HomeMy Public PortalAbout12-17-1984 •
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 17, 1984
1 The Common Council of the City of Richmond, Indiana, serving as a Board
2 in 'charge of the operation of the Richmond Power & Light Plant, met in
3 regular session December 17, 1984 at the hour of 7:00 P.M. in the Municipal
4 Building in said City. Chairman Whitesell presided with the following members
III5 present: Councilpersons Elstro, Williams, Brookbank, Hankinson, Parker,
6 Bodiker, Lemoine and Morris. Absent: None. The following business was
7 had to-wit:
8
9 APPROVAL OF MINUTES OF DECEMBER 3, 1984
10 ,
11 Councilperson;. Hankinson moved to approve the minutes of the previous meeting
12 as prepared, seconded by Councilperson Brookbank and on unanimous voice
13 vote the motion was carried.
14
15 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS '
16 .
17 Councilperson Bodiker moved to approve the following bills already paid,
18 transfers made and investments purchased, seconded by Councilperson Lemoine
19 and on unanimous voice vote the motion was carried.
20
21 Bills Already Paid:
22 Payroll and deductions 11/30/84 150,095.38
23
24 Transfers from Cash Operating Fund to:
25 Cash Reserve Fund 58,200.00
26 Utility Bond Sinking Fund 69,688.53
27 Total Transfers 127,888.53
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29 Investments Purchased from:
30 Cash Operating Fund 435,622.9.3
31 Utility Bond Sinking Fund 139,377.07 •
32 Total Investments 575,000.00
33
34 Payment to City of Richmond per .
35 Resolution No. 3-1984 58,200.00
36
37 Miscellaneous Bills Already Paid 107,017.75
38
39 Total Bills Already Paid 1,018,201.66
40 •
41 Councilperson Bodiker moved to approve bills not paid in the amount of
42 331,529.37, seconded by Councilperson Lemoine and on unanimous voice vote
43 the motion was carried.
44
45 Grand total of all approved bills is 1,349,731.03.
46 .
47 REMARKS BY CHAIRMAN '
48
49 Chairman Whitesell reminded the Board that the next regular meeting will
50 be prior to the Council meeting on January 7,1985. The election of officers
• 51 for 1985 will be held at 6:55 P.M. in the Council Chambers on January 7,
52 1985 and the regular meeting of the Board of Directors will convene at 7:00
53 P.M. on January 7, 1985.
III 54
55 REPORT BY GENERAL MANAGER
56
57 1985 Budget
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59 General Manager Huffman presented the 1985 Budget .for approval and stated
60 that budgets are meaningful projections on the number of customers and power
61 useage. Mr. Huffman stated that the 1985 budget was broken down in greater
62 detail than in the past. Mr. Huffman commented that all budget items may
63 not get purchased, but they are included in the budget as acqisitions Richmond
64 Power & Light would like to make during that budget year. .
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RP&L Minutes Cont'd
December 17, 1984
Page 2
1 Chairman Whitesell stated that the budget is an operational guide and
2 that there will be changes made as the year progresses, but that it establishes
3 a general operational plan.
4 •
5. Councilperson Hankinson moved to approve the 1985 Budget as presented,
6 seconded by Councilperson Williams and on unanimous voice vote the motion
7 was carried.
8
9 Approval to purchase 1 - 20 MW Transformer
10
•
11 General Manager Huffman told the Board that Richmond Power & Light currently
12 has all five (5) of their transformers in service and that an option remains
13 to purchase a 20 MVA Transformer from the upgrading of the Shawnee Substation
14 upgrading. Mr. Huffman feels it is prudent to exercise this option to
15 purchase or to receive quotes from suppliers and make a price comparison
16 against the option to purchase. The transformer would then be available
17 for expansion or backup. The lead time on the purchase of a transformer
18 is usually one (1) year and the option runs out before the end of 1984.
19 Mr. Huffman asked authority from the Board to purchase a 20 MVA Transformer
20 either by exercising the option to purchase or purchase from another supplier
21 depending on the lowest price available.
22
23 Councilperson Hankinson moved to authorize the purchase of one (1) 20
24 MVA Transformer as budgeted in 1985 per the lowest price either from a
25 supplier or by exercising the option to purchase, seconded by Councilperson
26 Elstro and on unanimous voice vote the motion was carried.
27
28 Seasons Greetings Exchanged
29
30 General Manager Huffman expressed the greetings of the season from himself
31 and the employees of RP&L to the Board of Directors. Chairman Whitesell
32 asked Mr. Huffman to extend the Board's best wishes to the employees of
33 RP&L.
34
35 ADJOURNMENT
36
37 There being no further business on a motion duly made, seconded and passed
38 the meeting was adjourned.
39
40 Terry Whitesell
41 Chairman of the Board
42
43 ATTEST: Mary Merchanthouse
44 City Clerk
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