HomeMy Public PortalAbout07-18-1983 •
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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, JULY 18, 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 July. 18, 1983 at the hour of 7:00 p-m. in the Municipal Building of
4 said City: Chairman Welch presided.with the following members present:
5 Messrs. Elstro, Williams, Ms. Henry, Hankinson, Mills, Parker, Carter and
III 6 Paust. Absent: None. The following business was had, to-wit:
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8 APPROVAL OF MINUTES OF JULY 5, 1983 ../
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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
12 motion was carried.
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14 APPROVAL OF- BILLS, TRANSFERS AND INVESTMENTS .
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16 Councilman Hankinson moved to approve the following bills, transfers and
17 investments as listed on the .agenda, seconded by Councilman•Carter and on
18 unanimous voice vote the motion was carried.
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20 Approve the following:
' 21 Bills in the. amount of 1 ,531,789.36
22 Bonds and Interest Coupons
23 2 Payrolls. . ' . 269,612.56
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25 Transfers from Cash Operating Fund to .
26 Cash Reserve Fund 91,162.75
27 . Bond Sinking Fund 70,423.53.
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29 Transfer from Depreciation Reserve Fund to' -
30 Cash Operating Fund 202,343.95
III 31
32 'Investments Purchased
33 Bond Sinking Fund 140,847.09
34 . Bond Reserve Fund 1,610,728.63
35 Cash Operating Fund 2,384,884.00
36 Cash Reserve Fund 571,657.21
37 Depreciation Reserve Fund 2,571,613.37
38 Consumers Deposit Fund 146,740.00
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40 REPORT BY THE GENERAL MANAGER . .
41 OUTAGE ON FT. WAYNE CIRCUIT SYSTEM
42 .
43 General Manager Irving Huffman reported an outage the other morning in the area
44 north of North "A" to "E" and 4th to 16th Streets. This is fed with the Ft.
45 Wayne circuit. They try to have back ups to all areas. There are. two Ft. Wayne
46 feeders, which come out underground. These are quite old, -probably 40 years.
47 With good history-and maintenance cables have good life, but there is no way of
48 knowing their life expectancy. The determination was to build a small sub-station
49 and 1000' of 3 phase circuit- lines from the Johnson Street sub-station, This was
50 built in 36 hours. It was designed to use as a back up for any 13,800 volts
51 coming from this station. With the use of the SCADA system, weaknesses have been
52 pointed ont and they have been corrected. It also points out other potential
53 weaknesses. The programmer has written a program for studies of the system. He
54 noted they find uses for the SCADA system every day and that .it was a very wise
55 investment by saving problems. He noted next year, they would have to think
56 about getting a new sub-station to relieve the Johnson Street station.
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58 DISTRICT HEATING PROJECT
59 • .
60 Mr. Huffman noted loose ends are being tied up for the district heating project
61 between Richmond State Hospital and Hills. Someone from the state is being
62 contacted concerning negotiations. There have been meetings-with all of the
63 parties involved. He noted it still appears the cost is going to be in the
64 $800,000+ but a final figure is not yet determined. RP&L.has to know they will
RP&L Minutes Cont'd.
July 18, 1983
Page 2
1 recover their money in:a certain amount of time and some return on their
2 investment. So far the project has been. most encouraging and is a tremendous
3 new era for RP&L. If the project shows RP&L cannot get their money back in
4 a prescribed time and a return on their investment, the project should not go.
5 This type project will be .growing from an industrial and.. commercial standpoint,
6 but not residential at this time. Mr. Huffman noted the heat has to be con-
7 verted for Hills to be able •to use it. This is done with heat exchanges.-
8 .
9 Councilman Carter asked the reason for-extremely high operating revenue and high
10 net income for this month. Mr. Huffman explained RP&L is operating on a .882
11 ratio for the operating revnue. These figures include sale to IMPA revenues
12 and it is taken out in purchase power figures. The report will be changed so
13 it cannot be misinterpreted.
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15 ADJOURNMENT
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17 There being no further business on motion duly made, seconded and passed the
18 meeting was adjourned.
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20 Bing Welch
21 Chairman
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23 ATTEST: JoEllen Trimble
24 City Clerk