HomeMy Public PortalAbout07-07-1980 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, JULY 7, 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 July 7, 1980 at the hour of 7:00 p.m. in the Municipal Building of
4 said City. Councilman 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
III 8 Councilman Williams moved to approve the minutes of the previous meeting as
9 prepared, seconded by Councilman Hankinson and on unanimous voice vote the
10 motion was carried.
11
12 Councilman Carter moved to approve the following bills, investments and trans-
13 fers as presented, seconded by Councilman Hankinson and on unanimous voice
14 vote the motion was carried.
15
16 APPROVE THE FOLLOWING:
17 Bills in the amount of $344,181 .23
18 Bonds and Interest Coupons 127,060.00
19 2 Payrolls 199,966.56
20
21 TRANSFERS FROM DEPR. RESERVE TO CASH OPERATING
22 FUND • 185,722.49
23
24 INVESTMENTS PURCHASED
25 Cash Operating Fund 890,970.79
26 ** Cash Reserve Fund 198,079.10
27 *** Depreciation Reserve Fund 378,946.47
28 **** Utility Bond Reserve Fund 135,321.06
29
30 * Various short-term C.D. 's and Treasury notes
31 yielding 72% due to mature in July and August
III 32 ** Two short-term investments yielding 71'z% and 7-3/4%
33 *** Three short-term investments - two yielding 71/2%
34 and one yielding 7-3/4%
35 ***'* Treasury note yielding 7-3/4%, maturing 12/10/80
36
37 Chairman Ahaus set Tuesday, July 8, at 5:30 for a discussion of the non-
38 attainment status of SO2 by the Air Pollution Control Board. Attorney
39 Paul Hirsch will be meeting with the Board.
40
41 Chairman Ahaus stated the Board met with Arnold Leas two weeks ago and dis-
42 cussed the possibility of approaching the Department of Energy concerning
43 the feasibility study of Arnold's project for synthetic fuel. CCEMP Director
44 Ann Cline has set up a meeting in Washington for Thursday to discuss the
45 merits of a proposal submitted for a feasibility study. It is a request
46 for $250.000.
47
48 Councilman Mills reported the Street Light Committee met on June 23 on a
49 request from Councilman Paust for post top lights in Old Richmond from 2nd
50 to 6th and from "A" to "E". The cost for the light is $375 and the post is
51 $215 for a total of $590 for each light. For .3rd and 4th alone the cost is
52 $17,700.
53
54 Councilman Mills reported the Street Light Committee will study a request
55 from Chairman Ahaus for lighting at Ivy Tech. They are requesting lighting
56 off Indiana Avenue and in their parking lot. It would take approximately
57 four (4) lights to do this and it is private-owned property.
58
59 General Manager Irving Huffman stated RP&L requested bids from Juerling &
60 Sons and Oberle & Associates for a security wall at the Johnson Street sub-
61 station. The lowest bid is that of Juerling for $31 ,587. Mr. Huffman stated
62 this is a potential hazard and is somewhat of an emergency. He presented a
63 motion to accept the low quote, as submitted by V. H. Juerling & Sons, Inc. ,
64 for erecting a security wall and performing other necessary work in order to
RP&L Minutes Cont'd.
July 7, 1980
Page 2
1 provide additional security and maintenance to switchgear building.
2 Councilman Parker so moved, seconded by Councilman Paust and on a call of
3 the roll the following was recorded: Ayes: Elstro, Williams, Paust, Hankinson,
4 Welch, Parker, Carter and Ahaus. Noes: Mills. The vote being eight (8)
5 to one (1) in favor of passage of the motion.
6
7 Mr. Huffman requested authorization for the General Manager to receive bids
8 for oil conditioning equipment at the July 21 meeting. Councilman Mills so
9 moved, seconded by Councilman Paust and on unanimous voice vote the motion
10 was carried.
11
12 Mr. Huffman announced Friday is going to be a very important time for RP&L
13 as the formation of the Joint Agency will be official. Officers will be
14 elected and consultants will be engaged. This will be the start of the new
15 way of getting generation for RP&L. There will be a meeting with Public
16 Service Company of Indiana officials tomorrow to determine if there is a
17 project they have on the boards to participate with.
18
19 There being no further business on motion duly made, seconded and passed
20 the meeting was adjourned.
21
22 Rick Ahaus
23 Chairman
24
25 ATTEST: JoEllen Trimble
26 City Clerk