HomeMy Public PortalAbout09-05-1972 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, SEPTEMBER 5, 1972
The Common Council of the City of Richmond, Indiana, serving as a committee in charge
of the operation of the Richmond Power & Light Plant, met in regular session September
5, 1972, at the hour of 7:00 p.m. Mr. Elstro presided with the following members pre-
sent: Messrs. Brown, Cornett, Elstro, Marino, Merchanthouse, Mills, Shields, Stigleman
and Williams. Absent: None. The following business was had to-wit:
111 Mr. Williams moved to approve the minutes of the previous meeting, seconded by Mr.
Stigleman, and on, unanimous voice vote the motion was carried.
Mr. Brown moved to approve bills and progressive payments, seconded by Mr. Merchanthouse
and on unanimous voice vote the motion was carried.
APPROVE THE FOLLOWING: -
Bills in the amount of $165,678.35
Interest Coupons 24,232.50
1 Payroll 70,975.85
PROGRESSIVE PAYMENTS ON:
Turbine Generator $ 2,490.00
Dr. Shields reported that he had complaints that the new light plant building plans
have no back door. Mr. Huffman said that there are two side doors toward the front
of the building in the plans which should be suffiecient.
Mr. Huffman read the following letter:
August 31 , 1972
TO: I. A. Huffman, General Manger
IIIFROM: Delmer Cox, Office Manager
Mr. Huffman:
We have $90,000.00 in the Bond Reserve Fund and $20,000.00 in the
Consumers Deposit Fund which is available for investment.
I recommend we purcahse $90,000.00 U.S. Treasury Bills, yielding 5.24%',
and maturing 8-31-73 with the Bond Reserve Fund cash and $20,000.00 U.S.
Treasury Bills, yielding 5.24% and maturing 8-31-73, with the Consumers
Deposit Fund cash.
With Council 's approval , I will insiruct the Wayne County Treasurer
to purchase as many securities as the above cash will purchase.
Mr. Huffman presented the proof of publication for bids for the construction of the
downtown collection office. City Attorney Wynegar examined the proof of publication
and found it to be correct. Mr. Stigleman moved to approve the proof of publi" ation,
seconded by Dr. Shields, and on unanimous voice vote the motion was carried.
The following bids were opened: (See attached bid sheet.)
Mr. Huffman reported that he will have recommendations for the bids at the nex meeting,
September 18, 1972.
Mr. Elstro announced that there will be a meeting at the Light Plant Office September
12, 1972 at 7:00 p.m.
There being no further business on motion duly made, seconded and passed, the eeting
was adjourned.
Howard J. Elstro, Jr.
Chairman
ATTEST: Karen Klus in the absence of
Lotte Hoskins, City Clerk