HomeMy Public PortalAbout02-20-1961 9
MINUTES OF THE MEETING OF THE COMMON COUNCIL
SERVING AS COMMITTEE IN CHARGE OF THE OPERATION
OF THE RICHMOND POWER AND LIGHT.
February 20, 1961
Regular session was called to order by Chairman Marino at 7:00 PM, in the
Council Chambers in City Hall. All members 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 Henn moved to allow and pay bills in the amount of $57,282.49
Plus interest•of 1953 Revenue Bonds $ 2,507.50
Plus following transfers from Cash Operating Fund
To Utility Bond Fund $27,846.25
To Depreciation Reserve Fund $36,000.00
To Cash Reserve Fund $52.159.66
• Total $175,795.90
Councilwoman Hoskins seconded the motion, unanimous voice vote.
General Manager Beck, copened sealed bids on a 10-MVA transformer as follows:
Allis-Chalmers-A� g�-Ce, $40,000.00
Westinghouse Electric Corp. 37,375.00
Pennsylvania Transformer 36,000.00
General Electric Co. 36,795.00
Councilman Smithmeyer moved, that the bids be referred to General Manager Beck,
for study and recommendation, seconded by Councilman Yount, unanimous voice vote.
Councilwoman C. Hoskins moved, that the Council concur with the recommendation
of General Manager Beck in awarding the automobile contract to the Kurdys Chev.
Co. as their bid was low ($1851.80) and met specifications, seconded by Council-
man J. Hoskins, unanimous voice vote.
Councilman Yount moved, that the light plant be authorized to purchase additional
switchgear equipment to convert existing network and radial feeder units to a
double-bus scheme, seconded by Councilman Henn, unanimous voice vote,
( price quoted $20,700.00 )
General Manager Beck reported that he had received additional information
concerning the 33,000 KW Turbo-Generator from the Ebasco International Co. but
was not ready to make a recommendation at this time and would continue to study
their specifications.
The Board of Directors authorized Mr. Beck to purchase $50,000.00 in Revenue
Bonds, bearing 3% interest and maturing in 1978.
Councilman Yount moved that the light plant be authorized to increase its
investment in US GovernmentBonds from $1,442,000.00 to $1,587,000.00,
seconded by Councilman Smithmeyer, unanimous voice vote.
The Board of Directors approved Mr. Beck's recommendation to terminate the
contract of the Townsend Tree Trimmers, of Muncie, Indiana, seconded by
Councilman C. Hoskins, unanimous voice vote. (contract to be terminated as of
April 1, 1961)
Councilman Yount moved that this body go on record as being interested in
111 recovering any damages possible from electrical purchases made by the light
plant from companies involved in price fixing. City Attorney Cecere was asked
to keep informed of the proceedings now being held in Washington, concerning
this matter.
There being no further business the meeting adjourned.
Attest: Luu,k NW 1,N CW\ Chairman
City Cl