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HomeMy Public PortalAbout07-05-1966 1z{ =, 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, JULY 5, 1966 The Common Council of the City of Richmond, Indiana serving as a committee in chare of the operation of Richmond Power and Light Plant, met in regular session in the Council Chambers in the City Building in said City, Tuesday, July 5, 1966 at the hour of 7:00 o'clock p.m. (est). Councilman Hilligoss presiding with the following members being present: Messrs. Backmeyer, Bell, Henn, Hollingsworth, Marino, Faust, Youngflesh and Yount. Absent, none. ' The following business was had to-wit minutes of the Councilman Bell moved the reading of the/previous meeting be dispensed with seconded by Councilman Youngflesh and on voice vote was carried. Councilman Yount moved the• following claims be allowed and paid, seconded by Councilman Marino and on voice vote was carried. Approve the following: Bills in the amount of $115,066.03 1 - Payroll 43,980.05 Councilman Backmeyer gave the following report of contributions from Richmond Power & Light to City: Light Plant Assessed Dividends - Tax Rate Total Civil Year Valuation To The City Savings City Tax Rate 1957-1958 $60,216,940• $359,313.66 $0.596 $1.2675 1958-1959 57,915,390 342,170.99 .590 1.28 1959-1960 62,828,400 " 356,400.38 .567 1.23 1960-1961 64,351,420 472,530.10 .734 1.44 1961-1962 66,242,030 551,317.19 .832 1.67 1962-1963 68,810,640 582,231.15 .846 1.66 1963-1964 72,277,060 651,542.08 .901 1.4L,. 1964-1965 75,151,000 661,505.97 .880 1.40 1965-1966 78,344,95o 726,655.75 .927 1.37 1966-1967 78,344,950 858,687.99 1.10 ??? The 1966-1967 dividend to the city is $125,032.24 higher than last year, a 17% increase. Increase in the tax rate savings of 0.169 cents more than last year. Councilman Yount commented that the city should keep in mind that next year the plant will be hard pressed to maintain these figures due to increases in coal costs, salaries and etc. Chairman Hilligoss read the following: FEASIBILITY STUDY For several meetingswe have discussed having a feasibility study. The Black and Veatch report dealt with expanding generation and obtaining a new contract for purchased power. We obtained a new purchased power contract effective January 1, 1966. After interviewing consulting firms, checking references and the proposed scope in detail, Sanderson and Porter were selected. This feasibility study- will provide answers to the following questions: 1. Can Richmond Power and Light continue to operate in the future as it has in the past? If it can, should it do so? Essentially, these questions resolve themselves into whether or not municipal generation can or should be continued in the light of, among other considerations, advancing tech- nology and regional power grid planning by neighboring utilities. II/ .. 2. In well-defined terms and standards of measurement, what is the present value of Richmond Power and Light to the Community, and what may its future value be as a result of alternate considerations and recommendations developed in the course of the study? 3. What alternatives are available in the future to Richmond Power and Light with respect to: electric generation; purchased power; the combination of generation and purchased power; the retirement of equipment; or the partial or complete dale of Richmond Power and Light to a neighboring utility? 4. Are there improvements to the operation of Richmond Power and Light which are economically feasible? 184 R.P.& L.-minutes 7/5/66 cont. Page 2. Sanderson and Porter will not be considered eligible for any design, engineering .or construction that may come as a result of this study. The maximum cost is to be $36,500, however they estimated it would run from $30,000 to $32,000 for the complete report. A contract between the City of Richmond, Indiana and Sanderson and Porter had been pre- pared and Councilman Yount moved that each member of Council sign this document, second- ed by Councilman Bell. A roll call was taken on the motion and the following vote was recorded:' Ayes, Backmeyer, Bell, Henn, Hilligoss, Marino_, Paust, Youngflesh and Yount. Nayes, Hollingsworth. The vote being declared 8-1 in favor of the motion. Mr. Beck reported that the KW peaks that have been recorded for the system shows that there is an immediate need for the purchase of capacitors to keep the voltage upl Specifications have been prepared and it is desired that bids be received August 1, 1966. Councilman Yount moved the General Manager be authorized to receive bids on the 1st day of August, 1966 for capacitators according to specifications on file. Councilman Marino seconded this motion and on voice vote was carried. Mr. Beck reported that the sub-station located at Henley and. Backmeyer roads is over-loaded due to the new shopping centers and it is desired that a new sub-station be located near Elks Road and East Main Streets. Mr. Beck has located lots that are approximately 14,164 sq. ft. of area located on North 35th Street, owned by Elsie Wright and can be obtained for $4,000.00. Councilman Marino moved the General Manager be authorized to make purchase of this land for a new site for a sub-station, seconded by Councilman Henn and on voice vote was carried. - Mr. Beck reported that the Public Service' Commission had approved the new Residential Rate Schedule and is effective as of July 1, 1966. The PSC also had approved the Large Power Rate schedule and.will be effective August 1, 1966. Mr. Rogosch of the General Telephone Company complimented the aid that was given during the outage of telephone service to' Reid Hospital due to a severe storm. Mr. Rogosch also explained that the new building on Chester Blvd. should be completed at the end of the year 1968. There being no further business presented' on motion duly made, seconded and carried the meeting adjourned. , , � �/ ��- John Hilligoss, hairman Attest: I / ZPP ArALL . A,her J. Reeg/ity Cl'r / Councilmen Marino and Yount on Light Plant claims for July, 1966 .