HomeMy Public PortalAbout10-20-1980 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, OCTOBER 20, 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 October 20, 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.
III 6 Absent : None. The following business was had, to-wit:
7
8 APPROVAL OF MINUTES
9
10 Councilman Hankinson moved to approve the minutes of the previous meeting
11 as prepared, seconded by Councilman Welch and on unanimous voice vote the
12 motion was carried.
13
14 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS
15
16 Councilman Carter moved to approve the following bills, transfers and invest-
17 ments purchased as submitted, seconded by Councilman Hankinson and on unanimous
18 voice vote the motion was carried.
19
20 APPROVE THE FOLLOWING:
21 Bills in the amount of 1,123,919.01
22 Bonds and Interest Coupons - 0 -
23 1 Payroll 102,747.48
24
25 TRANSFER FROM CASH OPERATING FUND TO:
26 Cash Reserve Fund 52,961.58
27 Bond Sinking Fund 65,865.41
28
29 INVESTMENTS PURCHASED
30 * Cash Operating Fund 515,000.00
III31 ** Cash Reserve Fund 68,765.57
32 ** Depreciation Reserve Fund 238,268.62
33
34 * Short Term Investments maturing 11/20/80, yielding 10.0% interest
35 ** C.D. 's maturing 4/13/81, yielding 12.0% interest
36
37 REMARKS BY CHAIRMAN
38
39 Chairman Ahaus reminded members of the regular fourth Monday meeting set for
40 7:00 p.m. Ocotber 27 at RP&L.
41
42 STREET LIGHT COMMITTEE REPORT
43
44 Councilman Mills, Chairman of the Street Light Committee, stated plans for
45 the 1500 block of South 11th and Meadowbrook Lane are ready to go to the
46 Board of Works.
47
48 REPORT BY GENERAL MANAGER
49
50 General Manager Irving Huffman reported the following:
51
52 1. The contract with the employees has been signed. Several employees
53 have expressed gratitude for consideration Council made in settlement.
54 2. Monday night's meeting will deal with computers and the SCDA system.
55 This is part of some of the rules that the Public Utilities Regulatory
III56 Policy Act of 1978 spells out and will cost RP&L and its customers
57 close to 1/2 million dollars over the next two (2) to three (3)
58 year period.
59 3. The Indiana PURPA audit program will start some time next year and
60 RP&L will blend in with that program. This program is very expensive.
61 4. Over 2,000 people have viewed the/ Thermograms. They are available at
62 the Service Building.
63
64 ADJOURNMENT
RP&L Minutes Cont'd.
October 20, 1980
Page 2
1 There being no further business on motion duly made, seconded and passed
2 the meeting was adjourned.
3
4 Rick Ahaus
5 Chairman
6
7 ATTEST: JoEllen Trimble
8 City Clerk