1998-02-11 Police Fund Meeting-.
CITY OF OKEECHOBEE
POLICE PENSION FUND
February 11, 1998 7:OOPM
MINUTES
Trustees Present: Steve Padgett, Larry Mobley, R.P. Farrenkopf...fohn P. Zeigler
Meeting was called to order by R.P. Farrenkopf at 7:OOPM.
Mahon by Larry Mobley to approve the minutes of the November 25t'', 1998 special
meeting. Seconded by Steve Padgett. Motion was carried unanimously.
Motion by Larry Mobley to approve the following expenditures: $2,498.52 to Janice
LeVin(Beneficiary of Alan LeVin), $7,528.74 to Larry Mobley, $3,234.32 to Larry
Coonfare, $5,623.41. to Christiansen & Dehner, Attorney (Coonfare's disability claim),
$5,583.12 to Invesco, $3,534.00 to Gabriel Roeder, Smith & Co. Seconded by Steve
Padgett. Motion was carried unanimously.
Motion by Larry Mobley to add Jim Paul as a signer to the local operating fund checking
account. Seconded by Steve Padgett. Motion was carried unanimously.
Motion by Steve Padgett to have an actuarial study conducted to determine the feasibility
of implementing a C.O.L.A. increase in the plan. Seconded by Larry Mobley. Motion
was carried unanimously.
Discussion regarding a Trustee School to be held in Tallahassee, Florida on March 16-18,
1998.
Motion by Larry Mobley to send R.P. Farrenkopf and John P. Zeigler to the Trustee
School with all expenses to be paid for by the fund. Seconded by Steve Padgett. Motion
was carried unanimously.
Discussion of liability insurance for Trustees. $1850.00 per year (S 1,000.00 deductible)
Jim Paul to check on behalf of the board for insurance coverage and report back to the
board. Also to check on a bond for check writers, including a rider which will cover the
deductible.
Motion by Larry Mobley to adjourn. Seconded by Steve Padgett. Motion was carried
unanimously. Meeting adjourned at 8:30PM.
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Respectfully submitted,
ji-if, Farrenkopf, Fund C aa"I an
Jo P. Zeigl , Fund Secretary
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