HomeMy WebLinkAbout2008-05-19 Police & Fire Pension Board Minutes 7y:
CEIVEDCity of Dania Beach N - 4 2 008Police and Fire Fighters Retirement System
113 S.W. 1 Street
Dania Beach, Florida 33004
Phone: (954) 921-0404 Fax: (954) 921-1403
E-mail: PFPENS@bellsouth.net
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MINUTES
MAY 19, 2008
REGULAR MEETING
I. CALL TO ORDER
The meeting was called to order by Chairman Rogers at 7:40 pm
MEMBERS PRESENT: MEMBERS ABSENT:
Chairman Larry Rogers Vice Chairman Vince Marlin
Secretary Beulah Lair
Wardell Lee
Ted Spongross
Carolyn Jones
John Williamson
Commissioner John Bertino
Roger Handevidt
ALSO PRESENT:
Pedro Herrera —Sugarman &Susskind, PA
Mike Welker— Bogdahn Consulting
Bart McMurry—ICC Capital Mangement
II. APPROVAL OF MINUTES
MOTION: by Beulah Lair to accept minutes from the March 17, 2008 meeting as
submitted.
SECOND: Roger Handevidt
PASSED UNANIMOUSLY
May 19, 2008
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III. CONSENT AGENDA
No items listed on the Consent Agenda
IV. OLD BUSINESS
4.1 Bertuccio &Adams
Chairman Rogers informed the Board that the arbitration
between the City and Bertuccio &Adams ended in April 2008.
V. NEW BUSINESS
5.1 2nd_OUARTER PERFORMANCE SUMMARY—BOGDAHN CONSULTING
Mike Welker of Bogdahn Consulting discussed with the Board the
Plan's performance for the quarter ended March 31, 2008 as
prepared by Bogdahn Consulting, LLC.
5.2 3RO QUARTER PERFORMANCE REPORT—ICC CAPITAL MANAGEMENT
Bart McMurry, Portfolio Manager reviewed ICC Capital Management's
performance for that firm's portion of the Fund for the quarter ended
March 31, 2008. The Board and Mike Welker discussed with
Bart McMurray investing in ETF (emerging markets). Bart McMurry
will invest 5% in ETF.
5.3 Compliance Checklist
Mike Welker of Bogdahn Consulting LLC reviewed with the Board
the System's Compliance Checklist Summary Report
5.4 Richard Rueth Drop Account
Chairman Rogers opened discussion with the Board regarding
Richard Rueth's default in payment of his DROP loan. His last
check received by this office was on January 8, 2008 for December 2007
payment.
This item was tabled until the Board's next meeting
5.5 Steve Palmauist
Chairman Rogers opened discussion with the Board regarding
the plan. The Board gave instruction to the administrator
to contact Steve Palmquist for a special meeting to be held
when he is available.
MOTION: Beulah Lair
SECOND by Ted Spongross
PASSED UNANIMIOUSLY
May 19, 2008
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VI. CORRESPONDENCE
VII. NEW EMPLOYEE APPLICATIONS
There were no new employees hired during this time
VIII. RETIREMENTS / TERMINATIONS
There are no retirements of terminations at this time.
IX. OPEN DISCUSSION AND INFORMATION
9.1 FPPTA Trustees School
Chairman Rogers opened discussion with the Board stating
that there is a FPPTA Conference to be held June 28, 2008
to July 2, 2008 at the Omni Champions Gate in Orlando, FI
MOTION by John Bertino to approve expenses for any Trustee wishing
to attend the FPPTA Conference June 28-July 2, 2008 at the
Omni Champions Gate in Orlando, FI in accordance with the
Trustee Travel Guidelines.
SECOND: Carolyn Jones
PASSED UNANIMIOUSLY
9.2 Vice Chairman Position
Discussion was opened to change the Vice Chairman position
from Vince Marlin to Ted Spongross
MOTION: Beulah Lair to appoint Ted Spongross as Vice Chairman
And remove Vince Marlin
SECOND by Wardell Lee
9.3 Report by Pedro Herrera
The Board's Attorney Pedro Herrera brought the Board up to date
with the legal and pension issues in Tallahassee and elsewhere.
X. AD30URN
MOTION by Roger Handevidt to adjourn meeting
SECOND: by Beulah Lair
Meeting adjourned at 9:30 PM