HomeMy Public PortalAbout02-20-1978 PROCEEDINGS ..OF..THE._ COMMON COUNCIL.. OF.T.HE
CITY OF RICHMOND,. .INDIANA,.' .SE-RVING..AS.- '
A BOARD IN CHARGE_ _OF.THE.,:OPERATION.OF_'THF._.
RICHMOND POWER & LIGHT PLANT, FEBRUARY 20, 1978
1 The Common Council. of the City of Richmond,..Indiana,. serving as. a board in charge
2 of the operation of the Richmond Power & Light Plant, met in regular session
3 February 20, 1978 at the .hour of 7:00 p.m. in. .the Municipal.Building. of said City.
4 Councilman Ahaus presided with .the following, members present: Councilmen Elstro,
5 Williams, Austerman, Merchanthouse, Mills, Carter, Paust, and Welch. Absent: None.
III6 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 Mills and on unanimous voice vote the motion was
10 carried.
11
12 Councilman Carter moved to approve the following bills, transfers. and investments,
13 seconded by Councilman Welch and .on unanimous voice vote the motion was carried.
14
15 APPROVE THE FOLLOWING:
16. Bills in the amount of $ 100,730.98
17 Bonds & Interest Coupons 29,402.50
18 1 Payroll 83,285.94
19
20 TRANSFERS .VROM"THE CASH_"OPERATING: FUND" TO:_ _
21 Depreciation Reserve Fund 38,254.83
22 Cash Reserve Fund 68,254.83
23 Utility Bond Sinking-Fund:'. . 68,052.10
24
25 INVESTMENTS PURCHASED:
26 ' * Cash Operating.Fund 2,220,000;00'
27 ** Cash Reserve Fund 175,742.38 .
28 ** Bond Sinking. Fund 68,052.10
29 ** Bond Reserve Fund 111,858.46 .
30 ** Depreciation Reserve Fund 368,874. 74
III 31
32 * Short term investments; yielding 5 5/8% to 6 3/8%
33 ** C.D.'s maturing one year or less, yielding 6. 5/8% to 7. 3%
34
35 Chairman Ahaus announced a meeting at RP&L Monday, February 27, 1978 at 7:00 p.m.
36
37 General Manager Irving Huffman. stated. .he has .tabulated-bids received for. one dump
38 truck received February 6, 1978 and recommends the bid of Kurdys Brookbank Chevrolet
39 of $11,175.00 as the lowest and. best bid.. Councilman Elstro moved to authorize the
40 General Manager to accept the bid of Kuhdy= Brookbank Chevrolet for the purchase of
41 one dump truck seconded by Councilman Williams and on a call of the roll the following
42 was recorded: Ayes: Elstro, Williams, Austerman,. Merchanthouse, Mills, Carter,
43 Paust, Welch, and Ahaus. Noes: None. . The vote being nine (9) to zero (0) in favor
44 of the motion.
45
46 Mr. Huffman stated he has tabulated bids received for one. vibrating plow received
47 February 6, 1978 and recommends the bid of Paul R. Miller. Equipment .Co. of $8,632.00
• 48 as the lowest and best bid. Councilman Mills moved to authorize the General Manager
49 to accept the bid of Paul Miller for the purchase of one Vibrating plow, seconded by
50 Councilman Welch and on a call of the roll the following was recorded: Ayes: Elstro, •
51 Williams, Austermam, Merchanthouse, Mills, Carter, Paust, Welch and Ahaus. Noes: None.
52 The vote being nine (9) to zero (0) in favor of the motion.
53
54 Mr. Huffman presented proof of publication for the purchase of three (3) new automobiles.
ill55 City Attorney Ed Anderson found it to. be in order and Councilman Mills moved it be
56 accepted and filed, seconded by Councilman Welch and on unanimous voice vote the
57 motion was carried.
58
59 The Following bids were received and recorded: .
RP&L Minutes Cont.
February 20, 1978
Page 2
1 Bob Ross.Buiclz
2 Buick Skylark _ 55;116.64
3 Buick Century_=Specia648.:80: less;. tr-ade-in $300
4 • Buick LeSabre Custom 6,211.08 less trade-in $300 $5911.08
5
6 Kurdys Brookbank Chevrolet
7 Chev Caprice $7,156.95 less trade-in $1815.35 $5341.60
8 Chev Impala 6,867.95 less trade-in $1759.17 $5108.78
9 Chev Nova 4,803:25 less trade-in $ 917.10 $3886.15
10 Chevette Scotter 3,480.00
11
12 Wells Pontiac
13 Pontiac Sunbird Sport
14 Hatch $4,373.00
15 Pontiac Cataline 4 dr 7,043.05 less trade-in $1583.05 $5460.00
16 Pontiac Phoenix 4 dr 5,124.80 less trade-in $ 901.80 $4223.00
17
18 Fred First Ford
19 Ford Pinto $3,908.17
20 Ford Fairmont 4,003.96 less trade-in $ 200.00 $3803.96
21 Ford LTD 5,414.64 less trade-in $ 400.00 $5025-..-64'
22
23 Councilman Williams moved to refer these bids to Mr. Huffman for study,
24 tabulation and recommendation, seconded by Councilman Welch and on unanimous
25 voice vote the motion was carried.
26
27 Mr. Huffman reported on the coal and energy crisis.. .He thanked. the news media
28 in getting across to the consumers the need for conservation and the customers for
29 conserving. There has been a fifteen percent. (15%) drop in consumption. . The
30 hope is now fora twenty-five percent (25%1 voluntary cut back. For every
31 kilowatt hour saved, one pound of coal is saved.. RP&L has a sixty-two day supply
32 at this time. There may be a thirty day period after the strike ends before coal
33 arrives. At the present time thirty-five and a half percent (351/2%) of the street
34 light load has been curtailed.
35
36 Mr. Huffman stated he expects at.- least a forty-eight .(48) hour notice from
37 I&M before their curtailment. The present billing from I&M is based on the
38 old rates and not on the ne contract rates.
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: Jo Ellen Trimble
47 City Clerk