HomeMy Public PortalAbout11-06-1972 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, NOVEMBER 6, 1972
The Common Council of the City of Richmond, Indiana, met in regular session November
6, 1972 at the hour of 7:00 p.m. in the Council Chambers of the Municipal Building
of said City serving as a committee in charge of the operation of the Richmond Power
& Light Plant. Mr. Elstro presided with the following members present: Messrs.
Brown, Cornett, Marino, Merchanthouse, Mills , Shields, Stigleman, and Williams .
Absent: None. The following business was had to-wit:
Dr. Shields moved to approve the minutes of the previous meeting, seconded by Mr.
Mills and on unanimous voice vote the motion was carried.
Mr. Stigleman moved to approve bills and progressive payments, seconded by Mr. Cornett
and on unanimous voice vote the motion was carried.
APPROVE THE FOLLOWING:
Bills in the amount of $ 87,040.21
Interest Coupons 540.00
2 Payrolls 124,088.37
PROGRESSIVE PAYMENTS ON:
Mechanical Construction $ 97,529.40
Electrical Construction 33,192.43
Steam Generator 93,281 .40
Black & Veatch Resident Engineers 4,275.00
Mr. Marino asked if the street lighting program at N.W. "H" from Boyer to Ridge Street
and N.W. "E" to N.W. "L" Streets at Bridge Avenue to N.W. 5th Street has the same
light that is in the alley for all these. Mr. Huffman stated it was a cross alley
and covers the same area.
Mr. Huffman reported that a preliminary meeting between Indiana and Michigan and
RP&L was held to discuss revision in our present contract. Indiana and Michigan
refused to meet if RP&L's attorney attended the meeting and agreed to meet with
technical personnel involved. Two proposals were submitted and Indiana and Mich-
igan agreed to review the proposals and were requested to answer by November 15th.
If Indiana and Mlchigan are reluctant to meet with RP&L the Federal Power Commission
will become concerned.
Mr. Huffman presented the following letter.
November 1 , 1972
TO: Mr. Irving A. Huffman
General Manager
Mr. Huffman,
The following Investments were made from the following Cash Funds .
Purchased through Second National Bank for the Bond Reserve Fund--
$45,891 .25 U.S. Treasury Bills, maturing September 25, 1973 at a
cost of $42,891 .25 effective rate 5.4%.
Purchased through Second National Bank for the"Depreciation Reserve Fund"
$700,000.00 Certificates of Deposits for one year, effective rate of Interest
5 7/8 %.
Purchased through First National Bank for the "Depreciation Reserve Fund"
$300,b00.00 Certificates of Depostis for one year, effective rate of Interest
5 7/8 %.
Delmer Cox
General Office Manager
Mr. Huffman requested permission to hire Oberle Jordre to help make a cost study
as to the feasibility to convert the Johnson Street Boilers to a non-pollutant
station on order for RP&L to be able to provide peaking power or if we should
purchase peaking power. Mr. Stigleman moved to grant permission for the
feasibility study, seconded by Mr. Shields and on unanimous voice vote the
motion was carried.
RP&L Minutes
November 6, 1972
Page 2
Mr. Huffman reported that progress at the Whitewater Valley Station is maintaining
the revised schedule and is going well . He reported that all air and water piping
is complete. The Fire Department filled the boiler_ the latter part of the month
and it will be ready for commercial use in January.
Mr. Huffman reported that effective October 25, 1972, freight cost increased 1 1/2
per cent which is a $170.00 increase per year by the price stabilization board. Mr.
Mills asked if this freight cost increases the fuel clause. Mr. Huffman replied
that it does increase the fuel clause.
Mr. Marino asked what was the progress on the downtown office. Mr. Huffman
reported it was moving along well .
Dr. Shields stated that he couldn't understand why Indiana and Michigan did not
want RP&L's lawyer present at the meeting. Mr. Huffman stated that the request was
made by letter to Indiana and Michigan and also verbally on October 2nd that we
wanted to meet with Mr. Kopper. He reported he later received a call from the
Division Manager who said that Mr. Kopper was in the hospital and could not attend.
He stated that Mr. Kopper had to attend as ranking officer but agreed to meet on
November 2nd if RP&L's attorney did not attend.
There being no further business on motion duly made, seconded and passed, the
meeting was adjourned.
H.J. Elstro, Jr.
Chairman
ATTEST: Margaret Mellen
City Clerk