COUNTRYSIDE POLICE PENSION MEETING
Held at City Hall in Chambers Room
Tuesday, October 11, 2011 6:00PM
Meeting called to order
Lou Moravecek – President
Steve Drazner — Vice President
John Mikel –Secretary
Ken Goluszka –Assistant Secretary
Gail Paul –Trustee
Tom Radja –Board Attorney
Cathy Rothbard -Clerk
Dan Davis –Morgan Stanley-Smith Barney Investments
Jesse Barrett –Wells Fargo Wachovia Investments
Dick Barrett –Wells Fargo Wachovia Investments
Tim Bowen –Mesirow Financial
Reading and approval of minutes from July 21, 2011 meeting.
Receipts and Disbursements for June, July, and August, 2011
1. Collins & Radja – attorney fees Ck#3975 400.00
2. NIU Training Conference for board member Lou Moravecek Ck#3985 350.00
3. IPPFA training for board member Steve Drazner Ck#3986 750.00
2011-007-R State Bank of Countryside $50,000.00 CD due 1/21/12 at 0.25%
2011-008-R State Bank of Countryside $50,000.00 CD due 1/21/12 at 0.25%
2011-009-R State Bank of Countryside $33,761.36 CD due 1/17/12 at 0.25%
An email vote was sent and the minutes from January 11th and April 12th meeting were approved.
Lauterbach and Amen will complete the municipal compliance report as required by House Bill 5088 for submission to the City of Countryside for the fee of $525.00. An email vote was held and it was unanimous to have them complete the report.
Investment Updates and recommendations from Dan Davis of Morgan Stanley-Smith Barney and
Dick Barrett and Jesse Barrett of Wells Fargo-Wachovia.
Tim Bowen of Mesirow Financial will speak to the board members regarding Fiduciary Insurance.
Discussion of response letter from Board Attorney Tom Radja to Freeborn & Peters regarding longevity benefit.
Not available at this time.