HomeMy Public PortalAbout01-05-1981 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, JANUARY 5, 1981
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 January 5, 1981 at the hour of 7 :00 p.m. in the Municipal Building
4 in said City. Chairman Ahaus presided with the following members present:
5 Messrs. Elstro, Williams, Hankinson, Welch, Parker, Carter, Mills and Paust.
III 6 Absent: None. The following business was had, to-wit:
7
8 ELECTION OF CHAIRMAN AND VICE CHAIRMAN
9
10 Chairman Ahaus announced election of Chairman and Vice Chairman for RP&L
11 for the year 1981. Councilman Paust nominated Bing Welch for Chairman,
12 seconded by Councilman Carter. Councilman Mills moved the nominations be
13 closed, seconded by Councilman Paust and on unanimous voice vote the motion
14 was carried. Councilman Mills moved for a unanimous vote for Bing Welch
15 for Chairman, seconded by Councilman Hankinson and on unanimous voice vote
16 the motion was carried.
17
18 Chairman Welch assumed the chair. Chairman Welch announced nominations are
19 open for Vice Chairman of RP&L for the year 1981. Councilman Ahaus nominated
20 Jim Hankinson, seconded by Councilman Mills. Councilman Mills moved the
21 nominations be closed, seconded by Councilman Carter and on unanimous voice
22 vote the motion was carried. Councilman Mills moved for a unanimous vote
23 for Jim Hankinson for Vice Chairman, seconded by Councilman Paust and on
24 unanimous voice vote the motion was carried.
25
26 APPROVAL OF MINUTES OF PREVIOUS MEETING
27
28 Councilman Hankinson moved the minutes of the previous meeting be approved
29 as prepared, seconded by Councilman Parker and on unanimous voice vote the
30 motion was carried.
31
32 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS
33
34 Mr. Carter moved to approve the following bills, transfers and investments
35 as on the agenda presented this evening, seconded by Councilman Hankinson
36 and on unanimous voice vote the motion was carried.
37
38 APPROVE THE FOLLOWING:
39 Bills in the amount of 466,255.91
40 Bonds and 'Interest Coupons 21,280.00
41 1 Payroll 113,870.01
42
43 TRANSFER FROM DEPRECIATION RESERVE FUND TO:
44 Cash Operating Fund 120,434.88
45
46 INVESTMENTS PURCHASED
47 * Cash Operating Fund 1,120,000.00
48 ** Cash Reserve Fund 273,415.27
49 * Bond Sinking Fund 65,865.42
50 ** Depreciation Reserve Fund 980,262.07
51-
52 Short term investments, yielding 8.5 and 16.% interest
53 ** C.D. 's and U.S. Treasury Notes (repurchase agreement) yielding
54 8.5 to 15.375% interest
55
56 REMARKS BY CHAIRMAN
57
58 Chairman Welch stated he accepts the responsibility of Chairman gladly and
59 will try to do a good job in the coming year. He praised Councilman Ahaus
60 for the terrific job he has done for the last five (5) years as Chairman.
61
62 REPORT FROM STREET LIGHT COMMITTEE
63
64 Chairman Mills reported the Street Light Committee is still studying the
65 Hibberd Drive and South "0" area and it is their feeling that two (2) more
RP&L Minutes Cont'd..
January 5, 1981
Page 2
1 lights are still needed in the area. They are also studying a request for
2 lights on N. W. 6th by Interfaith and are waiting for a report on this
3 request from Bob Rees.
4
5 REPORT BY GENERAL MANAGER
6 AWARD TRANSFORMER BID
7
8 Mr. Huffman presented the attached transformer bid evaluation and tabulation.
9 He noted RP&L does not expect to purchase all of thses transformers and there
10 may be some quantity adjustments. Pages one (1) and two (2) are the apparent
11 low bidders with their bid amounts. He recommended purchasing per prices
12 shown on these pages to the lowest and best bidders.
