HomeMy Public PortalAbout09-02-1975 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS
A COMMITTEE IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER & LIGHT PLANT, SEPTEMBER 2, 1975
The Common Council of the City of Richmond, Indiana, met in regular
session September 2, 1975 at the hour of 7:00 P.M. in the Council Chambers
in the Municipal Building in said City serving as a committee in charge
of the operation of the Richmond Power & Light Plant. Mr. Brown
presided with the following members present: Messrs. Cornett, Elstro,
Geier, Marino, Merchanthouse, Mills and Williams. Absent: Hilton.
The following business was had to-wit:
Mr. Williams moved to approve the minutes of the previous meeting, seconded
by Mr. Mills and on unanimous voice vote the motion was carried.
Mr. Merchanthouse moved to approve the following bills, seconded by
Mr. Williams and on unanimous voice vote the motion was carried.
APPROVE THE FOLLOWING:
Bills in the amount of $ 187,572.72
Interest Coupons 5,530.00
1 Payroll 66,263.83
INVESTMENTS PURCHASED
*Depreciation Reserve Fund 1 ,250,000.00
**Cash Reserve Fund 60,000.00
***Cash Reserve Fund 120,000.00
**Utility Bond Fund 170,000.00
*C.D. 's Maturing 8/18/76, yielding 7% Interest
** " 12/30/75, yielding 6 1/4% Interest
*** " 12/30/75, yielding 6 5/8% Interest
Mr. Brown, Chairman of the Board set a meeting for September 8, 1975.
at 7:00 P.M. at the Richmond Power & Light Conference Room.
Mr. Elstro, Chairman of the Street Lighting Committee, would like to
meet briefly with the Board before the meeting.
Mr. Marino asked if there was enough power for the new additions in the
Oak Park area.
Mr. Huffman replied there is ample capacity in the Oak Park area and
that in order to service the Water Company properly, they are "beefing-
up some of the existing lines in that area".
Mayor Charles Howell requested one of the used cherry picker trucks
be kept for the City to use for tree trimming.
Irving Huffman, General Manager, recommended contract be awarded on
Truck Chassis to the following: Kurdy's Chevrolet, Item I chassis only
with trade—in, our truck #5, in the amount of $5440.00; Fred First
Ford, Item II, chassis only with trade-in, our truck #13, $4857.05;
Delphi , Alternate Item III less chassis , trade-in truck #16, $12,428.00.
(Without trade in $15,928.00)
Mr. Geier moved to accept the recommendation of Mr. Huffman and award
contract for Truck Chassis.
Mr. Geier moved to award contracts for Truck Chassis as per Mr. Huffman's
recommendation and the order be placed for these trucks with the stipu-
lation the option be left open as to whether the City will keep trade
in on truck No. 16, seconded by Mr. Williams and on voice vote the
motion was carried.
Mr. Cornett voted no.
There being no further business on motion duly made, seconded and
passed, the meeting was adjourned.
John Brown, Chairman
ATTEST: Margaret Mellen, City Clerk