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HomeMy WebLinkAbout4.MEETING NOTICES 01/25/11AGENDA MOUNT PROSPECT FIREFIGHTERS PENSION FUND BOARD REGULAR MEETING MEETING LOCATION MEETING DATE & TIME Fire Department Conference Room 2 nd floor Tuesday 112 East Northwest Hwy. January 25, 2011 Mount Prospect, IL 60056 8:30 a.m. I. CALL TO ORDER — ROLL CALL DAVE ERB — Treasurer SAM BAAS — Secretary/Retired Firefighter JEFF RICKER — FOIA /OMA Officer /Firefighter JOE KNOLL — Firefighter II. APPROVE AGENDA III. CITIZENS TO BE HEARD IV. APPROVE MINUTES A. Regular Meeting October 26, 2010 B. Special Meeting November 16, 2010 V. TREASURER'S REPORT A. Approve Treasurer's Report B. Approve Disbursements C. Quarterly Financial Report VI. COMMITTEE REPORTS A. Medical Committee — Dave Erb B. Legal Committee — Jeff Ricker VII. OLD BUSINESS A. Rules & Regulations Update from Attorney Collins. B. Investment Policy update from Dave Erb. VIII NEW BUSINESS A. Acknowledge the passing of retired member Don Barra B. Acknowledge Fire Chief John Malcolm as the new appointed member of the fund to replace Fire Chief Mike Figolah who recently retired. C. Election for President of the Fund. D. Election for Secretary of the Fund. E. Trustee Training Requirements. As of January 25, 2011 Trustees have satisfied the following amount of hours for Training Requirement for 2011 Dave Erb — 0 hours Joe Knoll — 0 hours Jeff Ricker — 0 hours Sam Baas — 0 hours F. Next Pension Fund Board Meeting's April 26, 2011 July 26, 2011 October 25, 2011 January 31, 2012 IX. OTHER NEW BUSINESS X. ADJOURNMENT The Staff contact for this meeting is Dave Erb (847) 392 -6000 ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING, BUT BECAUSE OF A DISABILITY NEEDS SOME ACCOMODATIONS TO PARTICIPATE, PLEASE CONTACT THE STAFF PERSON IDENTIFIED ABOVE OR AT TDD (847) 392 -6064. Minutes of the Regular Meeting of the Mount Prospect Firefighters Pension Fund Meeting October 26, 2010 CALL TO ORDER — ROLL CALL President Figolah called the meeting to order at 8:40 a.m. Present upon roll call: Mike Figolah — President David Erb —Treasurer Sam Baas — Secretary/Retired Firefighter Absent: Jeff Ricker — FOIA/OMA Officer /Firefighter Joe Knoll — Firefighter Also present was Jeremy Seeman of Becker, Burke Associated. Carry Collins the Pension Fund Attorney (arrived at 8:59 a.m.) II. APPROVE AGENDA Motion by Sam Baas, seconded by Dave Erb, to approve the Agenda as submitted. Motion was approved. III. APPROVE MINUTES Regular Meeting, July 27, 2010 Motion by Dave Erb, seconded by Sam Baas, to approve the Minutes as submitted. Motion was approved. IV. TREASURER'S REPORT A. Approve Treasure's Report David Erb handed out a copy of the Mount Prospect Firefighters Pension Fund Financial report for the period July 1, 2010 and ending September 30, 2010. Mr. Erb outlined the information in the report. As of September 30, 2010 the Fund had net assets with a market value totaling $42,294.833. The Fund's net assets increased $1,674.372 for the third quarter. Motion by Mike Figolah, seconded by Sam Baas to approve the Treasure's Report as presented. Motion was approved. B. Approve Disbursements Motion by Mike Figolah, seconded by Sam Baas, to approve the list as presented. Motion was approved. C. Quarterly Financial Report Mr. Erb asked Mr. Seeman from Becker, Burke Associates to provide the Quarterly Financial Report. Mr. Seeman went through the entire document highlighting pertinent facts, charts and graphs. V. COMMITTEE REPORTS A. Medical Committee Nothing to report. B. Legal Committee Nothing to report. VI. OLD BUSINESS A. Rules & Regulations updates are being worked on and should be ready for the next meeting. B. Investment Policy Updates were deferred until the next regular meeting. C. Dave Erb updated the Board that as of this date he