HomeMy Public PortalAbout08-20-1984 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, AUGUST 20,1984
1 The Common Council .of the City fo Richmond, Indiana, serving as a Board in charge of the
2 operation of the Richmond Power & Light Plant, met 'in regular session August 20, 1984, at
III3 the hour of 7:00 P.M. , in the Municipal Building in said City. Chairman Whitesell presided
4 with the following members in attendance: Councilpersons Elstro, Williams, Brookbank,
5 Hankinson, Bodiker, Lemoine and Morris. , Absent: councilperson Parker. The following
6 business was had to-wit:
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8 APPPROVAL OF MINUTES OF AUGUST 6, 1984
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10 Councilperson Hankinson moved to approve- the minutes of the previous meeting as received,
11 seconded by Councilperson Morris and on unanimous voice vote the motion was carried.
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13 APPPROVAL OF BILLS AND INVESTMENTS
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15 Councilperson Bodiker moved to approve bills already paid, investments purchased and
16 interest and principal payments as follows, seconded by councilperson Hankinson and on
17 unanimous voice vote the motion was carried.
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19 Bills Already Paid: •
20 . Payroll 8/10/84 & deductions' 147,976.71
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22 Investments Purchased from:
23 . Depreciation Reserve Fund ' 5,348,436.00
24 Utility Bond Reserve Fund 125,457.43
25 Cash Operating Fund . 725,881.57 .
26 Cash Reserve Fund 118,390.00
27 Total Investments 6,318,165.00
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29 Utility Bond Interest and Principal Payments . 5,868.75
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31 Miscellaneous Bills Already Paid • 1315646.08
32 Total of Bills Paid • 6,603,656.54 ,
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34 Councilperson Bodiker: moved to approve unpaid bills in the amount of 283,742,36, seconded
35 by Councilperson Hankinson and on unanimous voice vote the motion was carried.
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37 Grand total of all approved bills is 6,887,398.90.
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39 REMARKS BY CHAIRMAN
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41 Chairman Whitesell reminded the Board members that the next meeting would be at the
42 Service Building on August 27, 1984 at 7:00 P.M. -
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44 STREET LIGHT REQUEST
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46 Councilperson Hankinson requested consent of the' council to proceed with a Street Light
47 Request at 318 Cedar Cliff Drive that had been turned in prior , but the petition had
48 been misplaced. By general consent of the Council this request will be considered with-
49 out the petition.
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51 Councilperson Brookbank stated she had received a conplaint regarding the lighting on
52 the promenade and many lights being out. This complaint will be directed to the.Mall
ill53 Maintenance.
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55 REPORT FROM GENERAL MANAGER
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57 Request to receive bids for one (1) 1985 pick-up truck
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59 General Manager Huffman stated they are requesting to receive bids to replace a 1977
60 vehicle in the Meter Department. They would like to go to a small pick up with a cap
61 on the bed and would be using the old vehicle at the generating station rather than
62 trade it in. .
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64 Councilperson Williams moved to set September 4, 1984 at 7:00 P.M. to receive bids for
65 one (1) 1985 pick up trcuk per specifications,seconded by Councilperson Elstro and on a
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RP&L Minutes Cont'd
August 20, 1984
Page 2
1 voice vote with Councilperson Lemoine voting no the motion was carried.
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3 Indiana & Michigan Electric Company Report
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5 General Manager Huffman stated that Indiana & Michigan has filed for rate increases, the
6 first increase being October 7, 1984 at a cost of 650,548.00 to Richmond Power & Light
7 and the second increase effective December 1, 1984 at a cost of 807,022.00 to Richmond
8 Power & Light.
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10 The first increase reflects that Richmond Power & Light's rates are too low compared to
11 equivalent residential rates and the second rate reflects the cost of Unit #1 being put
12 into conunercial operation by I & M . The impact represents approximately a 26% increase
13 to Richmond Power & Light from I&M. The only current that will reflect the increase will
14 be the current purchased from I&M and not that generated by Richmond Power & Light.
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16 Richmond Power & Light through the Indiana Municipal Power Agency will try and intervene
17 in this rate case and negotiate a settlement with I&M and this will probably not be settled
18 until the end of the year.
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20 Mr. Huffman commented that in 1987 with Unit #2 going on line for I&M that another increase
21 can be expected.
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23 Chairman Whitesell stated that he hopes Richmond Power & Light and IMPA vigorously opposes
24 this increase and is successful in defraying any or all of this increase.
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26 ADJOURNMENT
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28 There being no further business on a motion duly made, seconded and passed the meeting was
29 adjourned.
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32 Terry Whitesell
33 Chairman
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35 ATTEST: Mary Merchanthouse
36 City Clerk
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