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HomeMy WebLinkAboutMINUTES Light and Power Committee 1975-08-077-fl Light &Power Committee /AuguSt 7,1975 RECORD OF PROCEEDINGS Committee: Attending: Also Attending: Chairman Petrocine;Trustees Wagner and Burgess Chairman Petrocine;Trustee Burgess Town Administrator Hill,Director Dekker,Finance Officer Duncan,Administrative Assistant Middaugh and Stuart Jordan from R.W.Beck &Associates. Absent: RATE STUDY: Trustee Wagner Mr.Stuart Jordan,rate engineer from R.W. a preliminary rate requirement report based of January 1,1975.The preliminary report rate increase of approximately 15%or 16%. that Mr.Jordan proceed with the rate study Mr.Leonard Campbell be retained as special liminary report is attached and made a part 1976 BUDGET: Beck and Assoc.,presented upon the operating ratio as indicates the need for a The Committee recommends on a pass on basis and that legal counsel.The pre— of these minutes. The Committee went over the first draft of the 1976 budget. P.R.P.A.REPORT: Director Dekker discussed briefly items in the July 23,1975 P.R.P.A. Board Minutes.On Friday,September 19th,there will be a Yampa Pro ject tour for city councils to see the Craig plant site.The current schedule on a bond closing for the sale of the P.R.P.A.bonds should be on or about September 10th. CURRENT INFORMATION ITEMS: a.)Vehicles 1.)The 4 ND Ford service truck was shipped from the factory on July 31,1975 and should be delivered soon.The utility body for the truck is in stock in Denver. 2.)Line truck specifications have been established. dealers have demonstrated their units and quoted prices.Further investigation will be made. Several approximate 3.)The departmnet is looking at combination trenching and back hoe units.After seeing a few more demonstrations,a report will be brought to committee. 5.)Paving has been installed in the shop area as previously authorized. Surfacing the drainage ditch area was done by Department employees using surplus hot mix material. c.)Debris getting into the turbine necessitated shutting down the Hydro—plant for about 1½days for repair work. d.)Adjoining cities have different policies concerning the use and shared financing of safety glasses and shoes for their employees. The committee requests more information before making a decision. REQUEST FOR CALCULATOR: Finance Officer Duncan requested authorization to purchase a calculator 00 RECORD OF PROCEEDINGS Light &Power Committee August 7,1975 Page two (2) presently on rental plan for $254.00.The Committee recommends approval. There being no further business,the meeting adjourned. Ll%A.Duncan,Finance Officer ..‘-.. APPROVED 1\UG 12 1975 TCi.’1 OF L3TE3 PARK BOARD OF TRUSTEES PRELIMINAPYTOWNOFETESPARKOPERATINGRESULTSTESTYEARENDINGJANUARY31,1974August7,1975RevenuesenseSRateIncreaseRequiredtoOperatingMaintainOperatingRatio-%Ratioof75.93%%RateIncreaseRequiredtoMaintain75.93%OperatingRatioAsAdjustedforfilingofAugust28,1974FilingPlusWageIncreases-July1974(4%)andJanuary1975(10%)FilingPlusWageIncreasesandJan.1975PurchasedPowerIncreaseFilingPlusWageIncreasesPlusJan.1975&Jan.1976PurchasedPowerIncreases(1)BasedonNewRatesPlacedInEffectOctober1974.(2)WageIncreasesEstimatedasFollows:July1974Increasef4%)Jan.1975Increase(10%)Total$72,19389,917$162,11046,9Z64.97142,00515.04$260,42527.58$944,242(1)$944,242$716,996$752,594(2)$944,242$824,787(3)75.93-79.7087.3596.87$944,242Footnotes:$914,704(3)$9,88825,710$35,598(3)PurchasedPowerIncreasesasFollows:1975Increase—29%Jan.1976Increase-28%Total