has received no direction from Jeff Wiley as to a refund, or transfer of his pension contributions. D. The Board acknowledged receipt of a letter from the Lincolnshire — Riverwoods FPD Pension Fund regarding Brian Lambell's completing his buy back into their Pension Fund. VII. NEW BUSINESS A. Request for Benefits /Refunds 1. Arthur Felski has submitted his application for Retirement Benefits from the Fund after 39 years, 3 months of Creditable Service. Mike Figolah, seconded by Sam Baas, moved to accept this application with a monthly pension amount of $6,091.91. Motion was approved. 2. Michael Figolah has submitted his application for Retirement Benefits from the Fund after 26 years, 8 months of Creditable Service. Sam Baas, seconded by Dave Erd, moved to accept this application with a monthly pension amount of $7,840.67. Motion was approved. 3. Michael Murphy has submitted his application for membership into the Fund. Dave Erb, seconded by Sam Baas, moved to accept the Pension Application from Michael Murphy. Motion was approved. B. The Board discussed the purchase of IL Fire Pension Code books from Goldstein & Associates. These books are the 2008 edition and with the changes anticipated in November 2010 this books would be obsolete. C. The Election for a new Presided due to the retirement of Mike Figolah has been deferred until the next meeting. D. Trustee Training Requirements. As of October 26, 2010 Trustees have satisfied the following amount of hours for Training Requirements for 2010: Mike Figolah - 16 hours Dave Erb - 16 hours Joe Knoll - 16 hours Jeff Ricker - 16 hours Sam Baas - 0 hours. E. Next Pension Fund Board meeting will be January 25, 2011. VIII. ADJOURNMENT Mike Figolah, seconded by Dave Erd, moved to adjourn the meeting at 10:07 a.m. Motion was approved. Respectfully Submitted, Will R. Baas Secretary Minutes approved at the January 25, 2011 meeting. Minutes of the Special Meeting of the Mount Prospect Firefighters Pension Fund Meeting November 16, 2010 I. CALL TO ORDER — ROLL CALL Secretary Baas called the meeting to order at 9:07 a.m. Present upon roll call: David Erb — Treasurer Sam Baas — Secretary Joe Knoll — Firefighter Absent: Mike Figolah — President Jeff Ricker — FIOA/OMA Officer /Firefighter Also present was Jeremy Seeman and Luis Bendan of Becker, Burke Associates, and John Malcolm. Motion by Sam Baas, seconded by Joe Knoll, to appoint David Erb President Pro Tem. Motion was approved. II. APPROVE AGENDA Motion by Sam Baas, seconded by Joe Knoll, to approve the Agenda as submitted. Motion was approved. III. NEW BUSINESS A. Presentations were given from the following International Investment Managers: 1. Capital Research and Management Company, by Mario DiVite. 2. Harbor Capital Advisors Inc., by Edward Leedom. 3. The Vanguard Group Inc., by William Horvath. Discussion by the Board as to the Corporate Structure, Investment Philosophy, Portfolios, Performance, Investment Experience and Fees of the three International Investment Managers. Motion by Sam Baas, seconded by Joe Knoll, to select Capital Research and Management Company as the International Fund Manager. Motion was approved. B. Request for Benefits /Refunds 1. Charles Livingston has submitted his application for Retirement Benefits from the Fund after 34 years, 2 months of Creditable Service. Joe Knoll, seconded by Sam Baas, moved to accept this application, with a monthly pension amount of $6,303.59 Motion was approved. 2. Dan Ackerman has submitted his application for Retirement Benefits from the Fund after 37 years, 5 months of Creditable Service. Joe Knoll, seconded by Sam Baas, moved to accept this application, with a monthly pension amount of $7,119.74. Motion was approved. 