02-01-2005
Edgewater Firefighter's Pension Fund
Regular Meeting
February 1, 2005
Edgewater Fire Rescue Station 57
2626 Hibiscus
5:30 p.m.
CALL TO ORDER:
Chairman Jollie called to order the regular meeting of the Edgewater
Firefighters' Pension Fund Board on February 1, 2005 at 5:40 p.m. at
Edgewater Fire Rescue Station 57.
ROLL CALL:
Members present were Chairman Jim Jollie, Co-Chairman Ron Hayward,
Mr. Gary Butt, and Ms. Laura Reilly. Also present was Fire Chief Tracey
Barlow and Shontella Jackson, Recording Secretary.
Special guest appearance by Molly Halcom of Trustco.
Absent and excused was Marty Tse.
APPROVAL OF MINUTES:
The minutes of the November 30, 2004 meeting was submitted for
approval. MOTION bv Gary Butt. SECOND bv Laura Reillv to adoDt
the minutes of ReEnllar Ede:ewater Firefie:hter's Pension Board on
November 30. 2004 with the followine: revisions:
Page 1, Old Business, last sentence:
"Gary Butts Butt letter will be forwarded to City Council for
reappointment by the Board." MOTION to adoDt revised minutes
CARRIED unanimously 4-0.
NEW BUSINESS:
Molly Halcom of Trustco Capital Management was present to gIve an
overview on the investment plan. Contributions to the plan in the
amount of $274,138, withdrawals in the amount of $15,340 with a gain
of $184,784. Portfolio value ending December 31,2004 is $2,320,198.
Molly Halcom stated that the plan is doing well.
Chairman Jollie reviewed the proposal from Sugarman & Susskind with
the Board. Chairman Jollie will meet with City Hall on the proposal
Edgewater Firefighters' Pension Fund
Regular Meeting
2/1/05 Page 2
received from Sugarman & Susskind. MOTION bv Laura Reillv.
SECOND bv Garv Butt to accent the nronosal as written and allow
Chairman Jollie to submit the nronosal to the Citv for review.
MOTION CARRIED UNANIMOUSLY 4-0.
Chairman Jollie announced Gary Butt has been reappointed by City
Council for an additional two-years.
OLD BUSINESS:
None.
DISCUSSION ITEMS:
None.
ADJOURNMENT:
Chairman Jim Jollie adiourned the meetin2: at 6: 15 p.m.
Minutes respectfully submitted by:
Shontella Jackson
Recording Secretary
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