HomeMy Public PortalAbout08-06-1979 •
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 6, 1979
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 6, 1979 at the hour of 7:00 p.m. in the Municipal Building of
4 said City. Chairman Ahaus presided with the following members present: Messrs.
5 Elstro, Williams, Austerman, Whitesell, Mills, Carter, Paust and Welch. Absent:
6 None. The following business was had, to-wit:
III 7
8 Councilman Williams moved to approve the minutes of the previous meeting as
9 prepared, seconded by Councilman Mills and on unanimous voice vote, the motion
10 was carried.
11
12 Councilman Welch moved the following bills and investments be approved as
13 presented, seconded by Councilman Carter and on unanimous voice vote, the motion
14 was carried:
15
16 APPROVE THE FOLLOWING:
17 Bills in the amount of $1,395,093.25
18 Bonds and Interest Coupons 50,432.50
19 1 Payroll 95,623.01
20
21 INVESTMENTS PURCHASED:
22 * Cash Operating Fund 870,000.00
23 ** Cash Operating Fund 85,970.87
24 ** Cash Reserve Fund 64,029.13
25
26 * Short term treasury notes, yielding 8 3/4% interest
27 ** C.D.'s maturing 1/23/80, yielding 9 1/4% interest
28
29 Chairman Ahaus announced the Executive meeting will be at 7:00 p.m. at RP&L
III 30 Monday, August 13.
31
32 General Manager Irving Huffman reported that last week RP&L sold emergency
33 power to I&M, who resold it to utilities needing power. Approximately $25,000
34 worth of power was sold for the month of July. This is the first time RP&L has
35 been able to sell any power. The only time RP&L can sell power is when the
36 request is passed on to them from I&M. The selling of power could work against
37 RP&L in the monitoring station as more coal is being used so more sulphur
38 dioxide could be emitted.
39
40 There being no further business on motion duly made, seconded and passed, the
41 meeting was adjourned.
42
43 Rick Ahaus
44 Chairman •
45
46 ATTEST: JoEllen Trimble
47. City Clerk