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Police Officers' and Firefighters' <br />Pension Board Meeting' <br />July 29, 1999 <br />Page 3 <br />VII. Selection and Approval of Pension Fund Investment Evaluation Services <br />Mr. Christiansen said that performance monitoring was previously performed by the Actuary but because <br />of the changes in Florida Statutes, he has declined to perform this function. The following firms <br />submitted proposals for Pension Fund Investment Evaluation Services: <br />I) ATD & Associates, Inc. <br />429 E. 3" Avenue <br />P. O. Box 668 <br />New Smyrna, Beach, FL 32170 <br />2) Investment Consulting Services <br />Morgan Stanley Dean Witter <br />250 West Cocoa Beach Causeway <br />Cocoa Beach, FL 32931 <br />3) Janney Money Management Services <br />Boca Center Tower 1 <br />5200 Town Center Circle, Suite 470 <br />Boca Raton, FL 33486 <br />4) Investment Monitoring Services, Inc. <br />46 Fourth Street Southwest <br />P. O. Box 53 <br />Winter Haven, FL 33880 <br />MOTION: Moved by Mrs. Mary Moschler, seconded by Chief <br />Marty LaBrusciano to approve Investment <br />Monitoring Services, Inc. to provide performance <br />monitoring of the SunTrust Investments for $1,600 <br />yearly and when requested by the Board, $200 for <br />attendance at the quarterly meetings. Motion <br />carried unanimously by voice vote. <br />The Motion was modified to include directing the Board <br />Attorney to prepare the contract and authorizing the <br />Chairman and Secretary to execute the contract. <br />Amendment carried unanimously by voice vote. <br />