HomeMy Public PortalAbout06-17-1968 MINUTES OF THE MEETING OF THE COMMON COUNCIL
OF THE CITY OF RICHMOND, INDIANA SERVING AS A
COMMITTEE IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER AND LIGHT PLANT, JUNE 17, 1968
The Common Council of the City of Richmond, Indiana, serving as a committee in
charge of the operation of the Richmond Power and Light Plant met in regular session
in the Council Chambers in the City Building in said City, Monday, June 17,. 1968, •
at the hour of 7:00 o'clock P.M. (EST). Councilman Geier presiding with the follow-
ing members being present: Messrs. Blackwood, Elstro, Henn, Hilligoss, F. Marino,
P. Marino, Paust and Stigleman. The following business was had to-wit:
Councilman Frank Marino moved the Minutes stand as read, seconded by Councilman Phil
Marino and on unanimous voice vote was carried.
Councilman Elstro moved the following be approved, seconded by Councilman Hilligoss
and on unanimous voice vote was carried.
Approve the following:
Bills in the amount of $217,491.87
Interest Coupons - .1953 Revenue Bonds 150.00 --
1 Payroll 54,642.02
Transfers from Cash Operating Fund to: -
Cash Reserve Fund 84,611.58
Utility Bond Fund 23,530.20
Depreciation Reserve Fund 36,000.00
Mr. Beck presented the following letter to the Board:
A. E. Beck June 10, 1968'
General Manager
After the fund 'transfers are made next Monday night there will be an amount of
$168,000.00 available for investment in, the Cash Reserve Fund.
The -best investment at this _time would be U.S. Treasury bills, maturing December 31,
1968 present yield 5.55%. ...
On approval of, the above we will place our order with the Second National Bank.
/s/ E. S. Porter
Councilman Stigleman moved this authority be given, seconded by Councilman Phil Marino
and on unanimous voice vote was carried. .
Mr. Beck examined Proof of Publication on bids for a truck chassis. Councilman, Hilli-
goss moved Proof of Publication be accepted and filed, seconded by Councilman Stigle-
man and on unanimous voice vote was carried.
The following bid was opened:
Fred First, Inc. C-950 $7,932.53
T.I. 450.00
Net 7,482.53
Councilman Frank Marino moved this bid be given to Mr. Beck for tabulation and
recommendation, seconded by Councilman Elstro and on unanimous voice vote wasc.carried.
Mr. Beck examined Proof of Publication on a line construction body. Councilman
Frank Marino moved Proof of Publication be accepted and filed, seconded by Councilman
Stigleman and on unanimous voice vote was carried. Mr. Beck then opened the following
bids:
Line Construction and Maintenance Body
Bids opened June 17, 1968
Bidder Make Price Del. Date
Stahl Metal Products Stahl $14,811.50 120 to 150 days
4750 West 160th Street
Cleveland, Ohio
Morrison Equipment Co. Speed Line $15,127.00 90 days
24 West Front St.
Cambridge City, Ind.
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R. P. & L. Minutes 6-17-68
Bidder Make Price Del. Date
Delphi Body Works- Captain Tel-E-Lect _$16,000.00 120 days
Box 30
Delphi, Indiana -
Cannon Engineering & . Pitman 16,231.00 90 to 120 days
Equipment Co.. .
222-W._ Hill Valley Dr. •.. -
Indianapolis, Indiana
McCabe-Powers Body Co.111
Powers-American 16,299.72 180 to 210 days_ .
8900 Frost Avenue
St. Lous, Miss.
•
OB Holan Holan 20,594.80. 90 to 120 days
Div. of-Ohio Brass
4100 W. 150th Street _
Cleveland, Ohio
Councilman Phil Marino moved these bids be given to Mr. Beck for tabulation and
recommendation, seconded by Councilman Stigleman and on unanimous voice vote was
carried. •
Mr. Beck asked the Baard's permission to advertise for bids to replace a .1963 Model
With 49,750 miles on it, and needs body work and a new motor, and a 1962 Ford Galaxie
with 41,495 miles on it and needs a lot of motor and body repair. Councilman Henn
moved Mr. Beck be given this permission to advertise for bids, seconded by Councilman
Frank Marino and on -unanimous voice vote was carried.
Councilman Henn asked if they had made any agreement or had had any meeting on light
plant salaries. Councilman Phil Marino reported to Councilman Henn that this would
;be brought up at their Monday night meeting. .
There being no further business on motion duly made, seconded and carried, the
meeting adjourned. :
III
/s/ Jerry Geier, Chairman
ATTEST: /s/ Harold W. Ryan, City Clerk