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04-12-2006 - Special Q u EDGEW A TER POLICE PENSION BOARD SPECIAL MEETING Monday April 12, 2006 City Hall Conference Room Minutes CALL TO ORDER: Chairman Gary Conroy called The Police Pension Board Special Meeting to order on Monday April 12, 2006 at 10:42a.m. in the City Hall Conference Room. ROLL CALL: Secretary Blazi conducted the Roll Call for the Police Pension Board Special Meeting. Members present were Gary Conroy, Dan Blazi, and Melicia Williams. Lawrence Leaf and Ferdinand Heeb were absent. A quorum was established. Also present were Jack Acherl Agent of Record, John Acherl, Debbie Ziegler and Donna Looney of the Personnel Department, Finance Director Jon Williams, Joseph Bogdon, and Bradley Heinrichs. APPROVAL OF MINUTES: Due to the fact this was a special meeting, no previous minutes were read. NEW BUSINESS: Presentation from Bogdon Consulting: Joseph Bogdon explained that the primary purpose of the meeting had been for the review of the investment policy. It was explained they had not received the investment policy for review up to the time of the meeting. Chairman Conroy informed Bogdon Consulting that we had an investment policy, and make that available for them. Joseph Bogdon then showed an example of an investment policy for review by the Board. Joseph Bogdon went through the example investment policy with the Board members present. The fiduciary responsibilities of the Board were then explained, and the fact that the Board utilized professionals to help in the decision making process. Jack Acherl then talked with Joseph Bogdon in reference to their presentation. Due to the fact that Bogdon Consulting had not reviewed the policy, no further discussion occurred beyond a basic presentation of services. Arrangements were made for Bogdon Consulting to obtain the investment policy for review. With no further business to discuss, the meeting was adjourned at 11 :27a.m. Secretary Dan Blazi ~~