HomeMy WebLinkAbout1971-04-05 Minutes• MINUTES OF THE REGULAR MEETING
BOARD OF TRUSTEES
FIREMEN'S PENSION AND RELIEF FUND
April 5, 1971
The regular meeting of the Board of Trustees of the Firemen's Pension and
Relief Fund of Fayetteville, Arkansas, was held in the Directors Room in
the City Administration Building on'Monday, April 5, 1971, at 4:30 P.M.
Present: Secretary LoVetta Moore, Treasurer Patrick J. Tobin, Fire Chief
Burl Skelton, Asst. Fire Chief Charles McWhorter, and Board Members:
Joe Fraley, Paul Logue, Carl Springston and Dean Harris.
Absent: Chairman Wesley M. Howe.
Fire Chief Skelton opened the meeting in Chairman Howe's absence. Chief
Skelton reported the results of the Civil Service Commission hearing that
was held this same date on his suspension and termination as Fire Chief.
He was suspended for an indefinite period as Fire Chief effective March 5,
1971, and a termination notice effective April 26, 1971 was sent to
him March 24, 1971. After the hearing the Commission found that he should
be suspended for 30 days effective March 5, 1971 through April 4, 1971,
and reinstated as Fire Chief effective April 5, 1971. He further stated
that lie was tendering his resignation from the Fire Department effective
this date, and requested the Asst. Fire Chief, Charles McWhorter, to act
as Chairman and conduct this meeting.
• The minutes of the last regular meeting on March 1, 1971, a copy of which
had previously been distributed to each of the Board Members, were approved
after correction.
The Secretary presented the Authorization Form to pay the March pensions.
Mr. Springston moved that the disbursements be allowed. The motion was
seconded by Mr.. Harris, and upon roll call the following vote was recorded:
"Aye" McWhorter, Fraley, Logue, Springston and Harris.
"Nay", None. There being five "Ayes" and no "Nays", the Acting Chairman
declared the motion passed.
Treasurer Tobin reported that the Certificate of Deposit at First Federal
in the amount of $105,000 would mature the latter part of April, 1971.
He stated they would not renew it at the 7-1/2% interest rate but would
renew it at 6% and recommended getting another certificate issued at the
6% rate for one year. Mr. Skelton suggested a two-year certificate due
to the cost of handling and time involved in handling a one-year
certificate. Following discussion by the Board Members, Mr. Fraley
moved that Treasurer Tobin be authorized to obtain a Certificate of
Deposit at First Federal for a term of two years on this $105,000.
The motion was seconded by Mr. Logue, and upon roll call the following
vote was recorded:
"Aye" McWhorter, Fraley, Logue, Springston and Harris.
"Nay", None. There being five "Ayes" and no "Nays", the Acting Chairman
• declared the motion passed.
• Treasurer Tobin distributed copies of a Financial Statement for the period
ended March 31, 1971. In looking over the statement Mr. Skelton questioned
the statement not reflecting the $30,000 investment approved at the last
meeting. Treasurer Tobin explained that at the time this Statement was
prepared a journal entry had not been made on this money but that the
investment had been taken care of. Mr. Skelton also asked if the City
was depositing more than 3% in the Officers Contribution Fund because of
the figure reflected by this Statement. Treasurer Tobin agreed to check
this out.
Acting Chairman presented an Application for Retirement from Clarence Tune.
Mr. Harris moved that Clarence Tune's Retirement Application be accepted
and approved. The motion was seconded by Mr. Springston, and upon roll
call the following vote was recorded:
"Aye", McWhorter, Fraley, Logue, Springston and Harris. "Nay", None.
There being five "Ayes" and no "Nays", the Acting Chairman declared
the motion passed.
Mr. Skelton presented his Application for Retirement for approval by
the Board, subject to submittal of a physical examination report from
his Doctor. Mr. Skelton's retirement pay would include $5.00 per year
for the four years in excess of 20 years service, making an additional
$20.00 per month on his retirement pay. Mr. Harris moved that Burl
Skelton's Retirement Application be accepted and approved. The motion
was seconded by Mr. Logue, and upon roll call the following vote was
recorded:
• "Aye", McWhorter, Fraley, Logue, Springston and Harris. "Nay", None.
There being five "Ayes" and no "Nays", the Acting Chairman declared
the motion passed.
There being no further business, Mr. Fraley moved that the meeting be
adjourned. The motion was seconded by Mr. Springston and passed
unanimously, whereupon the Acting Chairman declared the meeting
adjourned.
ATTEST:(J /I&/&,
R&ore, Secretary
•
APPROVED:
Charles McWhorter
Acting Chairman