HomeMy WebLinkAbout1975-01-06 Minutes•
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MINUTES OF A MEETING OF THE FIREMEN'S
PENSION AND RELIEF FUND
January 6, 1975
The regular monthly meeting of the Firemen's Pension and Relief Board was
held January 6, 1975 at 4:30 p.m. in the City Manager's Office.
Present: Donald L. Grimes, Chairman; Pat Tobin, Treasurer; Darlene West-
hrook brook, Secretary; and Fire Pension Board members Larry Poage,
Donald Miller, and N. D. McChristian
Absent: Fire Chief Charles McWhorter, Ronald McArthur
The meeting was called to order by Chairman Grimes. Following roll call, the
minutes of the December 2, 1974 meeting were considered for approval. There
being no corrections or additions, Larry Poage moved that the minutes be approved.
The motion was seconded by Donald Miller and was passed in a unanimous voice
vote of the Board. The minutes were declared approved as submitted.
Donald Miller, seconded by N. D. McChristian, then moved that the January
pension list be approved. In voicecvote of the Board the motion carried
unanimously.
Treasurer Pat Tobin reported that information was being gathered for submission
to Dr. Bob Hall so that a cost estimate for a proposed study and evaluation of
the pension fund could be made.
Mr. Tobin then informed the Board that $178,000 would be available January 16,
1975 for reinvestment. Following discussion, the Board concurred with a
suggestion from Mr. Grimes to delay a decision regarding the, reinvestment until
the Treasurer had the opportunity to contact financial institutions in order
to obtain the highest interest rate possible on a one-year investment.
Larry Poage then moved to adjourn the meeting untlto held a special meeting on
January 16 at 4:30 p.m. for the purpose of taking action on the reinvestment.•
The motion was seconded by Donald Miller and was passed unanimously by the Board.
The meeting was declared adjourned by Chairman Grimes.
ATTEST:
411
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vett
Westbrook, Secretary
APPROVED:
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Donald L. Grimes, Chairman