City of Richmond, finds that an
46 emergency exists in the City of Richmond, to-wit: insufficient funds
47 to fund City depaLlment budgets and a nerd to promote economic
48 development within the City;• and
49
50 WHEREAS, a transfer can be made from the cash reserve fund of the municipally
51 owned utility to the General Fund of the City pursuant to I.C.
52 8-1.5-3-11 (c) .
53
54 NOW THEREFORE BE IT RESOLVED by the Cannon Council of the City of Richmond,
55 Indiana acting in its capacity as the Board of Directors of the Richmond
56 Power & Light that:
57
58 A transfer of $137,500.00 be made from the cash reserve fund of
59 RP&L to the City of Richmond, Indiana.
60
61 Councilmember Hankinson moved for the adoption of Resolution No. 2, seconded by
62 Councilmember Elstro and on the following call of the roll the motion was carried.
63
64 Ayes: Elstro, Williams, Hankinson, Whitesell, Parker, Lemoine and Morris (7)
65 Nays: Bodiker (1)
66 Absent: Brookbank (1)
RP&L Minutes Cont'd
September 3, 1985
Page 3
1 ADJOURNMENT
2
3 There being no further business, on a motion duly made, seconded and passed the
meeting was adjourned.
6
7
8 Lynn Nepote Morris, Chairperson
9
10
11 ATTEST:
12 Mary Merchanthouse, City Clerk
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