11-12-20 PBOT - Police meeting adopted minutesMOTUTES
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Meeting
Thursday, 1`` overr ber 12, 2020 - 6030 PM
Commission Chamber
Present: William (Bill) Tomson, Chair
Chase Jamison, Member
Tim Anderson, Member
Robert (Bob) Liggero, Member
Absent:
Ed Peck, Member
Also Present: Melissa Burns, Director of Finance
David Wheeler, Graystone Consulting, Tampa
Timothy Haugaard, Graystone Consulting, Tampa
Pedro Herrera, Board Attorney
1.
2.
3.
4.
CALL TO ORDER
COURTESY OF THE FLOOR TO VISITORS
APPROVAL OF MINUTES
A. Approve minutes of the August 20, 2020 regular meeting of the Police Officers'
Pension Board of Trustees.
MOTION: Motion to approve minutes from the August 20th board meeting
Motion: William (Bill) Tomson
Second: Robert (Bob) Liggero
William (Bill) Tomson (Moved By)
For
Chase Jamison
For
Tim Anderson
For
Robert (Bob) Liggero (Seconded By)
For
Motion passed 4 to 0.
REPORTS
A. Recap of investment performance for the period ended September 30, 2020 and
subsequent activity
David Wheeler and Timothy Haugaard of Graystone Consulting Tampa presented the
investment performance report for the quarter ended September 30, 2020. The total
Police Officers' Pension Board of Trustees
November 12, 2020
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value at the end of the quarter was $12,567,772.92.
Report Summary
Quarter to Date 7/1/20-9/30/20 5.12%
Performance since inception 3/10/10-9/30/20 6.30%
B. Presentation of REIT Manager Search Analysis
The REIT Manger search analysis was discussed and the recommendation that the
board consider the possibility of investing in real estate.
MOTION. Motion to approve a 2% allocation in REIT with Principal RE Invs Real Estate
Eq Securities SMA -S
Motion: Tim Anderson
Second: William (Bill) Tomson
William (Bill) Tomson (Seconded By) For
Chase Jamison For
Tim Anderson (Moved By) For
Robert (Bob) Liggero For
Motion passed 4 to 0.
C. Expenditures through September 30, 2020
For information and discussion only.
D. Fund balance report through September 30, 2020
For information and discussion only.
5. DISCUSSION WITH PENSION BOARD ATTORNEY
A. Calendar Year 2021 proposed meeting dates:
February 11th
May 13th
August 12th
November 18th - Attorney present virtually/telephone
The board accepted the proposed meeting dates
B. Other items for discussion
6. NEW BUSINESS
Police Officers' Pension Board of Trustees
November 12, 2020
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7.
Attest:
A. Recommendation for re -appointment of board member: Bob Liggero
MOTION: Motion to approve Bob Liggero for re -appointment to the board
Motion: William (Bill) Tomson
Second: Chase Jamison
William (Bill) Tomson (Moved By) For
Chase Jamison (Seconded By) For
Tim Anderson For
Robert (Bob) Liggero For
Motion passed 4 to 0.
B. Other items for discussion
No other items were discussed.
ADJOURNMENT
There being no further discussion, Chair Tomson declared the meeting adjourned at 7:55 p.m.
4VAV,6" -
Mel'ssa Burns, Plan Administrator
William Tomson, Chair
Police Officers' Pension Board of Trustees
November 12, 2020
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