06/14/1982
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`: i TRUSTEES OF THE EMPLOYEES' PENSION FUND MEETING ??: s
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June 14, 1982
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,?( The City Commission, meeting as the Board of Trustees of the ' i?;
Employees' Pension Fund, met in regular session at the City Hall, R ' `
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Monday, June 14, 1982, at 1;05 p.m., with the following members `` ? ?
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present: ;w
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?, , Charles F. Lecher Mayor/Commissioner ?? { ?? `??'
H e e V e -M r o s ? ? ? ' ? '?' ???' ? '
Paul A. at h tt i e ayo /C minis inner ?,;,: Y
Rita Garvey Commissioner ?'? ?? ?,;?r,??'?
-`fi James Calderbank (arrived 1:18 p.m.) Commissioner ,, ? ?+ f?ys + ,
James Berfield Commissioner ?. , ,? ' ?? ?' u` ?,
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?` Also present were: ??? ?,'"?= Y,
? ? ? ?? s .i? 'Y ? ? °i Y re
r:r Ys r'?Zf`
I Anthony L. Shoemaker City Manager y "? V,
? ; ? t ? Thomas A. Bustin City Attorney '' ? ? ?'+s ?,?4;
? j " ?? Lucille Williams City Clerk ?- ? { '" ki'ai"?"'?p;?:`
?4 S' S f Y t } 'V ? !w ?? 5? 1
?, Y? ? '."?? ? of •hh ?5, ?JX'
r ! ? ti ?` r? Hws?
a Y ? iF ? i ? Sid .t?
y4s ? ? ti The Mayor called the meeting to order. ,w5, ? „ ?Y ?
y? ;• {{;'? ''4 , ? ITEM 1?2 Minutes -Commissioner Garvey moved to approve the minutes 1?? ; `'<'' ' ,{a?+} ?;?? °' r?kr t,S
\??k,y1 ? ? 131 4k ?,1 t!. ?S 1t
?? r' ;, ?, ??,?F,.,? ti ? > > of the June 1, 1982 meeting, Motion was duly seconded and carried ? Y ?, ?e ? ??x ?'? ? 7?7rr, ??
unanimously ? ? ? ! ???°? ` ; ?? `? "?
?i u?a ti Y'tSrL '? . ?`kr -?Y ??1C4
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z,?. ?? c ? ?? ? t ? py ,,? , ?+ N',? ,t , ?{a ?, ? .
V?P??',,?,?',,, rl,?4a5 ., 111, I?`EM ?3 -Common Stock Investment Managers (Aetna Capital Management f; rk" ?;.' ; ?r? f, `x??t'"?4;'
a? ? J
d't,411???t"?ys ?r, r ? t '?' s ? ? ?,, Y 7 .?.'y 4PO >: , y Fy??4?
xµ?. ????, ?, ?1??-?5 r~ Y ,; , and First National Bank of Denver Investment Management Group) . tt ,,, ? L, ,r i „?
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t t 4 ? ?r r! vF W t ., n i (?4 } 7L r i t Y? h, .
f#'lkatu?P G> '^?F r
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r?E?}? ?f uti ?9r s ?' 't"' t. '1 :? ? t c 1 ti5 C' ?i ro +tib y°r,
?,?'? ?Y? ?,?,,; ? ? u ,r Jeff Butler, Assistant City Manager, reviewed the proposals and f : ? ?, f,,,; 4 ??,??4,
?M?????+????'ti`x. ??sLy , , ii r tfp a tt's<4 .rY aY?.???x ..
? ? ?,, /? recommendation to retain Aetna Capital Management and First National ??; ,, , < , 5 ,?
ro.ifi ?Fp l?r`?? ?, r i? ? tr ?;.+l.. r?ty ?M
???? f,???a ?? ???; , 3 Bank of Denver, Investment Management Group, to manage the common h ,; +? a,, ? ti n yY,= ,?- ? " ,
°,,',????a, ???3??? ? ,? ?? ?; stock portfolio of the Employee Pension Plan, He reported the ',° , ?'r ??` " zs`?.tix +,?s; ??!???'
y {
°??? xr.??z ???t?"?? •??# r ?°? t t?. Exchange Bank of Tampa acts as Custodial Agent and takes custody of ` ? ` T° ??` 5 ?; ?T` ?'#`` ? ?'? ?
c?, :'?fr 7,+ s ? ??°kya 4 bkt y.di? r ?3?? I`"r
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??;????? ?*?? ,s'E?"}.2? ?"'? `,, '? the stocks as they are purohased and also acts as Advisor to the City. ?? ? s t? 3 ? Y?, ,+,?r??,??? ;
?r?F?i ???,u t?1r'???`ti? i ? `??? ,,, ?_s ?. y?,. Yll 4,L ??,6p,?
Y? xSt?7 V''? 9e ? ?? oC ? i, t ` : r t Y I n }? Y. w x f Y f ?? ?r?,l t e
{°??`? ,?4 '?'" ? ? Mr Butler was direoted to call other clients of the First ? f, ? ?? `'s ? `NSA
,s??? ?f???';`?? ???r??"``?f??" ;? National Bank of Denver and report back to the Board '.?r` ; r" } ? ` ?` ? ttA°F,t4
+? ? , 91 err '? t? l 'r • e t Y j
?? ? .tF?.nk r `tiws?`? E s r Y : ?! ? ?' f ? ?
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j ????? ?, ??L r?s* a?;y a a; <r„ Commissioner Garvey moved to continue this item to June 1?, ? ? ? Y ° ;'
?yl?t?,}?i.?;?????? _,?n?}r???`§'4 ?t','; ?" ? 1 62. Kotian was duly seconded and carried unanimously. r,,' ?
?}?`?,r?? #'?*fi? yy??t?Y 'E'?'?1ar?i 1. ? ? ` ?' 6e rx '' ?n sSv.t??r}b? +i ??s
T?, ?r????N,?.?,, kEw?, ; ? ??., ITEM ?4 -Meeting adjourned at 1:25 p.m. ,. ' , , ' r' `?' '_? ;???
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Attest:
? ? I?D /,. I-. ,
City Clerk
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Board of Trnmtoea of the I?plapeee' Peoaioo Fund
June 14, 1982
1, Call to order
2. Approval of Minutes
June 1, 1982.
3. Common Stock Investment Managers.
(Aetna Capital Managmt ? 1st Nat'l
flank of Denver Investment Managmt
Group)
c.,;
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4. Adjournment
1, 1:05 p.m.
2. Approved as submitted
3.. Cont'd to 6117/82
4, 1:25 p.m,
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