HomeMy Public PortalAbout12-05-1983 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 5, 1983
1 The Common Council of the City of Richmond, Indiana, serving as a Board in
2 charge of the operation of the Richmond Power &..Light Plant, met in regular
3 session December 5, 1983 at the hour of 7:00 p.m. in the Municipal Building
4 of said City. Chairman Welch presided with the following members present :
5 Messrs. Elstro, Williams, Ms. Henry, Hankinson, Mills, Parker, Carter and
6 Paust. Absent: None. The following business was had, to-wit:
7
8 APPROVAL OF MINUTES OF NOVEMBER 21, 1983
9
10 Councilman Mills moved to approve the minutes of the previous meeting as
11 prepared, seconded by Councilman Paust and on unanimous voice vote the motion
12 was carried.
13
14 APPROVAL OF BILLS
15
16 Councilman Hankinson moved to approve bills in the amount of $585,230.26,
17 seconded by Councilwoman Henry and on unanimous voice vote the motion was
18 carried.
19
20 REPORT BY GENERAL MANAGER
21
22 Council members received a revision of the capital expenditure budget, which
23 was discussed last week, Chairman Welch noted. . The major revision was in the
24 district heating project category E084-001. In the absence of General Manager
25 Irving Huffman, Mr. Delmar Cox, Finance Manager, noted the figures have been
26 changed reflecting this revision and the new total is $3,345,300.
27
28 Councilman Carter stated he will be voting against this budget because he feels,
III29 as in the past, the net profits RP&L will realize this coming year are grossly
30 underestimated. He will be voting against the capital budget because it is
31 grossly overstated.
32
33 ' Councilman Elstro moved for adoption of the operating budget, seconded by
34 Councilman Williams.
35
36 On a call of the roll the following was recorded ;
37 AYES: Elstro, Williams, Henry, Hankinson,
38 Mills, Parker, Paust, Welch (8)
39 NOES: Carter (1)
40
41 Councilman Elstro moved for adoption of the capital expenditure budget,
42 seconded by Councilman Williams and on a call of the roll the following was
43 recorded:
44 AYES: Elstro, Williams, Henry, Hankinson,
45 Mills, Parker, Paust, Welch (8)
46 NOES: Carter (1)
47
48 Mr. Cox stated he feels the operating revenues are a little over optimistic by
49 showing a 5% increase in kilowat hour sales over the last 12 months and a 3%
50 increase in income per kilowat hours over the last 12 months.
51
52 ADJOURNMENT
53
III54 There being no further business on motion duly made, seconded and passed the
55 meeting was adjourned.
56
57 Bing Welch
58 Chairman
59
60 ATTEST: JoEllen Trimble
61 City Clerk