HomeMy WebLinkAbout1980-12-01 MinutesMINUTES OF A FIREMEN'S PENSION AND RELIEF BOARD MEETING
A meeting of the Firemen's Pension and Relief Board was held on Monday,
December 1, 1980, at 4:30 p.m. in the City Manager's Office, City
Administration Building, Fayetteville, Arkansas.
PRESENT: Treasurer Scott Linebaugh; Secretary Vivian Koettel; Members
Paul Logue, Troy Osburn, Ralph Tate, Gene Warford, Larry Freedle;
City Manager Grimes
MINUTES
The minutes of the November 3, 1980 meeting were approved as submitted.
PENSION LIST
There were no additions to the pension list for the month of December.
Larry Freedle, seconded by Gene Warford, moved to approve the pension list
for the month of December and the motion passed unanimously.
INVESTMENTS
Treasurer Linebaugh reported that certificate #4336 had been placed
in Northwest National Bank for one year at 14.75%. The CD is for $100,000.
Mr. Linebaugh reported that there were no CDs coming up for the month
of December. He stated that the next two were due January 17 and January
25 in the amounts of $164,000 and $112,000.
City Manager Grimes asked Treasurer Linebaugh if there were any
investments drawing low enough interest rates to cause the Board to consider
withdrawing them and taking a penalty and reinvesting at a higher rate of
interest.
Treasurer Linebaugh answered there were none drawing low enough interest
for that action to be profitable, but that he would keep the Board informed.
OTHER BUSINESS
Fire Chief Logue reported that Retired Fireman James:2E. Harris' wife
passed away and asked that he be informed on whom his beneficiary would be
under the pension plan.
ADJOURNMENT
There being no further discussion, the meeting adjourned at 4:40 p.m.
ATTEST: APPROVED:
Koette , Secretary
d L. Grimes, Chairman