HomeMy Public PortalAbout02-06-1978 PROCEEDINGS OF THE COMMON COUN.CIL_OF. THE .
CITY OF RICHMOND, .-.INDIANA,._SERVING AS
A BOARD IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER & LIGHT PLANT, FEBRUARY 6, 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 6, 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.
6 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 Austerman moved to approve the following bills and investments, seconded
13 by Councilman Carter and on .unanimous voice vote the motion was carried:
14 .
15 APPROVE THE FOLLOWING:
16 Bills in the amount of $ 909,632.97
17 Bonds & Interest Coupons. 146,831,25
18 2 payrolls 172,049.27
19
20 INVESTMENTS PURCHASED:
21 * Cash Operating Fund 743,029.11
22 ** Cash Reserve Fund 90,946.72
23 *** Cash Reserve Fund . 113,885. 21
24 ** Bond Sinking Fund 68,052.11
25 **** Depreciation Reserve. Fund 527,006. 18
26 **** Bond Reserve Fund 604,825.64
27 **** Consumers Deposit Fund 27,000.00
28
29 * Short term investments, yielding 5 5/8% & 6 1/2%
1111 30 ** Short term C.D. fs, yielding 6 1/2% & 6 3/4%
31 *** .C,D.`s maturing in 1 year, yielding 7.35%
32 **** C.D. 's maturing in 1 year, yielding.6% & 7 3/8%
33
34 Chairman Ahaus announced Councilmen have been furnished an exerpt from Popular
35 Science on coal gasification. Councilmen .will be meeting Monday, February 27,
36 at 7:00 p.m. in executive session at RP&L. .
37
38 General Chairman Irving -Huffman requested authorization to receive bids on February
39 20, 1978 for three (3) new automobiles, one (1) sub-compact for the meter department
40 and two (2) to replace two (2) 1970 Fords. Councilman Paust this authorization be
41 granted, seconded by Councilman Elstro and on unanimous voice vote the motion
42 was carried.
43 •
44 Councilman Mills moved to accept and file proof of publication for bids for a
45 dump truck and mini-sneaker vibrating plow, seconded by Councilman Paust and
46 on unanimous voice vote the motion was carried.
47
48 The following bids for .the mini-sneaker were received and recorded:
49 •
50 Vermeer of Indiana, Inc. $ 14,631.00
51 Less Trade-In 3,646.00
52 $ 10,985.00
53 •
III54 Davis. Power & Equipment $ 10,532.00
55 Less Trade-In 1,900.00
56 $ 8,632.00
RP&L Minute.s Cont
February 6, 1978
Page 2
1 The following bids for the dump truck were received and recorded:
2
3 Kurdys Brookbank Chevrolet $ 16,100.00
4 Less Trade-In 4,925.00
5 $ 11,175.00
6
7 Bowens Olds $_.14,.99250
8 .Less Trade-In 2,480.00
9 $ 12,512.50
10
11 Fred First Ford $ 12,409.00 N
12 Less Trade-In 1,000.00
13 $ 11,409.00
14
15 Alternate. bid
16 (4-wheel drive) $ 14,717.00
17 Less Trade-I'n 1,000.00
18 $ 13,717.00
19
20 Bob Ross Buick $ 11,714.00
21 Less Trade-In 300.00
22 $. 11,414.0.0
23 -
24 Tri-State Ford Corporation $ 12 ,850.00
25 Less Trade-In 1,200.00
26 $ 11,650.00
27
28 Alternate Bid
29 (4-wheel drive) $ 15,526.00
30 Less Trade-In 1,200.00
31 $ 14,326.00
32
33 Councilman Mills moved to refer these bids to Mr. Huffman for tabulation,
34 evaluation and recommendation at the next meeting, seconded by Councilman Carter,
35 and on unanimous voice vote the motion was carried.
36
37 Mr. Huffman reported. that RP&L has seventy-two (72) days of coal on hand.
38 Non-union mines have coal available, if you want to pay the price. With RP&L's
39 stockpile plan, it is not necessary- at this time to pay these high prices. At
40 request of the Governor, RP&L is encouraging consumers to conserve energy.
41
42 Mr. Huffman reported that last Monday the attorneys and himself met with the
43 Rail Transportation Authority and Conrail and the Penn Central Trustees
44 concerning Conrail line 633. Because this line is not a part of the State Rail
45 Plan, it does not come under the lease arrangement for the $2475 per mile rate;
46 however, this rate is only good until March 31.;• 633 is open and, hopefully,- a'
47 solution can be worked out that will be beneficial to all.
48
49 Concerning the Leas Brothers Development report on coal gasification, RP&L
50 has received some preliminary reports from R.B . Beck and Black & Veatch. They
51 • both requested funds to make a more in-depth study. Mr. Huffman discussed the
52 situation with American Public Power, who referred him to the Electric Power
53 Research Institute Manager of Coal Gasification Projects, who now has the proposal.
54
55 Councilman Mills reported the Street Light Committee met January 13 and recommends
56 installation of 140 streetlights and removal of 44. Councilman Mills moved this
57 recommendation be referred to the Board of Works, seconded by Councilman Austerman
58 and on unanimous voice vote the motion was carried.
59
60 There being no further business on motion duly made, seconded and passed, the
61 meeting was adjourned.
62 Rick Ahaus
63
64 Chairman
65 ATTEST: Jo Ellen Trimble
City Clerk