HomeMy Public PortalAbout12-19-1983 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 19, 1983
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 19, 1983 at the hour of 7:00 p.m. in the Municipal
4 Building of said City. Chairman Welch presided with the following members
III5 present: Messrs. Elstro, Williams, Ms. Henry, Hankinson, Mills; Parker,
6 Carter and Paust. Absent: None. The following business was had, to-wit:
7
8 APPROVAL OF MINUTES OF DECEMBER 5, 1983
9
10 Councilman Hankinson moved to approve the minutes of the previous meeting as
11 published, seconded by Councilman Parker and on unanimous voice vote the motion
12 was carried.
13
14 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS
15
16 Councilman Hankinson moved to approve the bills, transfers and investments pur-
17 chased as follows, seconded by Councilwoman Henry and on unanimous voice vote
18 the motion was carried.
19
20 - Approve the following:
21 Bills in the amount of 1,055,360.05
22 2 Payrolls 276,014.09
23
24 Transfers from Cash Operating Fund:
25 -.Depreciation Reserve Fund 1;,266;000.00
26 Utility Bond Sinking Fund 69,860.00
27 Cash Reserve Fund 93,694.00
28
29 Investments Purchased:
III30 Depreciation Reserve Fund 1,832,577.00
31 Utility Bond Reserve Fund 186,861.00
32 Cash Operating Fund 1,541,189.21
33 Utility Bond Sinking Fund 326,360.00
34 Cash Reserve Fund 461,384.79
35 Consumer Deposit Fund 50,000.00
36
37 REMARKS BY CHAIRMAN
38
39 Chairman Welch announced, the monthly executive meeting of RP&L is cancelled
40 because of the holidays. Chairman Welch noted this is the last meeting of
41 this Board and expressed his appreciation for being involved as Chairman. It
42 has been a most profitable and enlightening experience in City government
42 realizing the decisions that have to be met in order to conduct a large business.
43 From some of these decisions has come the Indiana Municipal Power Agency which
44 will be good for the State of Indiana. RP&L will profit because of the Agency
45 and Richmond will profit because of RP&L. He encouraged the new Board to continue
'46 the direction of RP&L and keep it a strong and viable asset. The personnel and
47 managerial capabilities are in place to make this happen. He wished all RP&L
48 employees Merry Christmas. . and a happy 1984. He stated it has been his pleasure
49 to work with them and will miss the association.
50
51 Councilman Williams stated to the retiring members that they have made tough
52 decisions and have kept this utility sound by conducting business in a business-
53 like manner. This is the best investment the citizens of this community have
54 with rates among the lowest.
55
56 REPORT BY GENERAL MANAGER
57 MODIFICATION #11 TO I&M - RP&L AGREEMENT
58
59 General Manager Irving Huffman noted Modification #11 is attached to the Board's
60 agenda. He noted the proposed modification reduces the firm power take from I&M,
61 provisions in the contract and .a new rate schedule as far as the transmission
62 rate. Councilman Carter requested clarification of the reductions and what it
63 means to RP&L. Mr. Huffman presented figures.
RP&L Minutes Cont'd.
December 19, 1983
Page 2
1 Chairman Welch noted this is an extension of the ongoing contract for another
2 two (2) year period. IMPA wants to get one single contract with I&M and this
3 is the first step toward that goal.
4
5 RESOLUTION NO. 3-1983
6
7 Explaining Resolution No. 3-1983 was Attorney Jim McClarnon who represents
8 IMPA. When Richmond and IMPA first entered into a power sales contract., one
9 requirement was to obtain an assignment or termination of their existing supply
10 arrangements with I&M. I&M refused to let Richmond do this. Ordinance No.
11 33-1982 allowed for treatment of the UM-Richmond agreement as if it had been
12 informally assigned to IMPA. This modification completes paper work that was
13 not able to be done in 1982.
14
15 At Councilman Carter's suggestion, Mr. McClarnon stated the Resolution should
16 be changed;the title to substitute the word"to" with "with".
17
18 This resolution (1) assign the 1977 interconnection agreement and modifications
19 1 through 10 with I&M to IMPA. The Mayor will execute, this by signing Exhibit
20 A (2) authorize the Mayor to sign the acceptance and agreement and (3) complete
21 what should have been done in 1982.
22
23 Councilman Carter moved to change "to" to "with" in the title of Resolution
24 No. 3--1983, seconded by Councilman Mills and on unanimous voice vote the motion
25 was carried.
26
27 Councilman Hankinson moved for approval of Modification #11, seconded by Council-
28 man Mills and on a call of the roll the following was recorded: Ayes: Elstro,
29 Williams, Henry, Hankinson, Parker, Carter, Paust, Mills, Welch (9) . Noes:
30 None (0) . The vote being 9 to 0 in favor of the Modification.
31
32 Councilman Hankinson moved for approval of Resolution No. 3-1983, seconded by
33 Councilman Mills and on a call of the roll the following was recorded: Ayes:
34 Elstro, Williams, Henry, Hankinson, Parker, Carter, Paust, Mills, Welch. (9) .
35 Noes; None (0) The vote being 9 to 0 in favor of the Resolution.
36
37 Mr. Huffman stated losing five (5) experienced Board members will have an
38 impact on the utility for awhile. This group has gone through a time period
39 of the formation of IMPA with their foresightedness and action. If Richmond
40 was not a part of IMPA, there would not be an IMPA. This will make RP&L a
41 much stronger utility. This Board has allowed RP&L to run a successful utility
42 unrivaled by anyone. He thanked the Board for a job well done. He wished
43 everyone a Merry Christmas and happy and prosperous new year.
44
45 Councilman Hankinson stated it has been a distinct pleasure to work with the
46 five (5) people who will be leaving this group.
47
48 ADJOURNMENT
49
50 There being no further business on motion duly made, seconded and passed the
51 meeting was adjourned.
52
53 . Bing Welch
54 Chairman
55 .
56 ATTEST: JoEllen Trimble
57 City Clerk