3. Don Burger has submitted his application for Retirement Benefits from the Fund after 35 years, 11 months of Creditable Service. Joe Knoll, seconded by Sam Baas, moved to accept this application, with a monthly pension amount of $6,068.87 Motion was approved. 4. Mark Wojtkiewicz has submitted his application for Retirement Benefits from the Fund after 25 years, 4 months of Creditable Service. Joe Knoll, seconded by Sam Baas, moved to accept this application, with a monthly pension amount of $5,323.03 Motion was approved. 5. Randy Cherwin has submitted his application for Retirement Benefits from the Fund after 36 years, 2 months of Creditable Service. Joe Knoll, seconded by Sam Baas, moved to accept this application, with a monthly pension amount of $5,304.15 Motion was approved. IV. ADJOURNMENT Sam Baas, seconded by Dave Erb, moved to adjourn the meeting at 12:14 P.M. Motion was approved. Respectfully Submitted, Will R. Baas Secretary Minutes approved at the January 25, 2011 meeting. MEETING NOTICE MOUNT PROSPECT POLICE DEPARTMENT PENSION BOARD MEETING TUESDAY JANUARY 25,2011 2PM VILLAGE HALL VILLAGE BOARD CONFERENCE ROOM VILLAGE OF MOUNT PROSPECT, ILLINOIS FINANCE COMMISSION AGENDA Thursday, January 27, 2011 7:00 p.m. Village Hall Building 50 South Emerson 3 rd Floor Executive Board Room I. Call to Order II. Approval of Minutes a. October 28, 2010 b. November 4, 2010 III. Citizens to be Heard IV. Old Business V. New Business a. Discussion Regarding Proposed 2011 Work Plan VI. Any Other Business VII. Chairman's Report VIII. Finance Director's Report IX. Next Meeting: Thursday, February 24, 2011, 7:00 p.m. Village Hall, I" Floor Community Center X. Adjournment NOTE: Any individual who would like to attend this meeting but because of a disability needs some accommodation to participate should contact the Finance Director's Office at 50 South Emerson Street, Mount Prospect, (847) 392 -6000, ext. 5277, TDD (847) 392 -6064. Mount Prospect MAYOR Irvana K. Wilks TRUSTEES Paul . urac Arlene e A.Juracek Village of Mount Prospect A. John Korn John J. Matuszak Community Development Department Steven S. Polit Michael A. Zadel 50 South Emerson Street Mount Prospect, Illinois 60056 AGENDA MOUNT PROSPECT PLANNING & ZONING COMMISSION MEETING LOCATION: Mount Prospect Village Hall 50 S. Emerson Street Mount Prospect, IL 60056 I. CALL TO ORDER II. ROLL CALL IV V VI Vll VILLAGE MANAGER Michael E. Janonis VILLAGE CLERK M. Lisa Angell Phone: 847/818 -5328 Fax: 847/818 -5329 TDD: 847/392 -6064 MEETING DATE & TIME: Thursday January 27, 2011 7:30 p.m. APPROVAL OF MINUTES OF OCTOBER 28, 2010 P &Z MEETING A. PZ -15 -10 / 804 E. Central Rd/ Marty Shekleton /Variation (Fence Height). B. PZ- 13 -10/ 950 E. Rand Rd. / Chase Bank / Conditional Use (Drive- Through). C. PZ- 14 -10/ 999 N. Elmhurst Rd. / CASTO / Variations (Fence Height, Light Fixtures) & Amendment to Special Use (Signs). NEW BUSINESS A. PZ -16 -10 / 1020 E. Rand Rd. / Atlas Oil Company / Conditional Use (Gas Station). This case is Village Board Final. B. PZ -17 -10 / 501 Midway Dr. / Niagara Educational Services / Conditional Use (Community Center and School). This case is Village Board Final. C. PZ -18 -10 / 1400 Business Center Dr. / Conditional Use (Trade/Vocational School). This case is Village Board Final. D. PZ- 19 -10/ 1601 S. Busse Rd. / Daveri Development Group / Conditional Uses (Planned Mixed Use Development and Dwelling Units above I" Floor) & Variations (Building Height and Parking Spaces). This case is Village Board Final. CITIZENS TO BE HEARD QUESTIONS AND COMMENTS ADJOURNMENT Any individual who would like to attend this meeting, but because of a disability needs some accommodation to participate, should contact the Community Development Department at 50 S. Emerson, Mount Prospect, IL 60056, 847 - 392 -6000, Ext. 5328, TDD #847 - 392 -6064. Planning & Zoning Commission Meeting January 27, 2011 Page 1 of 1