HomeMy WebLinkAbout2005-08-09 NEERB MINUTESNONEMERGENCY RETIREMENT BOARD MEETING
August 9, 2005
Chairperson Brandon Williams called the regul ar meetin g of the Englewood NonEmergency Retirement Board to
order at 4:03 p.m . in the Public Works Conference Room of the Civic Center, 1000 Englewood Parkway,
Englewood, Colorado.
Members Present:
Members Absent:
Others Present:
A quorum was present.
Approval of Minutes
Brandon Williams, Chairperson, Council Appointee
Gary Bowman, Council Appointee
LeRoy Da Vault, Council Appointee
Frank Gryglewicz, Director of Finance and Administrative Services
Mahendra Patel, Employee Representative
John Moore, Council Member (no notice)
Bradley Hagan, Secretary, Employee Representative (no notice)
Dale Connors, Watershed Investment Consultants
Kevin Yoshida, Watershed Investment Consultants
Joe Herm, Buck Consultants
* * * * *
MR. GRYGLEWICZ MOVED TO APPROVE THE :MINU1ES OF THE MAY 10 , 2005 REGULAR MEETING. MR.
BOWMAN SECONDED .
Ayes:
Nays:
Absent:
The motion carried.
OLD BUSINESS
Bowman, Davault, Gryglewicz, Patel, Williams
None
Hagan, Moore
Update of Real Estate Investment.
Mr. Connors informed the Board that the transaction is still in the queue awaiting the fund availability.
NEW BUSINESS
Watershed Investment Consultants
Mr. Connors reviewed the fund performance reports for the second quarter.
Notification of benefit termination for beneficiaries of Betty Jean Montgomery.
Betty Jean Montgomery, retiree, passed away on March 5, 2005. Ms. Montgomery elected a five year certain and
lifetime benefit at the time of her retirement in Jul y 2000. The beneficiaries were paid the final payment on June 30,
2005.
Update of repayment of overpayment of benefits for Esther Myers
Dale Connor, Kevin Yoshida and Joe Herm left at 4:25 p .m .
Discussion of Performance Evaluati o n Request for Proposal.
The Board discussed the Performance Evaluation Request for Proposal received for consideration . The Board agreed to
have presentations by Innovest Portfolio Solutions, Inc, Strategic Capital Advisers and W atershed Investment
Consultants . The presentations will be arranged on either August 23 or August 30 at 3:30 p .m. with a 25 minute time
allotment.
Board Notification of Board, Commission and Authority Appreciation Night, Monday, August 22 , 2005 at Romans Park .
The Board Members are invited to attend the City of Englewood 's Board, Commission and Authority Appreciation
Night. Board members should notify the Ms . Wescoat if they will be attendin g .
MEMBER CHOICE
Mr. Gryglewicz reminded the Board of the Colorado Public Pension Conference (CPPC). The dates of CPPC are
September 14 -16 , 2005 . Board members that would like to attend CPPC should contact Ms . Wescoat to permit timely
registration.
MR . GRYGLEWICZ MOVED TO APPROVE TRAVEL EXPENSES FOR UP TO THREE BOARD MEMBERS TO
ATTEND THE COLORADO PUBLIC PENSION CONFERENCE. MR. BOWMAN SECONDED.
Ayes :
Nays:
Absent:
The motion carried.
Bowman , Davault, Gryglewicz, Patel , Williams
None
Hagan , Moore
Mr . DaVault and Chairperson Williams indicated interest in attending and will notify Ms. Wescoat of their dec ision.
The Board 's next regular meeting will be on Tuesday , November 8 , 2005 at 4 :00 p.m.
Chairperson William s adjourned the meeting at 4:45 p .m.
Carol Wesco at
Recording Secretary
2 of 2
Non-Emergenc y Pension Board Meetin g