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04/20/1979 ,',I '" .... ,,_I, , " ~ , c, ' ':':';/~'?';:";::.",.,';')":',: ,i"':" ":;'!;,,),' ;::': ";::\:~?\~:;;:,\:";~~/~ ~'.~'::':,j\;~ ~~::,:::?I~r,~i;~',;Y~:~::\~&:; ';1" .1 ' , ';, 1: ",; '~~. :: ;::~~, 'd',"',' i ',;:::",:',:~:;~,;,.j,t.: , ,..,. ,< "0< ': '~~~.'.\ .'1'" l~~i;f~~0rr!\fS'!~V;f?tr(r7f':~:';):';'''?':::j\:::;::''> . '.' ~ ~U::i'..~,::~ >: ::,: ,;,.,:~',:';', " '~~.~~'\",.,~'I':.'>~C' ,.,"< toO c ". ," " !~,!I:;:;:::':;':;':", ..:.'., ,.) ",::,,~,": .:; ",;:.""" 'P'.' , ',,~j',~~.' "~',j : \, ~. ~h~:\':",'", ' ; ':: " '::,' ", "", ' , , ' , , ) , '., ',' r:,;,<.'" .' I:" c '.~ 'c.' ~..IIIrt.i.U'''~t;<W'''''~'.,,, '" ';. , , " ' ~, , I ~ < ) 1, " " " .', ,\ .".: , ; ~ "~ :",t ~., ,I " ...1': "I , , , ,\-.. _.....r"l" {,'. ....~~>.',.... "'''"''" .< >,' ~ oA- .~' , ~ to " '.' ~, ";' " ,> , ;, ' ,.. POLICE 'I .~. SUPPLEMENTARY ,~ ! " PENSION "- I I ," " Mfuutes \, DATE April ~I f/1q G' ~!J 0 I' ,:;I.'0:.-'~'ir ~-=- .~"~.,...,,: , '~'n , i~~. 1 ( t ~ " ,",' < ~L, ' r',~ I. "t" , . ~"."i' \, , .1'" ,"'. ' .5',,' " /> " ' (.~ c . " . , '~. ~ ~, ' :t' ,. \',:-: Il ~ . :' , 'T~ " ~ ' !~. :!:'.., , 'rt." ~f.;;': .. t', " .", . o{,. ' /',' : I),~ ' 'S" , , ".. , , , "':'1 ~> I c ,"',' , ;.:.'U':"1>Iq,\ ~ I " .. ,'., I' , " ' ~) ,. , o ',' , , , ,~ '... '1-' ~ :. , '\ ~~ , , , " I' ,,' '" ,.' '. I, " :,. .". .. ; '. ,-i"..',' ~ ..." ~' " ". , ' ""'''''1 ..., .,..' , u >:' r,' " , " CLEARWATER POLICE SUPPLEMENTARY'PENSION FUND ,\ AGENDA \: ' MEETING: Friday, April 20, 1979 at 9:00 A.M. in Conference Room at Police Department. ,(. ) '1. " Approval of minutes of meeting held February 20, 1979. 2.~ I, ,\ Request from Officer George Howell for , Supplementary Pension benefits. i , 'Maturity of Certificate of Deposits: , a.C1earwaterFederal Savings and Loan- maturity~date: April 26, 1979. b. First Federal Savings ,and Loan of Largo-maturity 'date: Mayl, 1979. (Each in amount of $40,000.00.) " ,~ '~i ' " ' , 3. I.'" " ','... .', ' ., "',,I 4 '. Request from retired Pollee Officer Russell Riendeau to convert ,his monthly pension check to a cash settlement. , '; ,~ l ~ .':.' i t " ~ . , 5. ,Request appr~val for Brock and Lewis, CPA firm to prepare the Annual Return Form 550Q-G Internal Revenue Service. " 6. Approval of semi-annual payment to Betty Ward for bookk~eping services-$325.00. 7, Ratification of purchase of CD (Money Market) ,at Guaranty Federal. Ratification of purchase of CD (Money Market) at First Federal of Clearwater. :. :;'~ ' ::<,;;,;': ::"' ,'~' , ~ 'cl :',':, :' ~ i ~ ~ .':;,1 " ~~ . ~ ,", ;~/.:,;::, I,~, ; "', /:::i:, ;,. , ..I,"'" ~'I. "..' Secretary, Board of Trustees '" -',.,. , 1', :.;'~ I:~ :': I,', , ',",. ':,: ~::r.: '. 1 .. '; ~,: ',:,": ':.":'. ':: ;,~ ,':. " :"~ , .",,'. , ' ~"" " ,. <': ,:;~':' '. ' ,,' I" . ,~ r" ,':>:L, :' 0' " : ~ . 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I, : :'..f'C) CLEARWATER POLICE SUPPLEMENTARY PENSION FUND MEETING HELD APRIL 20, 1979 "\C ,', ,': ,', I A meeting of the Board of Trustees was held on April 20, 1979 in the" Police Department Conference Room, 644' Pierce Street, Clearwater, Florida. The following Trustees were present: I CHARLES F. LeCHER, Chairman F~NK DANIELS, Secretary DONALD HIBBARD RAY KAMINSKAS WILLIAM SEDRICK Also present was Betty Ward, Chief Daniels' secretary. Rick Griesinger, Assistant City ,Attorney, was absent. (. ,'~.-"'l . , ....~,_f-rf Mayor LeCher called the meeting to order at 9:10 A.M. and called for approval of the minutes of the Ineeting held February 20, 1979. Donald Hibbard made a motion that the minutes be approved. Motion seconded by Ray Kaminskas. Motion carried unanimously. The second item on the agenda was request from Police Officer George Howell for supplementary pension benefits.. Chief Daniels read a letter from Mr. Howell advising the board that he would be retiring from Police Department May 18, 1979, and requesting benefits under the Supplementary Pension. Chief Daniels recommended the request be approved. William Sedrick made a motion that