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HomeMy WebLinkAbout08172012 PRBI DRAFT Sebastian Police Pension Board Minutes: August 17, 2012, 10:00 a.m. TYPE OF MEETING: Special Meeting Sebastian City Council Chambers ATTENDEES: Board Members: Greg Witt Chair Debra Krueger Steve Marcinik Harry Tanner Robert Zomok, Secretary EXCUSED CONSULTANTS: Lee Dehner, Attorney SUBJECT CALL TO ORDER 10:15 a.m. There being a quorum present, Greg Witt, called the meeting to order. .SUBJECT OLD BUSINESS None NEW BUSINESS 2 SUBJECT IMPACT STATEMENT FOR THE PROPOSED ORDINANCE Debra Krueger presented the Impact Statements to the Board for review. Having. completed the review, Chairman Witt executed the Forms. SUBJECT INVESTMENT CONTRACT REQUEST FOR PROPOSALS The Board reviewed the six (6) responses to our Request for Proposal for the Investment Oversight contract. The Board elected to have four (4) firms present their approaches. The firms selected were: BCA Bogdhan Graystone Thistle The Board agreed to have the selected firms present at a Special Meeting to be held October 2, 2012 at 10:00 AM in City Council Chambers. Lee Dehner will arrange for the presentations. Each firm will be given a copy of the most recent report from ICC and will be expected to incorporate a review of that report into their presentation. SUBJECT ATTORNEY MATTERS Pending the approval of the new Ordinance by the City of Sebastian Council, Lee will prepare a new draft of the Ordinance moving the Plan from one governed by "Chapter" State Law to one governed by "Local" State Law. Once the new Ordinance is passed, the Board will also review the "Optional" benefits that can /may be included in the new Ordinance. SUBJECT ADJOURNMENT G Having no further business for discussion, Chairman Greg Witt adjourned the meeting at 11:45 AM Next regularly scheduled meeting is September 18, 2012, at 10:00 a.m. in the City Council Chambers. The next Special Meeting is scheduled for October 2, 2012, at 10:00 AM in the Sebastian. City Council Chambers. Respectfully submitted, Bob Zomok Secretary Sebastian Police Pension Board