1989-01-26 General Meetingr-/'
Minutes of Trustee Meeting
General, Police & Fire Employees
January 26, 1989
Those Present:
Police: Larry Coonfare, L.C. Fortner, Jr.
Fire: Rick Holt, Bill Douglas and Keith Tomey
General: L.C. Fortner, Jr, Roger Jones, Jim Kirk, Charles Elders
Paying Agent: Bernice Elders
Meeting was called to order by L.C. Fortner at 8:15 AM.
The trustees discussed the CD that was maturing and made the
following motion:
General Employee Trustee: Motion was made by Jim Kirk second by
Charles Elders to invest the General Employee Funds with Naples
Federal for period of 6 months at 8.90% interest. Motion carried.
Firemen Trustees: Motion by Keith Tomey second by Bill Douglas to
"' invest $100,000.00 of the firemens pension funds with Sun Bank for
a 30 day period and the balance at Naples Federal for a 6 month
period.
Because there were only two police trustees at the meeting, it was
decided a separate meeting would be held later to determine where
the police pension funds would be invested.
It was discussed by all trustees that each trustee should make
every effort to attend the meetings. It was suggested that if a
trustee misses two consecutive meeting without a good excuse, the
remaining trustees should request a new trustee be appointed.
Charles Elders made a motion to accept the above as discussed
second by Bill Douglas motion carried.
The trustees discussed the need for a firm to perform the required
performance evaluation as required by State Law. A request that a
request for proposals be sent out to various firms to request the
qualification for each firm and the fees of each firm to perform
the performance evaluation study.
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