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AGENDA
FAYETTEVILLE FIRE PENSION
MARCH 30, 2000
A meeting of the Fayetteville Fire Pension and Relief Fund Board will be held on March 30,
2000 at 11:00 a.m. in Room 326 of the City Administration Building located at 113 W. Mountain
Street, Fayetteville, Arkansas.
1. Approval of the minutes
2. Approval of the pension list
3. Investment report
4. Other
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MINUTES OF A MEETING
OF THE
FAYETTEVILLE FIRE PENSION AND RELIEF FUND
FEBRUARY 24, 2000
A meeting of the Fayetteville Fire Pension and Relief Fund Board was held on February 24, 2000
at 11:00 a.m. in Room 313 of the City Administration Building located at 113 West Mountain
Street, Fayetteville, Arkansas.
PRESENT: Mayor Hanna, Pete Reagan, Manon Doss, Darrell Judy, Ron Wood, City Clerk
Heather Woodruff, and Administrative Services Director John Maguire.
ABSENT: John Dill.
MINUTES
Mr. Pete Reagan moved to approve the minutes. Mr. Ron Wood seconded the motion. Upon roll
call the motion carried unanimously.
PENSION LIST
Mr. Reagan moved to approve the pension list. Mr. Judy seconded the motion. Upon roll call
the motion carried unanimously.
INVESTMENT REPORT
Mr. Yada, Merrill Lynch, stated they were looking at moving Private Portfolio Group to a
growth manager. Currently, the investment portfolio allowed 50% in growth Stocks. If they
wanted to increase that amount the board would need to change the investment policy. He
recommended moving half of the private portfolio to Mercury Management. He thought this
would diversify the account more. He presented a chart illustrating the difference between Value
Stock and Growth Stock. He did not recommend pulling out of Ashland, but recommended
shifting some of the money from the private portfolio to Mercury for greater growth potential.
In response to questions from Mr. Maguire, Mr. Yada stated they would move half of Ashland
account to Mercury. It would be 100% stock transaction with a fee of 1%. He explained it
would be a cash transfer and would not cost the fund because it was a wrap account.
Mr. Reagan moved to go with Mr. Yada's recommendation and to move half of the money from
the private portfolio group to Mercury Management. Mr. Wood seconded the motion. Upon
roll call the motion carried unanimously.
LONNIE NAPIER
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Mr. Reagan moved to approve Lonnie Napiei's application for Drop. Mr. Wood seconded the
motion. Upon roll call the motion carried unanimously.
Meeting adjoumed at 11:40 a.m.
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THIS WARRANT VOID AFTER JUNE 30, 2001 00E-0760458
Aubitor of State of Arkansas
To the State Treasurer, Little Roc , Ark
PAY TO THE ORDER OF:
CITY OF FAYETTEVILLE, TREAS
FAYETTEVILLE FIRE DEPT
DO NOT BEND, FOLD OR MUTILATE
1906 16ii' i:08 200 76 781:
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DOLLARS
8***12843
CENTS
52
RGEO U SU: A TRE STAR OE AbjtlAS TO
1E1E11 WO THE STAR TREASURER IS IE®T
OM SUI To TRE ORM OF THE PARE OUT OF
• TEIEA AREcaRR•
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200760458"
MIKE HUCKABEE
GOVERNOR
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STATE OF ARKANSAS
DEPARTMENT OF EMERGENCY MANAGEMENT
P.O. BOX 758
CONWAY, ARKANSAS 72033-0758
(501) 730-9750
FAX (501) 730-9754
www.adem.state.ar.us
TO: Ms. Traci Paul, Treasurer
City of Fayetteville, Washington County
FROM: Office of Fire Services
W.R. "BUD" HARPER
DIRECTOR
DATE: February 18, 2000
SUBJECT: Insurance Premium Funds — First Quarter 2000
Act 833 of 1991 provided insurance premium funds to certified fire departments and
enclosed is the following check:
$12,843.52 Fayetteville Fire Department
I am pleased that you are participating in this program and I know this money will make
Arkansas a safer place in which to live.
These funds are subject to audit and are to be used in accordance with Act 833 of 1991.
Please sign this receipt, retain a copy for your files and return the original to this
office.
Office of Fire Services
Arkansas Department of Emergency Management
P. O. Box 758
Conway, AR 72033
Enclosure
RECEIVED
FEB 2 2 2000
CITY OF Fi.YL '
. CITY CLERK'S OFFICE
Fire Department's Authorized Representative Date
AN EQUAL OPPORTUNITY EMPLOYER