HomeMy Public PortalAbout03-18-1963 61
MINUTES OF THE MEETING OF THE RICHMOND
Comm COUNCIL SERVING AS A COMMITTEE
IN CHARGE OF THE OPERATION OF THE _
RICHMOND POWER AND LIGHT
MARCH 18. 1963
Regular session was called to order by .Chairman Marino at 7:00 PM,.
in the Council Chambers in City Hall . All members were present.
The following business was had to-wit :
Councilman J. Hoskins moved that the reading of the minutes of the
previous meeting be dispensed with, sedonded by Councilman Corsi,
unanimous voice vote.
Councilman Lawler moved that the bills in the amount of $104 ,72M.73
Interest on Revenue Bonds 348.75
be allowed and paid, seconded by Councilman Henn, unanimous voice
vote.
THE BOARD APPROVED THE FOLLOWING TRAPS CTIONS:
Transfers from Cash Operating Fund to :
Depreciation Reserve Fund 36,000.00
Utility Bond Fund 26,491.04
Cash Reserve Fund , 75 ,219.72
General Manager Beck said that all the data would be compiled by the
next meeting, April 1, 1963, concerning the proposal to purchase approx.
II72 customers from the Public Service Company of Indiana.
General Manager Beck reported that the generation for the plant was
up approx. 8% to date this year over the same period in 1962 , and for
the month of February the system demand was up 7.5%,and the peak load
was up 6.08% over February 1962 .
Mr. Beck reported that moving into the new service building was nearly
completed, and that a date for an "Open House" would be announced soon.
Councilman Marino moved that the meeting be adjourned, there being no
further business, seconded by Councilman Lawler, unanimous voice vote.
Chairman
Attest:
Clerk