HomeMy Public PortalAbout12-18-1967 2; -
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, DECEMBER 18, 1967
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,
December 18, 1967 at the hour of 7:00 o'clock p.m. (est). Councilman Backmeyer
presiding with the fo llowing members being present: Messrs. Bell, Henn, Hilligoss,
Hollingsworth, Marino, Paust, Youngflesh and Yount. The following business was had.
to-wit:
Councilman Henn moved the following corrections be made to the minutes of
December 4, 1967. The General Manager be authorized to sign an agreement be-
tween the Richmond Power and Light and Mr. A15Rehling,-_rea17estate broker,
authorizing Mr. Rehling to serve as a broker for the Richmond Power and Light
in negotiations to secure land for the downtown office. Councilman Hilligoss
seconded this motion and on voice vote was carried 8-1. Marino voting nay.
Councilman Yount moved the minutes of the previous meeting be approved as
corrected without reading aloud, seconded by Councilman Youngflesh and owvoice
vote was carried.
Chairman Backmeyer thanked the members of Council for the assistance given him
in making the past year as chairman an enjoyable year.
Councilman Yount moved the following claims be allowed and paid, seconded by
Councilman Hilligoss and on voice vote was carried: -
Approve the followin g:
Bills in the amount of $188,575.59
Interest Coupons - 1953 Revenue Bonds 32.50
1 Payroll 53065.97
Transfers from Cash Operating Fund to: .
Utility Bond Fund 23,852.92
Cash Reserve Fund 101,451.33
Depreciation Reserve Fund 36,000.00
Mr. Beck presented the following and read aloud:
December 13, 1967
A. E. Beck
General Manager
After the fund transfers are made at the next Council Meeting, there will
be an amount 'of $100,000.00 available for investment in the Cash Reserve Fund.
On December 31st, we have a total of $975,000.00 in U.S. Treasury bills
maturing which will be more than enough to pay the City dividend.
We believe that the amount of $100,000.00 should be invested in U.S..
Treasury Notes, 5711% maturing in November 1968. These notes are now quoted
at 99.22, to yield 5.6%.
On approval of the above, we will place our order with the Second National
Bank. . ,
/s/ E. S. Porter
General Office Manager
Councilman Youngflesh moved the General Manager be authorized to invest the
sum of $100,000.00 in U.S. Treasury Notes;• 5 %, maturing in November 1968 and
further there will not be need for this amount during this period. Councilman
Hollingsworth seconded this motion and on voice vote was carried 9-0.
Councilman Marino moved the employees of the Richmond Power and Light be given the
usual sum of $5.00 and the motion excluded elected officials. Councilman Hollings-
worth seconded this motion and on voice vote was carried 9-0.
4.
R.P. & L. minutes 12/18/67 cont.
Mr. Beck presented the tabulation of the bids opened December 4, 1967 for furnishing
(3) 15 KV Oil Circuit Breakers.
UNIT SHIPPING
BIDDER MPGR. & TYPE PRICE TOTAL - DATE
Allis-Chalmers Allis-Chalmers SDO-15-500 $ 4,320.00 $12,960.00 April 1968
3590 No. Meridian Street 1 Windlass Tank Lifter Included
Indianapolis, Ind. 46208 above
Westinghouse Elec.Supply Co. Westinghouse 144-GC-500 4,496.00 13,488.00
2315 No. Walnut Street 1 Tank Lifter 120.00 ea. 18 Wks.
Box 2666
Muncie, Ind. 47305
Richmond Electric Co. General Elec.FKD-14.4-500 13,608.00 30 Wks.
1024-26 Main Street
Mr. Beck stated that he recommends the bid of the Allis-Chalmers although they didn't
submit with the bid the condenser bushings.
Councilman Marino moved this body concur in the recommendation of the General Manager
to purchase the (3) 15 KV Oil Circuit Breakers from the Allis-Chalmers. Councilman
Yount seconded this motion and on voice vote was carried 9-0.
Mr. Beck presented the tabulation of bids opened December 4, 1967 for furnishing (1)
new 1968 - 4 door sedan.
BIDDER MAKE & SERIES AMOUNT DEL. DATE
Wells Pontiac, Inc. Pontiac Catalina $ 2,679.79 6 Weeks
1410 E. Main Street
Kurdys Chevrolet, Inc. Chevrolet Impala 2,686.31 Approx.30 days
5500 Nat'l 8d. East
Bowens Oldsmobile Oldsmobile Delmont 2,842.00 Approx.3 Weeks
201 E. Main Street
Mr. Beck stated that he recommends the bid of the Wells Pontiac, Inc.
Councilman Henn moved this body concur in the recommendation of tie General Manager
to purchase the 1968 Pontiac Catalina from the Wells Pontiac, Inc. Councilman
Marino seconded this motion and on voice vote was carried 9-0.
Mr. Beck requested authorization to advertise for bids for furnishing high voltage
cable to be used for the Earlham Substation.
Councilman Yount moved the General Manager be authorized to advertise and receive bids
for the new cable January 15, 1968. Councilman Hilligoss seconded this motion and on
voice vote was carried 9-0.
Councilman Hilligoss gave a resume of the earnings of the Light Plant for the past four
years and also for the previous four years.
Before adjournment Councilman Hilligoss presented Chairman Backmeyer with a plaque on
behalf of Council for his untiring effort toward that of having a very successful year.
at the helm.
Chairman Backmeyer thanked all Council and otters who gave him the assistance to
achieve the successful year.
There being no further business on motion duly made, seconded and carried the meeting
adjourned.
'7:41
Paul Backmeyer, Chairman
Attest:
Ather J. Reeg, y Clerk