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12-12-2011 Edgewater Firefighter's Pension Fund December 12, 2011 Association Building 6:00 p.m. CALL TO ORDER: Chairman Jollie called to order the regular meeting of the Edgewater Firefighters' Pension Fund Board on December 12, 2011 at 6:01 p.m. at the Edgewater Fire Rescue Association. ROLL CALL: Members present were Chairman Jim Jollie, Ron Hayward, Gary Butt, Debbie Harrison and Shontella Jackson, Recording Secretary. Also present were Jack Evatt of Bogdahn Group. Mrs. Barbara Scott arrived at 6:15 pm. APPROVAL OF MINUTES: The minutes of September 19, 2011 meeting was submitted for approval. MOTION by Ron Hayward, SECOND by Gary Butt to approve the minutes of September 19, 2011 Edgewater Firefighter's Pension Board as written. MOTION CARRIED UNANIMOUSLY. NEW BUSINESS: Presentation by Bogdahn Consultants Jack Evatt of Bogdahn Group presented the third quarter report ending September 30, 2011. The Board reviewed and discussed the quarterly report. Mr. Evatt presented a draft of the Investment Policy for the Board to review. After discussion, Chairman Jim Jollie passed the gavel to Debbie Harrison. MOTION by Jim Jollie, SECOND by Ron Hayward to accept the investment policy. MOTION CARRIED UNANIMOUSLY. The gavel was passed back to Chairman Jim Jollie. INVOICE(S) Sugarman & Susskind PA $612.50 The Board reviewed the invoice provided by Sugarman & Susskind PA in the amount of $612.50 dated November 9, 2011. The Board is requesting clarification of the invoice before the payment is submitted ADJOURNMENT: Chairman Jim Jollie adjourned the meeting at 6:55 p.m. Minutes respectfully submitted by: Shontella Jackson, Recording Secretary