HomeMy Public PortalAbout05-04-1981 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, MAY 4, 1981
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 May 4, 1981 at the hour of 7:00 p.m. in the Municipal
4 Building of said City. Chairman Welch presided with the following members
5 present: Messrs. Elstro, Williams, Ahaus, Hankinson, Mills, Parker, Carter
6
7 and Paust. Absent: None. The following business was had, to-wit:
8 APPROVAL OF MINUTES OF APRIL 20, 1981
9
10 Councilman Mills moved to approve the minutes of the previous meeting as
11 prepared, seconded by Councilman Parker and on unanimous voice vote the
12 motion was carried.
13
14 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS PURCHASED
15
16 Councilman Hankinson moved to approve the following bills; transfers and
17 investments purchased, seconded by Councilman Ahaus and on unanimous voice
18 vote the motion was carried:
19
20 Approve the following:
21 Bills in the amount of 923,075.31
22 Bonds and Interest Coupons - 0 -
23 2 Payrolls 228,641.78
24
25 TRANSFERS FROM CASH OPERATING FUND
26 Cash Reserve Fund 66,842.49
27 Depreciation Reserve Fund 91,000.00
28
29 INVESTMENTS PURCHASED
30 * Cash Operating Fund 717,000.00
31 * Short term treasury notes, repurchase agreements, yielding
32 8.0% interest.
33
34 REPORT BY GENERAL MANAGER
35
363,6 General Manager Irving Huffman requested authorization to receive bids for
37 three (3) automobiles at the May 18 meeting. These cars will replace two (2)
38 meter department and one (1) engineering department cars. They will request
39 bids on four cylinder engine cars.
40
41 Councilman Paust so moved, seconded by Councilman Carter and on unanimous
42 voice vote the motion was carried.
43
44 REPORT ON REFUND
45
46 Mr. Huffman stated the final figure has not yet been established for refunding.
47 As soon as the figure becomes available, RP&L will file with the Public Service
48 Commission for a refund for the customers. The refund will be done over a
49 six to eight month period. RP&L's contract with I&M has been confirmed by
50 the Federal Energy Regulatory Commission.
51
52 REPORT ON DEMOLITION OF JOHNSON STREET STATION
53
III 54 The Contractor is on the job at Johnson Street Station and has already
55 demolished a few of the smaller buildings. Mr. Huffman reported he is
56 pleased with the progress they are making.
57
58 REPORT BY CHAIRMAN
59
60 Chairman Welch set the May meeting for Tuesday, May 26 at 7:00 p.m.
61
62 ADJOURNMENT
63
64 There being no further business on motion duly made, seconded and passed
65 the meeting was adjourned.
RP&L Minutes Cont'd.
May 4, 1981
•
Page 2
1 Bing Welch
2 Chairman
3
4 ATTEST: JoEllen Trimble
5 City Clerk /