12/08/1978
. ';, i- ~ .'
::'j.7
:~\~~~~,:~<:':~~"~~:/'i; I: ::-;::' ~~<~,~,~'t::~:l ;~, 'J,}}-:' ;:~',:':;' ."1".,;,,.,..,
.~ '.. ~ . ,~
~~'L;r\:;,:"-:,,', ;-:.:' ,;,"':,;, ,...,;~' ;<::,'>' ::' \ ','
'~I'':' ~:\;i' . .< ': j /' 1., : '
r~:,:>,:.',,:>; , '" , 'i', ,> ,.'
~: : ; ,'e ....... . . " F f .. \ e
: .. . : ~ [ ... : ....
:,;;';~':\'7!'Y r:r~'~t!t.,1'~~:~;
"
.,:
; .
'. .:.';',
<.....:.,',
.,,<:.
'i
'.\:~
~~~1'.:', e:./ ~I- ...
~~,~.\ > .'. "
. ,'.', ,
,:,:' ' . "T"'"
,o,.'r:'
"~I
. ,,'>
, " ":~.
, '," ,,: " '.:, ~ ;.
, > ~ .
I .'
\ ~ ,~
~ ..,
."
1,
;':':"::':i::
,'~ ~..,:~).!~
. ~ e
,"" .
.,'1'
.J,'
.,-
j' , '. ~.. <
. ;t
. ,.
l "'. :1.;'
~ . . ;: ::' {-: " .',
;,~,;)~,',':\':,',:,;;,.,':,:,,',:,",: : ',',', :,,\,',':'!\\, "~,!,',,',,, ',. i,h. :,:,' ",' ,',..; ,"., ..' ,
~ ':";Tl.~'.'.:.'l:'~ll.' 'e "'.~ Ii ..
~",.j'. ,I'''' .'; U, h J., .-:' ~j- ~ t' .'.11/:1 l'
rj~:~;>.'/ ,y:r....".. 'e. ";t:,:>..~.,;.,!. .~,' /:,:1': ',', "
. " 'Ie:.' i:,I'
::':~:d:".'":.."'."ll , I.'....".e~l<..~.,. ;'",' .:J,. :~, .\
(~~~~:... .r.~~':;l...Hi"1M~'''''~ "'7;~~)~i'i~t~t;v~~~~r~tJ~'.r,,":~~~~\,,~'\i~~t':'~r.l't',,''t)''nl ~"r:".,....;."T'; ~.,.. ,', .. T
,. <
"
': ,
. ~ ~'~,
.'.' .
<'"
,',
;::'.
, ,~e'
,;
e.,.
" ,
,<,
.,',
~ ;
\". ..,
'...... ~. ~ I : ~'".
, "
~..... . ~ I \~ "1' . .;, t ...:, ... ~... ~_ ,\ < ~~' , .,', l
(
"
".
c"
'POLICE
,.; ,
,\
'SUPPLEMENT ARY
:,PENSION
. i'.e
, "
Mmutes
" '
DArE~eCMrJIJei: '~
/tl1&'
"
c) fl / ~
';\
I,
, ,
'I'
..
:~~ e;''. :'. . " ~ \. e~
~.:'.:" :(':>' .'.,..
~\ ,;: '.
cJ f . "./" r
',d..' .. \.< .
~Ti'~,'>l...>.:, .
'...>,{ "
" :' ~,e ",
o '
,~t:t'e " "..!-.r . :.0' .
"
J:: . ,T~"
:['i't'.:'. .' ,
~'i'":~.f:\ r, ~ . >... : l'
."I[~
(!. ..
1,-::' : ,.-,
, ,
[',' ~. '
~ ::.. . I
'"
o
" ~.
. { , ' ~ 1
"'-'"
\
"
. . .... ~ ~.......
, , \.../
.:.:"1:';'. ., ..:.c....:-.l. .,'
" '
> I'.
