HomeMy WebLinkAbout2002-06-26 MinutesMINUTES OF A MEETING
OF THE
FIREMEN'S PENSION AND RELIEF FUND BORD
June 27, 2002
A meeting of the Firemen's Pension and Relief Fund Board was held on June 27, 2002 at
11:00 a.m. in Room 326 of the City Administration Building located at 113 West
Mountain Street, Fayetteville, Arkansas.
PRESENT: Mayor Dan Coody, Pete Reagan, Robert Johnson, Marion Doss, Danny
Farrar, Ronnie Wood, Gina Robert, Kit Williams.
MINUTES
Mr. Reagan moved to approve the minutes. Mr. Johnson seconded. The motion passed
unanimously.
PENSION LIST
Mr. Reagan moved to approve the pension list. Mr. Johnson seconded. The motion
passed unanimously.
INVESTMENT REPORT
Mr. Gib Weisbecker, Merrill Lynch, gave the investment report. Stated interest rates
were near an a forty year low. In response to questions, he stated they had no World
Com stock. Ashland in 19999 was 8% over the S&P, in 2000 and 2001 they were down,
but overall in the history of the stock market they looked okay. Mercury was under
performing. In 1999 MIAM was up 5.87%.
OTHER BUSINESS
Ms. Peggy Vice, Purchasing, stated she had sent out the RFP yesterday to thirteen
different firms. She had two more firms to send the request out to. The proposals were
due back on July 12, 2002.
A meeting was set up for July 18 to make a short list of the firms. Interviews were to be
set up on July 24, 2002, thirty minute interviews for each firm.
Mr. Reagan stated he would like Marsha Farthing there at the next meeting to answer
questions about the budget performance report handed out.
The meeting adjourned at 12.:05 p.m.