HomeMy Public PortalAbout10-02-1972 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, OCTOBER 2, 1972
The Common Council of the City of Richmond, Indiana, serving as a committed in charge
of the operation of the Richmond Power & Light Plant, met in regular session October
2, 1972 at the hour of 7:00 p.m. in the Council Chambers of the Municipal Building
in said City. Mr. Elstro presided with the following members present: Messrs. Brown,
Cornett, Marino, Merchanthouse, Mills, Shields and Stigleman. Absent: Mr. Williams.
The following business was had to-wit:
Mr. Marino moved to approve the minutes of the previous meeting, seconded by Mr.
Stigleman and on unanimous voice vote the motion was carried.
Dr. Shields moved to pay bills and make progressive payments, seconded by Mr. Stigleman
and on unanimous voice vote the motion was carried.
APPROVE THE FOLLOWING:
Bills in the amount of $160,815.10
Interest Coupons 1,907.50
1 Payroll 63,977.89
PROGRESSIVE PAYMENTS ON:
Steam Generator $131,067.00
Turbine Generator 90,254.45
Mechanical Construction 88,820.67
Electrical Construction 54,107.57
Mr. Huffman reported that the Gaar Nursery bid for the new Service Building was taken
under advisement at the last meeting since the bid was thought to be too high. After
review with the Consulting Engineer he reported that the project could be modified
by a reduction of forty-two plants, which would be a reduction of $850.00 and would
give the area an appearance of being freshly planted and growing. Mr. Huffman recom-
mended that the Board accept the bid from Gaar Nursery as is and modify the bid by
sending a letter to Gaar Nurseries. The bid would be reduced from $5,107.00 to
111 $4,257.00. Dr. Shields asked if a bid could be changed once it had been accepted.
Mr. Huffman stated that it could by modifying the bid. Dr. Shields said he would
like to reclarify his objection to the bid at the last meeting stating that he just
thought it was too high. Mr. Huffman reported that the bid does consist of a large
quantity of materials. Dr. Shields moved to accept the bid from Gaar Nursery as
recommended by Mr. Huffman, seconded by Mr. Stigleman and on voice vote the motion
was carried with Mr. Cornett voting no.
Mr. Huffman reported that at a recent meeting it was decided that rather than hold
investments and loose several days of interest, the investments would be made and
he would make a report to the Board. The following investments were made from the
following cash funds: Bond Reserve Fund - Date of Investment: 9-25-72; purchased
$40,000.00 U.S. Treasury Bills maturing 8-28-73 at a cost of $38,063.42, yielding
5.35%, the purchase was made through the First National Bank.
Mr. Huffman reported that ground breaking ceremonies for the new Service Building
would be October 3, 1972 at 10:00 a.m.
There being no further business on motion duly made, seconded and passed, the meeting
was adjourned.
Howard J. Elstro, Jr.
Chairman
ATTEST: Virginia Cook
Acting City Clerk