HomeMy WebLinkAboutMinutes GEPB 081009I CITY OF PALM BEACH GARDENS
2 GENERAL EMPLOYEE PENSION BOARD
3 REGULAR MEETING
4 AUGUST 10, 2009
5
6 The meeting was called to order at 2:00 p.m. by Chair Allan Owens.
7 I. ROLL CALL
8 PRESENT: Chair Allan Owens, Dindial Laljie, Kenneth Steele, Jami Smith, Brandon
9 Dorsey (arrived at 2:09 p.m.).
10 ABSENT: None.
11 ALSO PRESENT: Accountant Sarah Varga, Deputy Finance Administrator Mary
12 Anderson - Pickle, Attorney Scott Christiensen.
13 II. OLD BUSINESS
14 Kenneth Steele made a motion for approval of the June 25, 2009 minutes.
15 Dindial Laljie seconded.
16 Motion passed 4 -0.
17 III. NEW BUSINESS
18 Bryan Bakardiiev and Dave West presented the Bogdahn Consulting report.
19 Kenneth Steele made a motion authorizing Bogdahn Consulting to move forward with
20 the recommended policy change allowing Bogdahn Consulting to expand the investments.
21 Jami Smith seconded.
22 Motion passed 5 -0.
23 Andrew Holtzrieve presented the Rockwood report.
24 Attorney Scott Christiensen presented his report.
25 Jami Smith made a motion approving the transmission to the State of the expected
26 investment rate of return for the coming year(s) and the long term thereafter at 8 percent.
27 Keneth Steele seconded.
28 Motion passed 5 -0.
29 Brandon Dorsey made a motion for approval of the payment of bills.
30 Dindial Laljie seconded.
31 Motion passed 5 -0.
32
33 (The remainder of this page intentionally left blank.)
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
GENERAL EMPLOYEE PENSION BOARD Page
08-10-09
I XI. ADJOURNMENT
2 Jami Smith made a motion to adjourn.
3 Brandon Dorsey seconded.
4 Motion passed, 5 -0.
5 The meeting adjourned at 3:14 p.m.
6 The next regularly scheduled meeting will announced at a later date.
7
8 APPROVED
9
10
11 Allan Owens, Chair-
12
12
13
14
15 Kenaeth Steele
16
17 3ami SfRi
18
19 (Wanden Dorsey)
20
21 * Due to the reorganization of this Board, the individuals listed below are the official
22 signators to approve and ado inutes for the General Employees Pension Board.
23
24
25
26
27 Allan Owens, Chair
28
30
`31 Mary Ande son - Pickle
32
33
34 ATTEST
39 Donna M. Cannon
40 Municipal Services Coordinator
41
42
43
44
45 Note: These minutes are prepared in compliance with 286.011 F.S. and are not verbatim
46 transcripts of the meeting. A verbatim audio record is available from the Office of the City
47 Clerk. All referenced attachments on file in the Office of the City Clerk.
GENERAL EMPLOYEE PENSION BOARD Page
08-10-09