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<br />. <br /> <br />. <br /> <br />. <br /> <br />diversity of investments held by the Association which may have increased <br />the risk of loss due to market fluctuations. The Relief Association has <br />experienced very good returns with the SBI. However, even though there is a <br />higher comfort level because a State agency is making closely monitored <br />investment decisions, that does not mean that the investments with the SBI <br />are not subject to the same market volatility as other investments. <br /> <br />Mayor Klinzing and I were at the last Relief Association meeting when the <br />benefit request was discussed and will be available to answer additional <br />questions you may have. Because most Council members are familiar with <br />this issue and have considerable background, I have provided only general <br />background information in this memo. If you would like additional <br />information prior to Monday's meeting, please contact me. As in the past, no <br />recommendation is being made on the requested increase. The Council has <br />had lengthy discussions on the benefit level in the past which have typically <br />resulted in approving benefit amounts which were lower than those <br />requested by the Relief Association. <br /> <br />Action Reauested <br /> <br />The council is asked to consider the Elk River Fire Relief Association's <br />request to increase benefits to $3,370 per year of service for 2000. <br />