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05-06-2015 Agenda NOTICE OF REGULAR MEETING City of Ocoee Police Officers' & Firefighters' Pension Board The City of Ocoee Police Officers'/Firefighters' Pension Board will hold their regular meeting on Wednesday, May 6, 2015 in the Commission Chambers at City Hall, 150 N. Lakeshore Drive, in Ocoee, Florida. All interested parties are invited to attend. REVISED AGENDA May 6, 2015 1:00 PM I. CALL TO ORDER: Chairman Charles Brown, Trustee William Maxwell, Trustee Bill Wagner, Trustee Joe Moy and Trustee Mark Scalzo a. Roll call and determination of quorum b. Approval of Minutes from Regular Meeting dated February 4, 2015 II. PUBLIC COMMENTS: III. QUARTERLY INVESTMENT UPDATE: Quarter Ending 03/31/2015 Bogdahn Consulting IV. NEW BUSINESS: Vested Terminated Employee- Vernon Brown (Administrator) V. UNFINISHED BUSINESS: Personal Time Buyout procedure- Finance Department Review and discussion of Manning & Napier's Performance Discussion of Experience Study being done by actuary VI. CONSENT AGENDA: For Approval: Warrant #103 Benefits USA, Inc. (Flat Monthly Fee for May 2015 plus postage) $2,108.66 FPPTA (Annual conference registration for Wagner & Maxwell @$500 each) $1,000.00 Total $3,108.66 For Ratification: Warrants #98 -102 Christiansen & Dehner (Services rendered; Invoice #26066 dated 1/31/15) $342.08 Fifth Third Bank (4` Qtr. 14 Custodian Fee - Invoice #4406051 dated 1/8/15) $3,540.31 Garcia Hamilton & Assoc. (Inv #25240 dated 10/20/14) $5,774.37 Total $9,656.76 Benefits USA, Inc. (Flat Monthly Administration Fee - Invoice #03 -2015) $2,100.00 Bogdahn Group (P Qtr. 15; Consulting Fee - Invoice #11871 dated 3/16/15) $5,500.00 Christiansen & Dehner (Legal Fees; Invoice #28260 dated 2/28/15) $1,766.80 Foster and Foster (Services Rendered Inv #6536 dated 10 /22 /14(never received) $3,621.00 Professional Indemnity Agency (Fiduciary Liability Renewal) $3,870.00 Total $16,857.80 Charles Brown (Expenses for 2015 FPPTA Wall Street) $851.99 Total $851.99 Benefits USA, Inc. (Flat monthly Administration Fee - Invoice #04 -2015) $2,100.00 Sawgrass Asset Management (4` Qtr. 14 Mgmt Fee - Invoice dated 1 /9/15) $12,298.00 Sawgrass Asset Management (1s Qtr. 15 Mgmt Fee - Invoice dated 4/8/15) $12,506.00 Total $26,904.00 Christiansen & Dehner, PA (Legal Fees; Invoice #26419 dated 3/31/15) $426.34 Fifth Third Bank (1 Qtr. 15 Custodian Fees - Invoice #4460928 dated 3/31/15) $3,645.44 Garcia Hamilton Assoc. (1 st Qtr. 15 Mgmt Fee - Invoice 25669 dated 4/14/15) $6,741.23 Total $10,813.01 1 Agenda posted 4 -29 -15 NOTICE OF REGULAR MEETING City of Ocoee Police Officers' & Firefighters' Pension Board May 6, 2015 1:00 PM Retirement Benefits for Ratification: Randell Conyers (Monthly Retirement Benefit effective 5/1/15) $4,514.44 Randell Conyers (DROP distribution - Rollover $340,000.00 Randell Conyers (DROP distribution -Cash out $109,257.37 VII. ATTORNEY'S REPORT: H. Lee Dehner, Esq. Administrative Forms; Memo dated 1/26/15 VIII. MISCELLANEOUS CORRESPONDENCE: (No action required) IX. COMMENTS FROM TRUSTEES: X. NEXT MEETING DATE: August 5, 2015 at 1:00 PM • XI. ADJOURN: PLEASE NOTE: IN ACCORDANCE WITH FLORIDA STATUTE 286.0105: ANY PERSON WHO DESIRES TO APPEAL ANY DECISION AT THIS MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND FOR THIS PURPOSE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WIIICH INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED. ALSO, IN ACCORDANCE WITH FLORIDA STATUTE 286.26: Persons with disabilities needing assistance to participate in any of these proceedings should contact the Office of the City Clerk, 150 N. Lakeshore Drive, Ocoee, FL 34761, (407) 905 -3100, ext. 9 -1022, 48 hours in advance of the meeting. 2 Agenda posted 4 -29 -15