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Home My WebLink About2001-05-21 Minutes• MINUTES OF A MEETING OF THE FAYETTEVILLE POLICE PENSION AND RELIEF FUND BOARD MAY 21, 2001 A special meeting of the Fayetteville Police Pension and Relief Fund Board was held on May 21, 2001 in Room 326 of the City Admimstration Building. PRESENT: Mayor Coody, Eldon Roberts, Jerry Friend, Hollis Spencer, Dr. Mashbum, Randy Bradley, Heather Woodruff, Steve Davis, Kit Williams and John Maguire. Mr. Williams stated they would need a motion to pay the amount ordered by the Judge for the attorney's fees that amount is $26,683.69. He added the Fire Pension Fund would be responsible for the other half. Mr. Roberts stated he had contacted their investment person and asked them to get with our accounting department to make sure that amount was in our checking account in order to pay this bill. Mr. Williams explained the judge had ordered this amount to be paid. There was a stipulated amount of $213,000. Attorney fees were twenty-five percent of that. Mr. Spencer moved to pay the bill for attorney fees. Mr. Roberts seconded the motion. The motion carried unanimously. Mr. Williams stated there was also a bill from the County which represented one-half of what was owed to the tax payers. Dr. Mashbum asked if this took into account the people who did not request their money back. He had not requested his money back. He wanted it to stay where it could do the most good. Mr. Williams replied it did. This was only the amount that was actually going to paid back to the tax payers. In response to questions from Mr Roberts, Mr. Williams stated in order for the attomeys to collect their check they would have to sign a release stating the attorney fees were paid in full. Mr. Roberts asked when the other half of the County's fees would be due. Mr. Williams replied it would be next year. There would also be some administrative fees, however, that would be a pretty small amount. Mr. Roberts moved to pay the refund amount to the county. Mr. Friend seconded the motion. The motion carried unanimously. • Meeting adjourned.