HomeMy WebLinkAbout07/27/2010 PPB MinutesMOUNT PROSPECT POLICE PENSION BOARD
Regular Quarterly Meeting Minutes
July 27, 2010
Meeting Called to Order at 2:02 PM
Board Members Present: Halachoulis, Saviano, Floyd
Others Present: Rick Potter, Jeremy Seemann, Jeffrey Goodloe
1) Reviewed minutes of April 27, 2010 meeting
Motion to Accept
1 St — Halachoulis
2 — Floyd
Accept 3 -0
2) Reviewed minutes of July 12, 2010 meeting
Motion to Accept
1 St — Halachoulis
2 — Saviano
Accept 3 -0
3) Becker Burke Presentation
-No reallocations recommended this quarter
-Feel Dodge & Cox pretty strong manager, worth keeping
-There is a manager change at American Growth, no cause for concern
- Restrictions and allocations of managers helping fund
Motion to Accept Becker Burke report
1 St — Halachoulis
2nd — Saviano
Accept 3 -0
4) Review of Treasurers Report (Erb not present)
Motion to Accept Treasurers Report
1 St - Saviano
2 - Halachoulis
Accept 3 -0
5) Review of Investment Policy
- Seemann stated current policy is okay
- Review tabled to next meeting
6) Officer Michael Rose Update
- Motion to Stay Enforcement of Judgement Pending Appeal granted
- Goodloe stated appeal has been filed
7) Discussion of Rules and Regulation
- Tabled to next meeting
Motion to adjourn meeting
1" — Halachoulis
2 °d — Saviano
Accept 3 -0
Meeting Adjourned at 2:38 PM