2008-03-19 General Meeting & General Fund Meetingr�
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CITY OF OKEE CHOB EE AND OKEECHO BEE UTI LITY AUTHO RITY
PENSION BOARD MEETING MINUTES
SPECIAL MEETING
MARCH 19, 2008 - 2:00 P.M.
CITY GENERAL/OUA MEMBERS
Jamie Muliis, Chair - Present
Secretary- Vacant
Jerry O'Bannon - Present
Robin Brock - Present
Jess Manson - Present
Linda Tewksbury -Absent
The meeting was held at City hall, 55 Southeast 3rd Avenue, Room 200, Okeechobee, Florida,
and was called to order by Chairman Jamie Mullis at 2:07 P.M.
Attorney Scott Christiansen stated the purpose of the special meeting was to ir�terview three
proposals for Trust Fund Investment Evaluation Services. There was a brief open discussion
before the interviewing process began.
The first interview began with Brendon Vavrica representing Thistle Asset Consulting from
Boynton Beach, Florida.
The second interview began with Joe Bogdahn and David West representing The Bogdahn
Group from Winter Haven, Florida.
The third interview began with Scott Lowke and Matthew Brown representing CapTrust from
Tampa, Florida.
At the close of the interviews, the floor was opened for discussion.
All Boards were c� agreement in selecting The Bogdahn Group as the new Trust Fund
Investment Evaluation Service. Motion and second were made by each Board to have Attorney
Christiansen prepare the contract for execution of signatures by all parties.
Board Member Bettye Taylor suggested that the Pension Financial Liaison construct a letter of
termination to Smith/Barney Citigroup from each Board. Mr. Basil Coule agreed to have his
assistant prepare the letters.
Open Session was closed and the General/OUA Board convened in individual session.
NEW BUSINESS.
A. . Board Member O'Bannon moved to approve the November 19, 2007 and
February 11, 2008 regular meeting minutes and the March 5, 2008 special
meeting minutes; seconded by Board Member Mullis. Motion carried with no
onnositian.
B. Board Member O'Bannon moved to approve the Financial Reports as presented
by Basil Coule, Pension Financial Liaison, and noted as folbws:
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� 1) Account Activity/E�enses Report - October to December 2007
2) Check Register - October to December 2007
3) Revised Summary Plan
4) Approve the list of inembers terminated and/or contributions refunded or
rolled over from 10/01/07 to 12/31/07
5) Approve the list of newmembers enrolled from 10/01/07 to 12/31/07
Seconded by Board Ntember Mullis. Motion carried with no opposition.
There being no further business, Chairman Mullis adjourned the meeting at 4:08 p.m.
NOTICE IS HEREBY GIVEN that if any person should decide to appeal any decision made at
this meeting of the Board of Trustees, such person will need to insure that a verbaton record of
the proceedings is made which includes the testimony and evidence upon which the appeal is
based.
Robin Brodc, Acting Secretary
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Minutes were approved on:
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Jamie Mullis, Chair