HomeMy Public PortalAbout12-01-1980 PROUEEDINGS 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 1, 1980
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 1, 1980 at the hour of 7:00 p.m. in the Municipal Building
4 of said City. Chairman Ahaus presided with the following members present:
5 Messrs. Elstro, Williams, Hankinson, Welch, Parker, Carter, Mills and Paust.
6 Absent: None. The following business was had, to-wit:
7
8 APPROVAL OF MINUTES
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 Carter moved to approve the following bills, transfers and in-
17 vestments purchased as presented, seconded by Councilman Hankinson and on
18 unanimous voice vote the motion was carried.
19
20 APPROVE THE FOLLOWING:
21 Bills in the amount of $913,854.49
22 Bonds and Interest Coupons -0-
23 1 Payroll 111,372.31
24
25 Transfer from Depreciation Reserve Bund to:
26 Cash Operating Fund 26,725.50
27
28 Investments Purchased:
29 * Cash Operating Fund 290,000.00
30 ** Cash Operating Fund 510,000.00
31
32 * Short term C.D. 's yielding 13.0% interest
33 ** U.S. Treasury Notes (Repurchase Agreements)
34 maturing 12/18/80 yielding 8.5% interest
35
36 REMARKS BY CHAIRMAN OF BOARD
37
38 Chairman Ahaus stated at the last meeting time was spent discussing the
39 budget. Council members received a letter discussing the capital budget
40 and should contact Mr. Huffman if they have any questions. Mr. Delmar Cox
41 should be contacted concerning any questions on the operating budget or
42 capital improvement budget.
43
44 REPORT FROM STREET LIGHT COMMITTEE
45
46 Chairman Mills noted Councilman Elstro informed him tonight there are people
47 unhappy with the street lighting on Sotith "0" and Hibberd Drive area. Chair-
48 man Mills, Councilman Elstro and Mr. Robert Rees of RP&L will get together
49 to try to resolve the problem and report back to this Board.
50
51 REPORT BY GENERAL MANAGER_
52
53 General Manager Irving Huffman stated that at the last meeting bids were
54 opened for a computer and they are somewhat complex. Some information was
55 not provided and is needed before awarding of the bid. RP&L is not in a
56 position to make a recommendation at this time. Mr. Huffman requested the
57 committee of Councilmen Hankinson, Parker and Welch meet with RP&L repre-
58 sentatives to 6-Ludy these bids. The meeting was set for Monday, December
59 8 at 4:00 p.m.
60
61 Mr. Huffman stated he and Francis Ball are going to visit with Conrail people
62 and Penn Central Trustees Thursday in Philadelphia to discuss negotiating a
63 different type of coal contract. The present coal contract hinges upon
64 maintaining Line 633 and as a result RP&L is subsidizing a 28.7 mile section
RP&L Minutes Cont'd.
December 1, 1980
Page 2
1 of line. A new contract would probably be a committment to a higher
2 volume of coal, which would be needed as both units will be running next
3 year, as well as taking a unit train or a mini-unit train involving thirty
4 (30) car shipments at one time. At the present time coal is being received
5 by truck and last week-end RP&L received ninety (90) truckloads of coal.
6 RP&L hopes to be able to open some negotiations for lower freight rates and,
7 hopefully, utilize Line 633.
8
9 ADJOURNMENT
10
11 There being no further business on motion duly made, seconded and passed
12 the meeting was adjourned.
13
14 Rick Ahaus
15 Chairman
16
17 ATTEST: JoEllen Trimble
18 City Clerk