HomeMy Public PortalAbout12-03-1984 •
PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOA.IU)
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER
& LIGHT PLANT, DECEMBER 3,1984
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 :
3 regular session December 3, 1984 at the hour of 7:00 P.M. in the Municipal
4 Building in said City. Chairman Whitesell presided with the following
5 members present: Councilpersons Elstro, Williams, Brookbank, Bodiker,
6 Lemoine and Morris. Absent: Hankinson and Parker. The following
7 business was had to-wit:
8
9 APPROVAL OF MINUTES OF NOVEMBER 19,1984
10
11 Councilperson Williams moved to approve the minutes of the previous meeting
12 as prepared, seconded by Councilperson Brookbank and on uanimous 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 for 11/16/84 145,521.21
23
24 Transfers from Cash Operating Fund to:
25 Utility Bond Sinking Fund 69,688.53
26 Depreciation Reserve Fund 91,000.00
27 Cash Reserve Fund 285,884.00
28 Total Transfers 446,572.53
29
30 Investments Purchased from:
31 Depreciation Reserve Fund 185,566.00
32 Cash Operating Fund 938,427.47
33 Utility Bond Sinking Fund 139,377.08
34 Cash Reserve Fund 382,003.45
35 Consumer Deposit Fund 50,000.00 •
36 Total Investments 1,695,374.00
37
38 Miscellaneous Bills Already Paid 796,491.07
39
40 Total Bills Already Paid 3,083,958.81
41
42 Councilperson Bodiker moved to approve bills not paid in the amount of
43 642,099.59 for payment, seconded by Councilperson Lemoine and on unanimous
44 voice vote the motion was carried.
45 •
46 Grand total of all approved bills is 3,726,058.40.
47
48 REPORT BY CHAIRMAN •
49
50 Chairman Whitesell reminded the Board members of the work session on
51 December 5, 1984 at 7:00 P.M. at the Service Building for the 1985 budget.
52
53 The next regular meeting will be prior to the _Council Meeting on December
54 17, 1984 at 7:00 P.M.
55
56 REPORT BY GENERAL MANAGER •
57
58 General Manager Huffman told the Board of Directors that at the next
59 meeting he hoped to have some information concerning the adjustment of
60 the rate tracker regarding getting that corrected since there was a flaw
61 in the credit back from IMPA in the formula being used.
62
63 ' Mr. Huffman stated that Indiana and Michigan Electric Company has apparently
64 settled and the Public Service Commission has accepted the settlement
65 offer in the retail case and the 'settlement offer in turn will set a
RP&L Minutes Cont'd
December 3, 1984
Page 2
1 standard in the wholesale rate and hopefully something will be settled in
2 the wholesale rate later this month.
3
4 Chairman Whitesell asked Mr. Huffman about the problems with Condensor Unit
5 #1. Mr. Huffman stated that they hope to be able to get by until spring before
6 having to retube this unit, but they are going to purchase the tubes and have
7 them on hand in case they need them sooner. The Boiler Inspectors are now
8 looking at the unit and it will be brought on line tonight due to the cold
9 weather.
10
11 Chairman Whitesell asked Mr. Huffman about the progress of the substation
12 and Mr. Huffman replied that they are grading the area and hope to be able
13 to have the concrete bases poured and cured before extreme bad weather in
14 order to continue construction through the winter months.
15
16 Councilperson Lemoine asked Mr. Huffman if RP&L was continuing to visit officials
17 of local business and industry explaining the rate increases and Mr. Huffman
18 explained that they will continue to meet with these officials and that currently
19 they are going. over the flaw in the contract with rate tracking and will be
20 back with these officials to explain the contract and credit:on overpayment.
21
22 Chairman Whitesell asked the City Attorney to arrange a meeting with the Board
23 of Works, himself anithe RP&L Board of Directors for an update on the Cable
24 TV status.
25
26 Chairman Whitesell welcomed the Richmond and Centerville government students
27 in the audience and explained the role the Council plays as the Board of Directors
28 of Richmond Power & Light and invited them to remain for the meeting of the
29 Common Council.
30
31 ADJOURNMENT
32
33 There being no further business, on a motion duly made, seconded and passed
34 the meeting was adjourned.
35
36 Terry Whitesell
37 Chairman
38
39 ATTEST: Mary Merchanthouse
40 City Clerk
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