HomeMy Public PortalAbout02-18-1963 59
MINUTES OF THE MEETING OF THE RICHMOND
COMMON COUNCIL SERVING AS A COMMITTEE
IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER AND LIGHT
FEBRUARY 18 1963
II 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 Johnson moved that the reading of the minutes of the
previous meeting be dispensed with, seconded by Councilman J. Hoskins,
unanimous voice vote.
Councilman Corsi moved that the bills in the amount of $127,720.48
Interest on 1953 Revenue Bonds 4,066.25
be allowed and paid, seconded by Councilman Johnson, unanimous voice
vote.
THE BOARD OF DIRECTORS APPROVED THE FOLLOWING TRANSFERS FROM CASH
OPERATING FUND TO:
Depreciation Reserve Fund 36,000.00
Utility Bond Fund . 26,455.04
Cash Reserve Fund 58,895.84
Councilman Corsi moved that the Board of Directors authorize the Richmond
II Power and Light to invest $150,000.00 in U.S. Treasury Bonds, sed°onded
by Councilman Henn, unanimous voice vote.
Councilman J. Hoskins moved that the Board approve the recommendation
of General Manager Beck to accept the low bid of Kurdys Chevrolet
for a new 1963 Coivair 500 2 Door Sedan, for the use of the meter
department - Total cost $1596.69 - Trade in 1954 Chev. 2 Door,
seconded by Councilman Youa}t, unanimous voice vote.
Councilman Johnson moved that the Board approve the recommendation
of General Manager Beck to accept the low bid of Kurdys Chevrolet
for the purchase of a new 1963 Chevy 2 - 100 4 Door Sedan - Total
cost $1629.51 - Trgde in 1956 Plymouth, seconded by Councilman
Lawler, unanimous voice vote.
General Manager Beck reported the following quotations for a sign
for the new service building:
Richmond Sign Co. $2335.00 Richmond, Ind .
Wayne Sigh Co. 1328.00 . " "
Boxell Sign Co. 2447.00 Muncie "
Councilman Yount moved to authorize General Manager Beck to accept
II the low bid of Wayne Sign Co. , seconded b Councilwoman C. Hoskins.
Councilman Henn asked that the bids be held over for more study.
Councilman Yount withdrew his motion, Councilwoman C. Hoskins with-
drew her second, Chairmen Marino tabled the quotations for further
study.
Councilman J. Hoskins moved that the meeting be adjourned, seconded
by Councilman Corsi, unanimous voice vote.
Chairman
Attest:
Clerk