HomeMy WebLinkAbout12162014 PRB MinutesDRAFT
Sebastian Police Pension Board Minutes
December 16,2014, 10:00 a.m.
Sebastian City Council Chambers
TYPE OF MEETING: Regularly Scheduled
ATTENDEES: Board Members:
Steve Marcinik, Chair
Robert Zomok, Secretary
Bruce Hoffman
Ken Killgore
EXCUSED: Richard Snell
CONSULTANTS:
Scott Owens, Morgan Stanley, Douglas Lozen, Foster & Foster
Grant McMurry, ICC Capital Mgmt. (Portfolio Manager)
H. Lee Dehner, Attorney
Investment Portfolio and Fund Review (written reports only)
SUBJECT
CALL TO ORDER
10:00 a.m. There being a quorum present, Steve Marcinik, called the
meeting to order.
SUBJECT
APPROVAL OF MINUTES
10:05 a.m. Bruce Hoffman motioned the minutes of the October 14,
2014 Board Meeting be reviewed and approved. Motioned seconded by
Ken Killgore and passed unanimously without change.
SUBJECT
OLD BUSINESS
Placing the Ordinance on the City Council Agenda.
Scheduled for January 28, 2015.
Draft Sebastian Police Pension Board Minutes 12/16/2014
2
SUBJECT
NEW BUSINESS
Approve Excused Absence of Rich Snell
Approval of Invoices:
Sebastian Insurance LLC - $3,121.05
Fiduciary Liability Policy 1 Year Premium
Morgan Stanley Smith Barney - $3,375.00
Fees for Quarter Ending 9/30/14 - $1,844.87
Christiansen & Dehner, P.A. - $4,112.90
05/23/14 Summary Plan Description
06/17/14 Board Meeting
08/21/14 Phone Call With Chairperson
10/14/14 Board Meeting
Bob Zomok moved to approve the expenditures listed above. Bruce
Hoffman seconded the motion and the motion passed unanimously.
The information submitted concerning the review of the Investment
Portfolio was reviewed and discussed.
SUBJECT
ADJOURNMENT
10:15 AM. Having no further business for discussion, Chairman Steve
Marcinik adjourned the meeting.
Next regularly scheduled meeting is March 17, 2015, at 10:00 a.m. in
Sebastian City Council Chambers.
Reminder:
We will meet at 6:00 PM on Wednesday, January 28, 2015 in Ken
Killgore's office prior to the City Council Meeting
Draft Sebastian Police Pension Board Minutes 12/16/2014