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Sebastian Police Pension Board Minutes
October 14, 2014, 10:00 a.m.
Sebastian City Council Chambers
TYPE OF MEETING:
ATTENDEES:
Special
Board Members:
Steve Marcinik, Chair
Robert Zomok, Secretary
Bruce Hoffman
Ken Killgore
EXCUSED: Richard Snell
Draft minutes
CONSULTANTS:
Scott Owens, Morgan Stanley, Douglas Lozen, Foster & Foster
H. Lee Dehner, Attorney
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. Steve Marcinik motioned the minutes of the September 16,
2014 Board Meeting, be reviewed and approved. Motioned seconded by
Bob Zomok and passed unanimously without change.
Sebastian Police Pension Board Draft minutes
SUBJECT
OLD BUSINESS
Draft Proposed Ordinance
Scheduling of City Council Meetings
Ken Killgore stated the upcoming Sebastian City Council meetings
are December 10, 2014, January 14, 2015, January 28, 2015, and
February 11, 2015.
The Board opted to have the First Reading of the proposed
Ordinance at the January 28, 2015 meeting of Sebastian City
Council. The Second Reading would then occur on February 11,
2015.
The Board agreed to meet in Ken Killgore's office at 6:00 PM on
January 28, 2015 for any last minute updates.
Discussion/Questions
As of now, the Presentation to City Council will proceed as follows:
Lee Dehner will present a brief history of the formulation of this
Ordinance and the changes that are included.
Scott Owens will outline the investment flexibility needed in the
marketplace and how the new Ordinance provides for that
flexibility.
Doug Lozen will present the financial impact of the Ordinance on
an immediate as well as projected basis.
SUBJECT
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Sebastian Police Pension Board Draft minutes
NEW BUSINESS
Approval of Invoices
Foster & Foster = $625.00
Christian & Dehner = $1,844.87
Christian & Dehner = $ 928.00
Bruce Hoffman moved to pay the above invoices.
Bob Zomok seconded the motion and it passed unanimously
Bob Zomok moved to add the Slate Trust invoice to the list for
approval and to approve the invoice for payment. Bruce Hoffman
seconded the motion and it passed unanimously.
Slater Trust = $1,250.00
ITEM:
SUBJECT
ACTION ITEMS
RESPONSIBLE PERSON:
Place Proposed Ordinance on the Ken Killgore
Sebastian City Council Agenda for
The First Reading on January 28, 2015
SUBJECT
ADJOURNMENT
10:50 AM. Having no further business for discussion, Chairman Steve
Marcinik adjourned the meeting.
Next regularly scheduled meeting is December 16, 2014, at 10:00 a.m.,
Sebastian City Council Chambers.
Meetings for 2015 are March 17, June 16, September 15, and December
15. All meetings are planned to start at 10 AM in Sebastian City Council
Chambers.
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