PB 08/16/2005 Minutes - Laserfiche WebLink

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Pension Boat•d of Ti•rrstees' Meeting August Y6, 2005 Page 4 AMENDMENT TO MOTION: Chief Pavlis anaettded his motion to include the reference to Lehman Brothers Aggregate Bond Index in Section II (a)(1) aucl Section C. The secoiul was amended by Mr. David Gonzalez and the amea>tlmesct carried unanimoctsly by voice vote. Mr. Welker also recommended that Section III {3) (a) {ii) to strike value litre tanking and insert "tone". MOTION: Moved by Police Chief Joluz Pavlis to amend Section. III (3) (a) (ii) Equities and insert `moue". The motion was seconded by Police Officer Willia~u Nas and carried u»animously by voice vote. MOTION; Moved by Mr. Track Schutte to adapt the Investment Policy as artaendecl by tlye Baai•d this date. Tile rnotfo~i was secoiufecl by Police Officer William Nas and carried crnat-imously by voice vote. VII. Aun•oval of Expenditure. Report Christiansen & Delmer March 2005 - $1,20b.07, April 2005 - $280.00, May 2005 - $1,330.38 Bogdahn Consultants -April 2005 - $1,250.00 MOTION: Mavecl by Mr. Frank Scl-utte to approve the Expenditure Report as snhcrcittecl by Mr. Jeffrey Dreier in lzis memo>andum elated August 3, 2005. The motion was seconded h}• Police Chief Jol-tt Pavlis anti car•rieci ur>anc~nousl}~ by voice vote. VIII. Return of Conh•iUutiorts Ronald Valentine -Police Department - $6~I.85 Jason Herrman -Police Department - $558.20 Clayton Fussell -Fire Department - $39.60 MOTION: Moved Uy Police Officer William Nas to approve tlae Return of ContriUcctiorts Report as suhmittecl by Mr. Jeffrey Dreier ire leis memorandum elated August 3, 2005. The motion was secoractecl by Mr, Traulc Schutte arccl carried una~~imously by voice vote. jX. Attorney's Report • I'inancia] Disclosure Form deadline for filing is September 1, 2005. Fines of $25 per day will be assessed against members who have not filed.