, "
':', -
"
, ,~ , .
,e:, "e
c ,
.,.,::.. ,
. , ~. .
. ., . ~
, ,
, '
, '
" ~ '. :'~I. '
.,,'
,'.(.: ',', e
, ,
" .~ ' .
:: ( , I:~ " !' "~..
," "
, . p "' .
~..1....1.,.,H ~~.i.."... "'ht,\".~I"':".;~"~':' ~I" t'>~'.~l" '~'I'o>"'.' +, 'or ......, ../..
AGENDA
,I
Clearwater Police Supplementary' Pension Fund
~1EET ING :
Friday, December 8, 1978 at 10:30 A.M.
, Police Conference Room
Item 1: Approval of Minutes of meeting held
September 8, 1978
Item 2: Approval of Invoice from Provident
Insurance Company dated 11-17-78
covering increased benefits for present
participants; and 19 new members covered
as of September 17, 1978
Item'3: Ratification of purchase of Certificate of
Deposit Freedom Federal Savings & Loan
Association, Largo, Florida ,in amount of
$50,000.00
,/
Item 4: Approval of proposed Lump Sum Settlement
Ordinance for submission to City Commission
for final approval
Item 5: Certificate of Deposit Maturity Notices from "
Home Federal Savings & Loan and Florida
Federal Savings & Loan Association
Item 6:, Semi-annual payment to Mrs. Ward for secretarial
and bookkeeping services
"
Item 7: Approval for Audit of
(--.....
( ..~/.'
~-,~".
!
;
, .
. '.'
" ,
','
, ~, '"...... ~ '(.>>'1I~1;~~~~
. ~. .."'t' ,~ .~ ~.,;\' ~}:.:;I \ 'rr,
'(:
'. ~"
,',
I.
,I
J'
I
I
!
1
I
I
I
I
,
~l~(;{',':"'" .
)Tr~t", ..r. .
.: ~
'!
..
",' .
", -, ,""
," t ~ ,'n
, , Ie. ,
.......1~'';'':"-:~....~...'... ~,T_..':''II:~.. '("c .~......i. .... ".~'''j ~
~ .... ~ .~
.
,,',
, r\ CI,EARWATER POLICE SUPPLEHENTARY PENSION FUND
\...,..,..J.
'.'(
~. ~
",
. /.:
,","
," .
. ,
....
':.::
-,,'. !
:;,,:1.
-.,::"
.':,:
'.~ .
.:I::~ I'
::~:0
. ~ '.
......\~.~\
~ )
--
','::'.
. ,
.:.'
" .
-f"
,':.',"
., ,
,-,'I
...~..
~~l'
"
" '
"","
:~:}:
;'1
, "
~. .( ~
;!~
~ . . >
....'
.',
i.;:.
v
. ..'
"...,
.~:,' .' ;
~
!.~~
.:.: ~
",
MINUTES OF MEETING HELD DECEMBER 8, 1978
A meeting of the Board of Trustees was held on December 8,
1978 in the Conference Room of the Police Department, 644 pierce
Street, Clearwater, Florida.
The following Trustees were present:
CHARLES F. LeCHER, Chairman
FRANK DANIELS
DONALD HIBBARD
RAY KAMINSKAS
WILLIAM SEDRICK
Also present were Rick Griesinger, Assistant City Attorney, and
"
Betty Ward, Chief Daniels' secretary.
Mayor LeCher called the meeting to order at 10:40 A.M. and called
for approval of the minutes of meeting held September 8, 1978. Ray
Kaminskas made a motion that the minutes be approved. Motion seconded
by Don Hibbard. Motion carried unanimously.
Item number two on the agenda was the approval of, invoice from
Provident Life and Accident Insurance Company, Chattanooga, dated
November 17, 1978, covering increased benefits for present
participants, and 19 new members to be included as of September 17,
1978. Chief Daniels. presented the invoice in the amount of
$20,673.82, stating that the invoice had been checked by Mrs.Ward.
