01-26-1982 Regular MeetingMiami Shores Village
PENSION BOARD MEETING
January 26, 1982
A meeting of the Miami Shores Pension Board was held on Tuesday,
January 26, 1982, 8:00 a.m., at Howard Johnson's Restaurant on N. E. 2nd Avenue,
with the following in attendance:
Pension Board Members:
Absent:
Also present:
Mayor Robert Lodge
Mr. Joseph Gionfriddo
Mr. John McCoy
Chief John Fletcher
Miss Ann Vigneron
Councilman Herbert Spahn
City Manager (vacancy)
Sri Baigobin, Pension Administrator
William F. Fann, Village Attorney
Wally Wilson, Wyatt Co. actuary
Walter Wrase, First State Bank
Dennis Clum, First State Bank
Minutes of the meeting of May 4, 1981, were approved as written
by motion made by Chief Fletcher, seconded by Ann Vigneron and passed
unanimously.
APPROVAL OF PAYMENT OF WYATT COMPANY BILL.
Mr. Wally Wilson explained that the additional work requested
during the past year accounted for the large increase in the bill, in the
amount of $16,355.00, through November 31, 1981. Mr. McCoy moved that the
bill be approved for payment. The motion was seconded by Mr. Gionfriddo and
carried unanimously.
1981 FISCAL YEAR END STATUS.
A report was made by Sri Baigobin, Pension Administrator, in con-
junction with the statement from the Trustee. After discussion of these
figures, Mr. McCoy moved that the Trustee be requested to furnish quarterly
evaluations of the pension trust assets based on market value, starting from
the beginning of the calendar year. The motion was seconded by Mr. Gionfriddo
and passed unanimously. The next meeting will be held in April.
ACKNOWLEDGE MERGER OF FIRST STATE BANK WITH BARNETT BANK.
Discussed in regard to the Trust Agreement. No change will be
made at this time.
INVESTMENT REVIEW. - covered under "Year End Status".
The meeting adjourned at 8:45 p.m.
Approved:
C4,v
Chairman pro t
Secretary