the request be approved, subject to the approval of the computations from Provident Insurance Company by the State Treasurer's Office in Tallahassee. Donald Hibbard seconded the motion. Motion carried unanimously. , ': ',I, , -;'l' u The third item on the agenda was a report from Betty Ward concerning ,certificates of deposit maturing at Clearwater Federal and First Federal of Largo. Mrs. Ward advised that the CD at Clearwater Federal will mature April 26, 1979. It is in amount of $40,000.00 and present rate of interest is 6~%. Chief Daniels recommended the Board do as in the past, and have Mrs. Ward reinvest the monies in Certif~cates of Deposit at the best rate possible. Donald Hibbard made a motion that Mrs. Ward reinvest the monies from the proceeds of the matured certificate in a money market ce~tificate at the best interest rate possible. Motion seconded by Ray Kaminskas. Motion carried unanimously. Mrs. Ward advised that the second CD is at the First Federal Savings and Loan of Largo, maturing May 1, 1979, amount of $40,000.00, present interest 6~%. Ray Kaminskas made a motion that Mrs. Ward reinvest these monies in a money market CD at the best interest rate, possible. William Sedrick seconded the motion. Motion carried unanimously. , " .. .;'" \.'''' ":,, ,<\, , \ ,~ " , , :1 . " ~, , ,'.~~ ' ,~ : > : I (',I,:':~::? ~. '<~:"l,':/';~ '," ',<'>, .'::""~".':i '.,:", I ,": , ":",i,,.,:,',',:\;,,:::,:,,:',,':,:,",',:,~:\,'~',~'".:,.:,:,.,'."":,::::::,',:,.::,,,;..:,',:,:':,',:,/,?,\',::~':::\ :~~:/' ;:,::.,.,,: )::,,:,,: "''<',' ", ;,~~" ,. 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'-"" ,,)' '"I : l , , 'I ,I f I c:. .u,_,..,.".,n~'~-",,,'.'+"'< (- ' + ~ ,,' " ,,' , ,,<: ~ ...'.' ' H " "\~' ,:; :11. --.. ., .. j: \~ '. .' ': , , ,I; 'J \ MINUTES, OF MEETING APRIL 20, 1979 PAGE TWO , , . '. Item number four on the agenda was request from Russell Riendeau, retired police officer, to convert his monthly ,retirement check to a lump sum settlement. Chief Daniels' advi'sed that Mr. Riendeau presently draws $95.28 monthly under the supplementary contract. Chief Daniels said ,that he saw no problem with approving the request as long as the proper release was signed by Mr. Riendeau. Donald Hibbard made a motion that the secretary write a letter to Provident Insurance to determine the amount available to Russell aiendeau and that a release be prepared for Mr. Riendeau's signature releasing the Board from any future claims. Motion seconded by Ray Kaminskas. Motion carried unanimously. j>, j, , , Item number five on the agenda was approval by the Board for Brock and Lewis, Certified Public Accountants, to prepare the Internal Revenue Service Form 5500-G. Chief Daniels advised that" Brock and Lewis had prepared this , form the past two years, and Mrs. Ward advised that the form is due July 15th but that it was not too early to 'start preparations for completion of the form. Ray Kaminskas made a motion that Brock and Lewis be instructed to prepare the form. Motion seconded by Donald Hibbard. Motion carried unanimously. J.' Item number six on the agenda was the approval of the semi- annual payment in amount of $325.00 to Betty Ward for her bookkeeping and secretarial services. William Sedrick made a tnotion that the invoice submitted by Mrs. Ward be approved. Motion seconded by Donald Hibbard. Motion carried unanimously. Item number seven on the agenda was the ratification of purchase of certificates of deposit. Mrs. Ward reported that a money market CD had been purchased on March 12, 1979 , at First Federal S&L of Clearwater in amount of $40,000.00 with interest rate of 9.665%, and a money market CD was purchased on March 14, 1979 from Guaranty Fede~al S&L in amount of $40,000.00 at an interest rate of 9.445% compounded daily. William Sedrick made a motion, seconded by Donald Hibbard that the two CD purchases be ratified. Motion carried unanimously. ' v There ~ no further, business the meeting adjourned at 10 A.M. spectfu~~ submitted, r"' /' ' /" /' t.1-l.t"~ ~."'--""""_~ NK NIELS, Secretary ard 0 Trustees