2000-02-09 General Fund MeetingCITY OF OKEECHOBEE/OKEECHOBEE UTILITY AUTHORITY
GENERAL EMPLOYEE PENSION PLAN
Trustee Meeting
February 9, 2000
Minutes
General Employees Trustees Present: L.C. Fortner, Jr., Roger Jones, Jerry O'Bannon,
Lydia Jean Williams and Doug Wyatt
Others Present: Scott Christiansen
John Flagel
Ernie Mahler
Jim Paul
Trustees of Police Plan
Trustees of Fireman Plan
Motion by Roger Jones, seconded by Doug Wyatt to elect L.C. Fortner, Jr. Chairman. Motion carried.
Motion by Roger Jones, seconded by Doug Wyatt to elect Lydia Jean Williams Secretary. Motion carried.
Motion by Doug Wyatt, seconded by Roger Jones to approve the August 11, 1999 minutes. Motion carried.
Motion by Jerry O'Bannon, seconded by Roger Jones to approve the payments made to retired members and
expenses for period through November 5, 1999. Motion carried.
The new General Employee Trustees Lydia Jean Williams and Doug Wyatt were introduced to everyone.
John Flagel of Investco discussed the 4th quarter reports of 1999 with the trustees.
Following this discussion Jerry O'Bannon left the meeting at 7:45 p.m.
Investco representative, Tom Horkan, made a presentation to the board regarding Investco's intention to
alter their investment strategy, moving from a value -oriented to a core portfolio -style strategy.
Motion by Doug Wyatt, seconded by Lydia Jean Williams agreeing that the General Employee Pension Board
Trustees had no objection to Investco moving from a value -oriented strategy to a core portfolio -style
strategy. Motion carried.
With no other business to discuss the board members left the meeting at 8:25 p.m.
Respectfully submitted,
90 owi-01"
Lydia Jean Williams, Secretary