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11-07-2005 l f u u UU EDGEW ATER POLICE PENSION BOARD REGULAR MEETING Monday November 7, 2005 City Hall Conference Room :. Minutes CALL TO ORDER: Chairman Gary Conroy called The Police Pension Board Regular Meeting to order on Monday November 7, 2005 at 1:04 p.m. in the City Hall Conference Room. ROLL CALL: Secretary Dan Blazi conducted the Roll Call for the Police Pension Board Meeting. Members present were Gary Conroy, Ferdinand Heeb, Rene Green, Malecia Williams, and Dan Blazi. A quorum was established. Also present was Jack Ached Agent of Record, John Ached, and Burgess Chambers and Dave West of Burgess Chambers. John Williams of City of Edgewater Finance Department arrived at approximately 1 :25 p.m., and Officer Randy Mumpower arrived at approximately 2:48 p.m. APPROVAL OF MINUTES: Chairman Conroy called for an approval of the Minutes for the October 5, 2005 Edgewater Police Pension Board Regular Meeting. MOTION: Rene Green made a motion to accept the minutes as read. Malecia Williams seconded this motion. Motion Carried Unanimously NEW BUSINESS: Presentation from Burgess Chambers Burgess Chambers gave a presentation of the Asset Allocation as of 09-30-04. Presentation from Jack Acherl Jack Ached Agent of Record gave to the Board a summary of accounts for the period 10- 01-04 through 09-30-05. MOTION: Ferdinand Heeb made a motion to give Chairman Gary Conroy the authority to communicate with Jack Ached and John Williams to complete Asset Allocation Options for the Plan. Rene Green seconded the motion. Motion Carried Unanimously ,~ . u \) ADJOURNMENT: UV MOTION: With no further business to discuss. Dan Blazi made a motion to adiourn. Ferdinand Heef> seconded the motion. Motion Carried Unanimously The meeting was adjourned at 2:55 p.m. Minutes submitted by: Secretary Dan Blazi ~~ 2