HomeMy Public PortalAbout02-18-1974 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, FEBRUARY 18, 1974
The Common Council of the City of Richmond, Indiana, met in regular session
February 18, 1974, 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. Merchanthouse presided
with the following members present: Messrs. Cornett, Elstro, Geier,
Marino, Mills, Shields and Williams. Mr. Brown was absent. The following
business was had to-wit:
Mr. Mills moved to approve the minutes of the previous meeting, seconded
by Dr. Shields and on unanimous voice vote the motion was carried.
Mr. Elstro moved to approve the bills, seconded by Mr. Geier and on unani-
mous voice vote the motion was carried.
APPROVE THE FOLLOWING:
Bills in the amount of $440,874.38
Interest Coupons 65,423.75
1 Payroll 62,833.84
PROGRESSIVE PAYMENTS ON:
Electrostatic Precipitators $ 35,762.43
TRANSFER FROM CASH OPERATING FUND TO:
Depreciation Reserve Fund $ 91 ,000.00
Utility Bond Fund 71 ,254.15
Cash Reserve Fund 60,000.00
INVESTMENTS PURCHASED
*Cash Reserve Fund $ 56,392.83
**Depreciation Reserve Fund 500,000.00
**Utility Bond Reserve Fund 85,000.00
*U.S. Treasury Bills maturing
12-17-74, yielding 6.8%.
**C.D. 's maturing in one year,
yielding 7 1/4 and 7 3/8%.
Mr. Geier moved to accept and file proof of publication for advertising bids
for Oil Circuit Breakers, seconded by Mr. Marino and on unanimous voice vote
the motion was carried.
The following bids were received and all on form 95 properly signed and nota-
rized and accompanied with bid bond or bid check according to specifications.
4 - 69 KV Oil Circuit Breakers
3 - 15 KV Oil Circuit Breakers
BIDDER MFR. PRICE DELIVERY TOTAL
Richmond Electric G.E. 69 KV $55,250.00 39 Weeks $71 ,505.00
15 KV 16,255.00 18-20 Weeks
Graybar Elec Co. G.E. 69 KV $55,554,00 39 Weeks $71 ,862.00
15 KV 16,308.00 18-20 Weeks
Westinghouse Elec. West 69 KV $56,132.00 30 Weeks (with O.C.B. )
Supply 15 KV 47,447.00 30 Weeks $103,579.00
15 KV 25,100.00 18 Weeks (with VCB) 81 ,232.00
Universal Elec. Co. McGraw- 69 KV $55,605,90 58 Weeks (69 KV only) 55,605.90
Edison 15 KV No Bid
Ralph David, Ind. Allis-
Chalmers 69 KV $58,884.00 60 Weeks Incomplete Bid
(No tank lifters)
I-T-E Imperial Corp. I-T-E 69 KV $55,160.00 62 Weeks Incomplete Bid
(No tank lifters)
Richmond Light Plant Minutes
February 18,1974
Page 2
Mr. Mills moved to take bids under advisement and give to General Manager
Irving Huffman for further study, seconded by Dr. Shields and on unanimous
voice vote the motion was carried.
Mr. Cornett moved to authorize Richmond Power & Light to make conservation
energy sales to the utilities of the eastern area, seconded by Mr. Geier
and on unanimous voice vote the motion was carried.
Irving Huffman, General Manager, noted the need for electric power in the
eastern United States and the fact that the local utility is coal-fired
and has excess, current they can sell under existing energy conservation
programs.
Mr. Huffman noted savings of $1 million to date in the fighting of I & M's
rate increases. More than $400,000.00 has been refunded.
Mr. Cornett moved to authorize General Manager Huffman to take bids for
switches for the new substation to be built on Rich Road at the March 18
1974 meeting, seconded by Mr. Geier and on unanimous vice vote the motion
was carried.
The Clerk read a letter from Wayne Elliott, 1915 Straight Line Pike, regarding
complaint of noise and vibration. Installation of baffle dampers in the
new generator stack resulted from a similar complaint in March 1973.
Mr. Huffman stated he would look into the matter again and that final payment
will not be made until this problem is rectified.
City Attorney Robert Burton suggested sending a copy of Mr. Elliott's letter
to the supplier of this equipment.
Mr. Williams, chairman of the street lighting committee, reported the program
is being stepped up after delay in some areas.
There being no further business on motion duly made, seconded and passed,
the meeting was adjourned.
Greg Merchanthouse
Chairman
ATTEST: Margaret Mellen
City Clerk