HomeMy WebLinkAboutMinutes GEPB 062008I CITY OF PALM BEACH GARDNES
2 GENERAL EMPLOYEE PENSION BOARD
3 SPECIAL MEETING
4 JUNE 20, 2008
5
6 The June 20, 2008 special meeting of the General Employee Pension Board of the City of Palm
7 Beach Gardens, Florida, was called to order at 10:28 a.m. in the Council Chambers of the
8 Municipal Complex, located at 10500 North Military Trail, Palm Beach Gardens, Florida by
9 Chair Allan Owens.
10
11 I. ROLL CALL
12 Members Present: Allan Owens, Chair
13 Dindial Laljie, Secretary
14 Kenneth Steele
15
16 Members Absent: Jamie Smith
17
18 Additional Attendees: Sarah Varga, Accountant
19
20 II. OLD BUSINESS
21 • None.
22
23 III. NEW BUSINESS
24 • Chair Owens stated the special meeting was called for the Board's approval for payment
25 of the Gibson & Wirt bill for fiduciary liability insurance in the amount of $2,361.35.
26 — The policy has a $1,000,000.00 annual aggregate limit and a $5,000.00 deductible.
27
28 MOTION
29 A motion was made by Kenneth Steele for approval of payment of the Gibson & Wirt bill.
30 Dindial Laljie seconded. Motion was approved unanimously, 3 -0.
31 Member Ave Nay Absent
32 Allan Owens, Chair ✓
33 Dindial Laljie ✓
34 Jamie Smith ✓
35 Kenneth Steele ✓
36
37 • Kenneth Steele asked to open discussion on getting bids for next year's policy.
38 • Chair Owens agreed that he and his staff will get bids for next year's policy.
39 • Sarah Varga stated the quote from Gibson & Wirt was for a three -year term.
40 • Discussion ensued about the length of time for renewal of the policy and the ability to
41 cancel after one year.
42 MOTION
43 A motion was made by Kenneth Steele for execution of a one -year term for the Gibson &
44 Wirt policy and getting bids from local insurance agencies in future years. Dindial Laljie
45 seconded. Motion was approved unanimously, 3 -0.
GENERAL EMPLOYEE PENSION BOARD SPECIAL MEETING PAGE 1
6.20.08
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Member
Allan Owens, Chair
Dindial Laljie
Jamie Smith
Kenneth Steele
IV. ADJOURNMENT
A motion for adjournment
motion was approved
10:33 a.m.
Ave
Nav Absent
was made by Dindial Laljie. Kenneth Steele seconded. The
unanimously, 3 -0. The meeting was adjourned at
APPROVED:
Allan Owens, Chair
Dindial Laljie, Secretly
i(ka �/"
Kenneth Steele
Jam' Smith
6(
ATTEST:
'��(j - - - oot_x-,� -i-r
Donna M. Cannon
Municipal Services Coordinator
NOTE: These action minutes are prepared in compliance with 286.011 F.S. and are not verbatim
transcripts of the meeting. A verbatim audio record is available from the Office of the City Clerk.
All referenced attachments on file in the Office of the City Clerk.
GENERAL EMPLOYEE PENSION BOARD SPECIAL MEETING
6.20.08
PAGE 2