07-12-2006
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EDGEW ATER POLICE PENSION BOARD
REGULAR MEETING
July 12, 2006
City Hall Conference Room
Minutes
CALL TO ORDER:
Secretary Dan Blazi called The Police Pension Board Regular Meeting to order on
Wednesday March 29,2006 at I :02 p.m. in the City Hall Conference Room.
ROLL CALL:
Secretary Blazi conducted the Roll Call for the Police Pension Board Meeting. Members
present were Ferdinand Heeb, Lawrence Leaf, Melecia Williams, and Daniel Blazi. A
quorum was established. Chaim1an Conroy was not present, and Daniel Blazi acted as
Chairman in his absence. Also present were John Acherl, acting Agent of Record for
Jack Acherl.
APPROV AL OF MINUTES:
Secretary Blazi Called for a review and approval of the Minutes for the May 31, 2006
Edgewater Police Pension Board Regular Meeting.
MOTION
Ferdinand Heeb made a motion to accept the minutes as read. Malecia Williams
seconded this motion.
Motion carried Unanimously
NEW BUSINESS:
Communication From Ken Harrison:
Secretary Blazi presented a letter from Sugarman and Susskind in reference to investment
policy changes. The letter suggested amendments in language for subsections A (4) and
B (4) within the Investment Guidelines. A resolution for Board Review and Approval
was included, along with an Ordinance amendment. Mr. Heeb also made a suggestion
that amendments be automatically incorporated into Local Ordinance.
MOTION
Ferdinand Heeb made a motion to accept the resolution as recommended by Harrison.
Lawrence Leaf seconded this motion.
Motion carried Unanimously
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Bill from Board Attorney:
Secretary Blazi presented the bill from the Board Attorney.
MOTION
Ferdinand Heeb made a motion to pay the attorney bill. Melicia Williams seconded this
motion.
Motion carried Unanimouslv
Communications from Principal and from the State:
Communications from Principal and from the State were reviewed and discussed.
Principal had forwarded an Actuarial Cost Estimate for the proposed changes being
discussed between the City and Union. Also presented were letters from Julie Browning
to city accountant Brett Tanner, and from Patricia Shoemaker to Personnel Director
Deborah Sigler. John Acherl gave a summary of accounts for the period of 10-01-05
through 06-30-06.
OLD BUSINESS:
Investment Policy Review:
Section 3 of the Investment Policy was read by Mr. Heeb, and reviewed by the Board.
This was part of an ongoing process of further education for the Board.
Miscellaneous:
A tentative date for the next regular meeting was scheduled for 08-02-06 at 1 :OOp.m.
Adjournment:
With no further business to discuss, Secretary Blazi called for a motion of adjournment.
MOTION
Ferdinand Heeb made a motion to adiourn. Melicia Williams seconded this motion.
Motion carried Unanimouslv
Meeting was adjourned at 1 :45p.m.
Secretary Dan Blazi
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