HomeMy Public PortalAbout08-04-1980 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, AUGUST 4, 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 August 4, 1980 at the hour of 7 :00 p.m. in the Municipal Building of
4 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 Councilman Williams moved to approve the minutes of the previous meeting as
9 prepared, seconded by Councilman Welch and on unanimous voice vote the motion
10 was carried.
11
12 Councilman Hankinson moved to approve the following bills, transfers and
13 investments, seconded by Councilman Welch and on unanimous voice vote the
14 motion was carried.
15
16 APPROVE THE FOLLOWING:
17 Bills in the amount of 1,170,606.65
18 Bonds and Interest Coupons 14,620.00
19 1 Payroll 101 ,278.59
20
21 TRANSFER FROM DEPRECIATION RESERVE FUND TO:
22 Cash Operating Fund 71,149.57
23
24 INVESTMENTS PURCHASED
25 Cash Operating Fund 440,000.00
26 ** Cash Operating Fund 718,293.68
27 ** Depreciation Reserve Fund 45,071.67
28 ** Bond Reserve Fund 6,634.65
29
30 Short term investments, (repurchase agreements) yielding, 7%
31 interest
32 ** Short term investments, (repurchase agreements) yielding, 8%
33 interest
34
35 Councilman Mills noted the Street Light Committee will be studying a pro-
36 posal for ten (10) street lights along Woodside Drive. Councilman Elstro
37 presented a request for one (1) light on South 21st Street, south of "L".
38 Discussion was held on the lights burning all the time on the interstate.
39 City Attorney Ed Anderson noted the City has not yet signed the agreement
40 to take over the current charge on these lights.
41
42 General Manager Irving Huffman reported the lowest bid for the oil condi-
43 tioning equipment was from Barron & Associates for $30,485.00; however,
44 this bid had not been notarized. Mr. Huffman requested the company furnish
45 a bid properly notarized, which they have done. Mr. Huffman requested this
46 Board waive this irregularity. Mr. Huffman has a motion on the agenda to
47 award the bid to the best and lowest bidder, Barron & Associates and to
48 waive the irregularity in their bid. Councilman Carter so moved, seconded
49 by Councilman Parker and on a call of the roll the following was recorded:
50 Ayes: Elstro, Williams, Paust, Hankinson, Welch, Parker, Carter, Mills and
51 Ahaus. Noes: None. The vote being nine (9) to zero (0) in favor of the
52 motion.
53
54 Mr. Huffman noted that the last Legislature passed a bill stating that any
55 territory within the City limits can be served by the utility serving the
56 community. This right must be exercised within a certain time period or
57 the utility loses these customers forever. An agreement with PSCI has been
58 signed for territory at the airport. REMC now serves part of the airport
59 and Highland golf course, both of which are in the city limits. Mr. Huffman
60 presented an agreement between Wayne County REMC and RP&L for the airport
61 and golf course facilities for the Board of Directors to sign. The total
62 cost of buying the equipment is approximately $29,000. Councilman Carter
63 moved to adopt this motion to sign the purchase agreement between Wayne
64 County REMC and RP&L for the airport and golf course facilities, seconded
RP&L Minutes Cont'.d.
August 4, 1980
Page 2
1 by Councilman Parker and on a call of the roll the following was recorded:
2 Ayes: Elstro, Williams, Paust, Hankinson, Welch, Parker, Carter, Mills
3 and Ahaus. Noes: None. The vote being nine (9) to zero (0) in favor of
4 the motion.
5
6 Mr. Huffman stated Mr. Brubaker sent a letter requesting negotiations be
7 started and that he obtain land close to RP&L.
8
9 There being no further business on motion duly, made, seconded and passed
10 the meeting was adjourned.
11
12 Rick Ahaus
13 Chairman
14
15 ATTEST: JoEllen Trimble
16 City Clerk
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