HomeMy Public PortalAbout09-08-1970 ._ _ E', OF `i_; _ G o Ti::.; '' "H r3 COUNCTL / (-;,
i i :-5 ... .<_. r"Y OF !•„..s. :.. , N€ , : NDs.ANA,a SERVING
4. A Ct r1 . .:I.t T t-_, IN CHARGE OF THE O i'`F f. t !OM OF (`
THE I`'3 ,HMO � y'`1��E LIGHT
GH V--=P-`�'-CN, SEP t EM R 8, 1 970
1 • hfe C:C>1mlon Council '_!i the City of Richmond,hmond, Indiana, serving
9 ah a _ m'i iin charge of the operationofthe.��F� �- - �� 'B`?e Richmond
3 Power & $ 'g Plan met ceoular session in the .C'jtw`@ 1
4; Chambers in the Xuiitcip ] Suil .cliincl, in said City September
5 8, 1970 the�. by s p.m C '.? ': . .. Marino Ys .i ,-t
-• �.s of7200 . � ,� s.C:? ,�bri� F. s'icr'"' c?;O e�� us:.s '-
6 •wither er �•.e
t-. vf9 theU.1 �;t�f'q�t'lt1 members present: 1'�i��.�ir;:6 ;, �- t��3s€:,{Sl�1oc�C�'p El `atC'�.?:
ct Geier , Henn, He 9 3 goers , t' o Marino, C au ,tp and StSgiemaC?-
8 The following business washad tvo w;i-t:
I 4 1iC c Geier moved ar.)�.ir�4^ly;i minutes oftheprevious
-„� -,yr� r
r h i i {i..J 1' u, iFJ,:et
12
a seconded bv Mr . St i`ri l Oman and unanimous Flo a ce vote the
motion was' carried.
13
i
g .� Mii o Paust moved to Jprove the i_}a !i':nt of hi I t s p seconded `s'i1C.
Mr . u"6, s g l e at:• and on uvlanfous voice vote the motion was carried ,
16
19 APPROVE ;-i FOLLOWING
G
18 the -
Bill i �
>: r-# the� .tiovieti'6b - tJofi �� �-,l ..h}65- 1f
20 interest Coupons 621 .25
21 1 Payroll 63,862 .22
22
2 i M€' Bed read �- e a ` `wt n Iet.tec"' .
c o L• h .� �L tl i �J e ��: i
24
�'g TO: A.E . sir °
FROM b D. COX
27
28 Mr . Beck;
29 •
_4,0 We have S2299362r56 in the Cash Reserve. Fund and $15D00O 0O
.: in the Consumer`: Deposit ';.tf`'•: which is available o :v 4- i�S G �i ate. �i�F; !;4
3
recommend we purchase U.S . Treasury B B e i .s, maturing ngY [;eceSs3i`.e
i 24 1970 and selling at a discount of 6.02%, w c.th the -
..)5 $229 362.56 in the Ca h Reserve i''und and U. S . Treasury
3 Notes, fT9c�;�s6";€g Octt berg 1571 ` ieldif''� with6 79% the
37 $15,000.00 in the Consumers Deposit Fund
39 Upon Council t s _ porova Y $ 1 will order as many U.S . Govern.
` ment Securities that the above cash will purchase,
41
42 Mr . S t C I eman moved d to approve the recommended investments,
41)� seconded by Mr , Blackwood and on unanimous voice vote the
44 motion, was carried .
t_!
.,,w Mr . Beck said he {co concurred in the Black and Veach recommendation
•7 to accept. the Lodge-Cotrei l , bid on the electrostatic p 6reci pu -
48 tat ors for the total cost $5G7,552 .00. He explained that the
49 device is use d to remove fly ash from the to e He recommended
3S•-4'- 'd �y tt ;�'� r�`�c•r i .,%�"-..off' for tye.''�'. present unit should uC'} cc
C� d s. p C e.. t' - e delivered
38 as soon as possible, the one for the new unit to be installed
52 tef e -proper
_ rev Mr . P o Marino moved to accept the bid, .
S3 seconded by Mr o Stol eman and on unanimous voice vote the motion
` was carried
55
5$ Mr Beck recommended lr ed the Board approve the teak i na ofbids on
J f September 21 , 1970 at 7:00porn o two cars c., replace on. 1965
,8 Ford Falcon in the r rc rcdr ng Department which is, in need o
111 59 repairs and one 1963 Ford Falcon in the Commercial -Department ,
60 also in a bad at•_te He recommended al i;erRate bids be asked
61 for 1-970 models Mr 0 B i eckwoor. moved to approve the automo!:!'' s
62 pun ha es s seconded by Mr . El stro and on unanimous voice vote
63 !',hen motion was ca r r e o
64
65 .
Pace 2
Mr E;eck recommended the Boarti authorize the President to
2 sign contractsfor an aw;3 i `iar y trans,orme and air compre
ssors .
w
Mr , Geier moved the Board approve the signing of the con%racf s t,
`i Mr . Po Marino o seconded the motion and on unanimous voice vote
t7 the motion was carried 0
6 I., q
�S City�' Attorney . Cecere reported that heinterviewed, with For
Vf Beck, at si't7' 3.0 conduct feasibility and historical r
> xT _r5 .'c r.; ruLc y to the bond issue, and that another' t
�� F 7 .., �c<�; �?"d.1�. ee Firm will he
ICJ tl�?u.e vroewedo H asked ti� 3'�, he he al lowed o report to the Board
n executive se s 'Jcn0 Prsident F. Marino called
executive meeting at 7 0O p.m. Monday, September /4 1970
}t
UST Mr . Cecere reported that a strip of land owned by D
has Lo
been appraised and a I offer of $U €5 has been received
16 which he wi forward to theBoard of Works . M Be said
. , • that a permanent: , d ght�_of�'we through the property e ok
z �� a 9['Gl,. '�3 ';�s`3v would have
18 to be retained for a otsie l.ine0 President Marino said he
19 thought it might be better to keep I_?�!
the s unless
E 3G�-' is C�°r '�
'ered f � a ^dun a better
I r 0
21
22 .: There being no further business on motion duly made, seconded
and passed, the meeting was adjourned
94
96 /s/ Frank Marino, President
28 ATTEST Lot to Hoskins , Clerk
9