HomeMy Public PortalAbout12-20-1948 212.
MEETING OF THE COMMON COUNCIL,SERVING AS A COMMITTEE IN' CHARGE
OF THE OPERATION OF THE MUNICIPAL FT,H,CTRIC LIGHTING AND POWER
PLANT OF THE CITY OF. RICHMOND,INDIANA,MONDAY,DECEMBER 20,1948.
The Common Council of the City of Richmond,Indiana, serving as a committee in
charge of the operation of the Municipal Electric Lighting;and Power Plant of
said City, met i regular session in the Council Chambers of said. City,Monday
December 20,1948 at .8:30 P.M. Councilman Tracy presiding :with the following
metibers being present: Messrs. Baldwin,Clumbers•,-Eastman,Harris,Law,Marino,Myers,
Russell. The following proceeedings were had,to-wit;
The minutes of the previous meeting were dispensed with.
Mr. Beck reported -that a letter was received from the General •°'lectric
stating that it would be an early date in January,l949 before a definite
date could, be set by said company to send a Turbine Supervisor into the plant
to inspect #1 and #2 Turbines.
Councilman Harris explained to the committee that in his judgement after a
thorough study of a previous ration and approved by the committee on the 4+th
day of October,1948 of changing the Depreciation rate of the plant from 31- •
percent to 5 percent; that this policy is more deterimental to the future of
the plant, than good. Councilman Harris then moved that the motion that was
approved on the .4th day of October,191+8 be recinded and that the plant
Depreciation rate continue on the 32 percent rate. This motion was seconded. by
Councilman Eastman and the following vote was recorded;Ayes,Nine,Noes,'None.
The vote being in favor of the motion and was so ordered.
•
A letter was. presented and read from the Retail Merchants of Richmond Assn.
thanking the committee for the fine co-operation rendered on the Xmas lights
and lighting for this year.
Chairman Tracy advised the Sub-committee to make a thorough study of the
subsidy plan for a definite policy to present at the next regular meeting in
the form of a motion for a final vote.
.The committee allowed claims in the amount of $ 88,990.36. Of this amount
a transfer of $ 10,504.46 was from the Depreciation Reserve Fund. Cash.
The 1949 light plant budget was not considered at this meeting due to the.
Corporation Councler, Mr. Haworth being confined to his home.
Upon proper motion the committee adjourned. _ %:__••\
/ Chairman
Attest: ,� i ••
City. erk.