HomeMy WebLinkAbout06-13-2012 Special Mtg
Minutes of the Special Meeting of the
CITY OF OCOEE GENERAL EMPLOYEES’ RETIREMENT TRUST FUND
BOARD OF TRUSTEES (GERB)
Held on June 13, 2012
At 150 N. Lakeshore Drive
Ocoee, FL 34761
I.CALL TO ORDER – Chairman Wagner
Chairman Russ Wagner
called the meeting to order at 10:05 a.m. in the Conference Room
109 at City Hall.
A.Roll Call
Chairman WagnerPresent
called the roll. were Chairman Russ Wagner, Trustees Jean
absent excused
Grafton, and David Wheeler. Trustee Pat Gleason was .
Also present
were Human Resources Director Gene Williford, Mr. Tim Nash of
Bogdahn Consulting, LLC, Senior Administrative Assistant Sharon Zink, and GERB
c
Recording Clerk Stella MLeod.
B.Approval of Minutes
Chairman Wagner
directed the board’s attention to the minutes for the May 2, 2012
Exhibit #1Trustee Grafton
regular meeting (). A motion having been made by and
Chairman Wagner
seconded by , and that motion having carried unanimously, the board
RESOLVED
to approve the May 2, 2012 minutes.
II. Discussion & Action on Investment Managers – Mr. Tim Nash of Bogdahn Consulting,
LLC
Mr. Nash notified the board previously that he would be 15 to 20 minutes late to the meeting.
III. Discussion & Action on Merrill Lynch Claim Forms
Chairman Wagner
asked the board to authorize him to sign the claim forms so that the
board can receive its share of the award from the Merrill Lynch. Discussion ensued.
General Employees Retirement Board
June 13, 2012
Page 2 of 3
10:10 a.m.: HR Director Gene Williford entered the meeting room.
A motion having been made by Trustee Wheeler, seconded by Trustee Grafton, and that
motion having passed unanimously, the board
RESOLVED to authorize the chairman to sign and submit the claim forms to Merrill Lynch.
IV. Discussion and Action on Appointment of Board Member Due to the Resignation of
Wendy West
10:20 a.m.: Mr. Tim Nash enters the meeting room.
The board trustees engaged in discussion about replacing former Trustee Wendy West. The
trustees came to the conclusion that they did not want to proceed without input from Trustee
Gleason. If the board has an additional special meeting before the regular meeting in
August, this matter will be on the agenda for further discussion/action at that meeting. If
there is no special meeting, the matter will be addressed at the August meeting.
V. Retirement Ordinance Changes
The board engaged in a detailed discussion of the proposed changes to the retirement
ordinance. A motion having been made by Trustee Wheeler, with a second by Trustee
Grafton, and that motion having passed unanimously, the board
RESOLVED to approve the changes to the ordinance with the exception of the proposed change
to the employee contribution.
II. Discussion & Action on Investment Managers — Mr. Tim Nash of Bogdahn Consulting,
LLC
Mr. Nash presented the board with a detailed description of the potential managers that the
consultant has under consideration to replace Rockwood (Exhibit #2). The board engaged
in a lengthy and detailed discussion about the matter. Mr. Nash agreed to provide the board
with an executive summary of the consultant's final recommendation. The board agreed to
postpone making a final choice until Trustee Gleason could participate in the discussion.
General Employees Retirement Board
June 13, 2012
Page 3 of 3
The board also agreed to have a special meeting at which this item (along with the matter of
filling the board vacancy) would be discussed and acted upon. The meeting is scheduled for
Monday, July 9, 2012 at 10:00 a.m. in City Hall Conference Room 109.
VI. Comments from Public
None.
VII. Adjournment
The meeting adjourned at 12:25 p.m.
Att> st: App d byi
, , /
Stella McLeod, Municipal ' -c. • : ..tor Russell B. Wagner, GERB Chairman
GERB Recording Clerk