Don Hibbard made a motion that the invoice be approved for payment.
Motion seconded by Bill Sedrick. Motion carried unanimously.
Item number three on the agenda was the ratification of Certificate
of Deposit purchase from Freedom Federal Savings and Loan in the
amount of $50,000.00. Chief Daniels reported that one CD in the
amount of $50',000.00 was purchased on September 19, 1978 for a
period of 30 months at an interest rate of 6 3/4%. Chief also
advised that even though the amount exceeded the $40,000.00, for
insured accounts, he had been assured by Lloyd Wynegarden, Managing
Officer at Freedom E'ederal that the full amount would be insured.
Bill Sedrick made a motion that the purchase be ratified. Motion
seconded by Ray Kaminskas. Motion carried unanimously.
Item number four,on the agenda was the approval of the proposed Lump
Sum Settlement Ordinance for submission to City Commission for final
approval. Copies were distributed by Rick Griesinger to the Board
members. He stated that the ordinance would be placed on the agenda
for the December 21st meeting. The Board requested that Detective
Kaminskas attend the Commission workshop meeting on December 18th
at 10:00 A.M. for the purpose of answering any questions the Commission
might have concerning the proposed ordinance. Bill Sedrick made a
motion that the Lump Sum Ordinance be placed on the agenda for
Commission approval. Motion seconded by Don Hibbard. Motion carried
~$0~0J~~~~~~~
~ '~ ' '
. : ;., ..'.~. :". ,'~' ....',..I};
"'.
"
,
, ','
, ' ,
, i-l_
"
"
,<"j .
~111' c:
, . c, . ~ . 'J-'.. .~...-l: ~ .. < ~.~ ':,<' i .:' ~ <"-:0 '" ': ;'1' '.:. ~ \.'>.-" '. ~; \: ~ r r, i ~ " : ..~... .'. ~. , Q
c ...,. ,~' ~ .. '. '.-" . . . ...... I.,..
~, ...
Minutes of Clearwater PQlice Supplementary Pension Fund
Page TWo
Meeting of December 8, 1978
, '
i
unanimously.
. ,.--.,
,\, \
'-'""
Item number five on the agenda concerned the maturity notices
from Home Federal Savings and Loan Association and Florida
Federal Savings and Loan Association. Mrs. Ward reported
that 'both of these CD's mature December 15, 1978. Home
Federal CD is in amount of $40,000.00 and Florida Federal CD
is in amount of $20,000.00. Ray Kaminskas made a motion that
,Chief Daniels and Mrs. Ward invest the $60,000.00 at the best
possible interest for short term money market CD's. Don Hibbard
seconded the motion. Motion carried unanimously.
Item numbe~'6 on the agenda, was the semi-annual payment to Mrs.
Ward for secretarial and bookkeeping services for the Board of
Trustees. Mrs. Ward submitted her invoice in the amount of
$325.00 for the semi-annual,payment'ending December 31, 1978.
Don Hibbard made a motion that the invoice be approved. Motion
seconded by Ray Kaminskas. Motion carried unanimously.
Item number 7 on the agenda was the approval for the 'audit of
the books for the calendar year 1978. Mrs. Ward stated that
the firm Turnburke, Brock and Gadney had changed ownership
since Mr. 'Turnburke's death and is now Brock and Lewis,
Certified Public Accountants. Ray Kaminskas stated that if
their services had been satisfactory and their prices were
in line, he would suggest the same firm be used this year.Don
Hibbard made a motion that the firm of Brock and Lewis be
contacted to perform the audit. Motion seconded by Bill Sedrick.
Motion carried unanimously.
Motion made to adjourn and meeting was adjourned at 11:05 A.M.
Respec
,-" .-
"',
(J
.y submitted, (~)
l. '\.,
....r-"'--.....~'''-.. '1../"..../
Secretary
/
/
o