13
14 Chairman Welch announced the Chair would entertain a motion to accept the
15 quotations and evaluations by the Engineering staff. Councilman Williams so
16 moved, seconded by Councilman Carter and on a call of the roll the following
17 was recorded: Ayes: Elstro, Williams, Paust, Hankinson, Ahaus, Parker, Carter,
18 Mills and Welch. Noes: none. The vote being nine (9) to zero (0) in favor of
19 passage of the motion.
20
21 I&M REPORT
22
23 I&M and RP&L have worked out a settlement agreement, which has been filed with
24 the Federal Energy Regulatory Commission for their approval. It was hoped that
25 since both parties agreed to the agreement that FERC would act quickly on the
26 agreement. However, FERC has asked to have data presented and they will present
27 data before reviewing all submitted data later this month. It will be the middle
28 of February before the FERC approves the settlement agreement. On December 25
29 the Commission suspended for one day the new rate schedule which I&M had applied
30 for so any monies collected for overcharges will be refunded with interest. In
31 all probability the rate settlement will be made retroactive.
32
33 DISTRICT HEATING SUPPORT RESOLUTION
34
35 The following resolution was presented by Ms. Ann Cline, Director of CCEMP.
36
37 RESOLUTION OF THE COMMON COUNCIL
38 OF THE CITY OF RICHMOND
39 SERVING AS THE BOARD-IN-CHARGE OF
40 THE MUNICIPAL ELECTRIC UTILITY SYSTEM
41
42 A RESOLUTION SUPPORTING AN APPLICATION FOR FUNDS TO ASSESS THE POTENTIAL
43 OF DISTRICT HEATING AND COOLING SYSTEM PROJECTS FOR RICHMOND.
44
45 WHEREAS, RICHMOND POWER AND LIGHT is a municipally owned and operated
46 public utility; and
47
48 WHEREAS, the City of Richmond supports a Comprehensive Community Energy
49 Management Program; and
50
51 WHEREAS, RICHMOND POWER AND LIGHT and the City of Richmond's Comprehen-
52 sive Community Energy Management Program have identified locally produced
53 thermal energy as a potential local resource worthy of investigation.
54
55 NOW THEREFORE BE IT RESOLVED BY THE BOARD-IN-CHARGE OF THE RICHMOND
56 POWER AND LIGHT, RICHMOND, INDIANA:
57
58 That this Board supports the application for funds to assess the
59 potential of District Heating and Cooling System Projects for Richmond
6011/
61 PASSED AND ADOPTED by the Common Council of the City of Richmond,
62 Indiana, serving as the Board-In-Charge of the municipal electric
63 utility system, this 5th day of January, 1981.
RP&L Minutes Cont'd.
January 5, 1981
Page 3
1 COMMON COUNCIL OF THE CITY OF
2 RICHMOND, INDIANA, BOARD IN
3 CHARGE OF ITS MUNICIPAL ELECTRIC
4 SYSTEM
5
6 By /s/. Howard J. Elstro
7 /s/ Marion J. Williams
8 /s/ Kenneth Paust
9 /s/ James H. Hankinson
III 10 /s/ Bing Welch
11 /s/ Fredric A. Ahaus
12 /s/ Larry L. Parker
13 /s/ James E. Carter
14 /s/ . Kenneth Mills
15
16 ATTEST: /s/ JoEllen Trimble
17 City Clerk
18
19 Ms. Cline, 2711 South "G", spoke in favor of this resolution and stated
20 the approximate amount of the application if $44,000 with ten percent
21 (10%) being contributed from local funding recommended.
22
23 Councilman Ahaus moved for adoption, seconded by Councilman Hankinson and
24 on unanimous voice vote the motion was carried.
25
26 ADJOURNMENT
27
28 There being no further business on motion duly made, seconded and passed
29 the meeting was adjourned.
30
31 Bing Welch
32 Chairman
III 33
34 ATTEST: JoEllen Trimble
35 City Clerk