HomeMy WebLinkAbout1981-12-07 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 7, 1981, at 4:30 p.m. in the City Manager's Office,
City Administration Building, Fayetteville, Arkansas, 72701.
PRESENT: Paul Logue, Larry Freedle, John Dill, Ralph Tate, Robert Johnson,
City Manager Grimes, Treasurer Linebaugh, and Secretary Vivian Koettel.
ABSENT: None
CALL TO ORDER
City Manager Grimes called the meeting to order.
MINUTES
The minutes of the 11-2-81 meeting were approved, with the following
paragraph added:
"It was agreed that Treasurer Linebuagh would call the City of
Little Rock and see what rate they are getting on their investments and how
their investments are handled."
PENSION LIST
There were no changes to the pension list for December. Motion was
made and seconded to approve the pension list. The motion passed
unanimously.
OLD BUSINESS
Treasurer Linebaugh reported that one CD had come due on November 9,
for $ 212,395 and this had been combined with $101,000 fransavings to make
two CDs. One for $100,000 and the other for $213,395. The $100,000 had
been deposited with First Federal for 182 days at 14.25%. The $213,395
was deposited with First National at 12.75% for 1& days.
One CD came due on 11-24-81 for $100,000. $45,000 was taken from
savings and a CD of $145,000 was deposited with Northwest National Bank
for 182 days at 11.88%
Motion was made and seconded to approve these CDs. Motion passed
unanimously.
NEW BUSINESS
Treasurer Linebaugh reported that the next CD would be due Janaury 18,
1982, after the next meeting.
ADJOURNMENT
There being no further discussion, the meeting adjourned.
Vivian Koettel, Secretary
onald L. Grimes, C airman