05-15-2008 Regular Meeting MIAMI SHORES VILLAGE
GENERAL EMPLOYEE PENSION BOARD
REGULAR MEETING
MAY 15,2008
1. CALL TO ORDER
The regular meeting of the Miami Shores Village General Employee Pension Board was held on
Thursday, May 15,2008 in the Conference Room of the Village Hall and was called to order at 3:00 P.M.
2. ROLL CALL
In order for the record to reflect those present,the roll was called with the following members present:
Present
Tom Benton Angela Dorney
Joseph Charles Averill Dorsett
James McCoy
Absent
Herta Holly Mary Ross Agosta
Also Present: Lisa Keeley, Interim Plan Administrator/Recording Secretary
EMERGENCY AGENDA ITEM- ELECTION OF CHAIRPERSON
Mrs. Dorney moved that an emergency agenda item be added for the election of a chairperson for today's
meeting. There was a second from Ms. Dorsett which passed unanimously. Mr. Benton moved that Ms.
Dorsett be elected chairperson for today's meeting. Mrs. Dorney seconded the motion which passed
unanimously.
3. APPROVAL OF MINUTES—February 14,2008
Mr. Benton moved for approval of the February 14, 2008 minutes with a second from Mrs. Dorney. The
motion passed unanimously.
4. APPROVAL OF PAYMENT WARRANT—General Employee Warrant No.2008—003
Mr. Benton moved for approval of payment warrant General Employee Warrant No. 2008 — 003 as
submitted. Mrs. Dorney seconded the motion which was passed unanimously.
5. DISCUSSION AND POSSIBLE ACTION REGARDING INVESTMENT CONSULTANT
REQUEST FOR PROPOSAL
Mrs. Keeley provided a brief overview of the committee results. The list was narrowed down to four
consultants. Ms. Dorsett gave a summary of the references. It was the consensus of the Board to have
the four consultants that were recommended by the selection committee provide presentations.
General Employee Pension Board May 15,2008 Page 2
6. OTHER BUSINESS
A copy of the Merrill Lynch March 31, 2008 Summary Report was provided to the Board with no
discussion.
7. ADJOURNMENT
The May 15,2008 regular meeting of the General Employee Pension Board was adjourned at 3:45 PM.
Averill Dorsett, Acting Chairperson Lisa Keeley,Recording Secretary
General Employee Warrant No. 2008 - 003
For payment from the Village Pension Fund for General Employee=s in the Village of Miami Shores,Florida.
To Chair and Administrator,or such other officers,who from time to time are duly designated and authorized by the Board of Trustees
of said Fund,to sign checks,drafts or orders for the payment of money;You are hereby authorized by the Board of Trustees of the
Miami Shores Village Pension Fund for General Employees in Miami Shores Village to pay the amounts listed below for services
rendered to the said Board of Trustees,and to pay the persons named below,hereby certified by the Board of Trustees as being on the
Pension list of said Board via this payment request pensions from 02/14/08 to 05/15/08 inclusive,or for the period of time opposite
the name of said persons.
Name(Pensions,Benefits,Services Provided or Obligations) Amount
To be paid by Trustee:
Authorize payment to The Boston Company
Quarterly management fees for the period 01/01/08—03/3 1/08 $ 7,525.70
Authorize payment to Aletheia Research and Management,Inc
Quarterly management fees for the period 01/01/08—03/31/08 $ 5,305.44
Authorize payment to Salem Trust Company
Quarterly fee for period 01/01/08—03/31/08 $ 1,307.67
Authorize Lump Sum Distribution:
Mark A.Malatak $40,163.22
Authorize Lump Sum Distribution
Mabel Vargas $ 6,601.53
Authorize Lump Sum Distribution
Tavares Wright $ 76.42
Dated this 15`i'day of May,2008 Payments approved by: &Jo
Averill Dorsett,Acting Chairperson
As Chair of the Board of Trustees Village Pension Fund for
General Employee=s in the Village of Miami Shores,Florida