HomeMy WebLinkAbout1990-12-27 Minutes•
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MINUTES OF A MEETING OF THE FIRE PENSION BOARD
A meeting of the Fayetteville Fire Pension and Relief Fund Board of
Trustees was held on Thursday, December 27, 1990, at 1:30 p.m. in
Room 326 of City Hall.
PRESENT: Fire Chief Mickey Jackson, Firemen Mike Bonaduce,
John Dill and Pete Reagan, Retiree Darrell Judy,
City Manager Scott Linebaugh, Finance Director Ben
Mayes, and Secretary Lois Day.
ABSENT: City Clerk Sherry Thomas
CALL TO ORDER
The meeting was called to order by City Manager Scott Linebaugh.
MINUTES
Linebaugh, seconded by Jackson, moved to approve the minutes, with
the exception of the salary figures for Eddie Osborne. The correct
figure for his ending salary was $28,911.00 per year. The motion
passed unanimously.
PENSION LIST
Linebaugh stated that there were no changes in the list and a copy
could be obtained if anyone at the meeting so desired. Motion was
made and seconded to approve the pension list as is to this
meeting The motion passed unanimously.
OLD BUSINESS
City Attorney Jerry Rose stated that the trial for Roy A. Skelton
is to be held January 8, 1991. It was requested that members of
the Board attend the trial.
NEW BUSINESS
The Merrill Lynch representative called and could not attend the
meeting due to weather conditions in the area. Linebaugh stated
that the document that was faxed to the Board was incomplete. He
stated that there were two different holdings in the report that
was faxed. The report stated the Department sold 300 shares at a
profit of 14 3/4 a share, and then sold 200 shares at a profit of
17 5/8 per share, for a total of $9,700.58.
The report stated that as of November 30, 1990, the Dow Jones was
down 3.6/8 points
ADJOURNMENT
The meeting was adjourned at 1:45 p.m.