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03/13/1981 "i'::2i:01;l:i~~f:f;j~Y:1~:1;;~~ti;:~:;";~N?:: t.:r>.:~ " . . ~;,\~ ';.. ,~ , . i ~~,~' '. " " ~~:',:: '\" '.' x::.-:\~;.:.:.:': "', l' " ,'\'" : . .,' ~::~~(::.!':~~:.r ':>~ . 'L \' ,r, ~ '.'.' . '_/.1 "., :'(,'.:~~?~~':~::;,,~:'(::/,r<." '": , ~',,:; , , '.: '~:'";' :,: "':"':":.-";~.'~:~~:~k , ' '. d: :,~,<\~:. ,;: ...,..V "1.'~/ ~' ~ " , , t. . ~; , , . , '1:;- ,; ','l :', ,'"'' '<,' .,' 'i~"~,, ~.< ,. ~,., "~;l.l 'U~j~,:;:\..: ;:",.::'" ; ~":'.H''< ;':,'1,",:',1.. ';,. ~",' . r' ." ,'.j,..', ", {::;;~!", '" '.":'", .. '. 'I.:'" :'': ", . ~' .,".,d~ J.' ~.', , ,.' " ,",,: '.' " r; . '( .. ~ 'L' ,'~,1.: ,.,. I ~. . : ., ',," i, j\/"" ...1... . " ':: .'~ ~ . 0 '.', ,,' .:( :i,:: ::,:' ~: ',":." .. . " .' ~ 't ' ,. \' i :~,.: ~ -l". I" ," " , \ ' \ ~ ",' I' \, " , ::~ ,; <, .1 "" .; l' " " ", "! ,/ , " , :' ,:):'~ ' :" ._, "..'i'" ~>Jr".R. ;.~~ '.'" ' ... ." ~ " . _ , c, , .. :f' ,.-. , . , " ''" , '.' J.' , t-! . .. ':' 'f' "t.' . ,', , ~ POLICE 't ~~' '" . . SUPPLEMENTARY ., PENSION Minutes ,'/ I, '! , ) ;\ : DATE /J1llrM, /o} /tJf I -, :' I. o J.76 '+ .':- ',"" :. : ~ .; :1 .1, '.,! ' ,.,.' ,I .~ ,. .1," ".',1'. iI;." " " ," '". , . ',~~.": > ; l",' " ',:~<.,~,:"'/. : ., ,: " ',' ~ 1 ". "..,.. '..',' , ,'",' ' , , '. c , . ~ ~ l I, ::' .'. . \ ':J: .. '. ' ',f . " ' . , " " f " ,.' ' < .' ""l:' ... '...j.,... ...'.f, . ,.' ,,'.'~,'~ ",'", c, \' . ~ '.',~:,..~'<,:._ ....:.:~,. "~\:",,:,',""{":..:,,..:'.'.':..:.,':'..:','.,,:;;~;::'.',.',;......: ,::~,,':"';',.~.".,'~.: ,.'..,'::::.-','..',..::,',:,....; ,/..,.' '.' "...:,:':':.:-."'.: '? " ," '" 0'-: ,::, . Ir:": : . ~' ...........- ';'.'~.'.~' .,,:.,"l~..., '. :",'..:....::\'~,;,:,',.:I:'.:."',';,>'~:.';.~::',..\,...::,":,.,..~",:,..~.....:,.~','~,',~'...,.;..,'..:.':,:.'.;.:".'..:.".~...:.'.:,.:...'.:::.,'. >\:>:.' J:':'f,': ':",~',"t.;:J,;": :.:....:,.';'-\.::,1.:',< ~ - . , ." .', ' 11,:<'" '. . , .....,. ,..,;'..\":.::":..,.., ,::'. ''i. ',~' " ~\f:: ~.:~: . (id'! 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(!If':, ~' ), ;~""'f' , I: ,,; '. ..~ ',:. >, " , ,I" , I ',. ; ,: ;,".. , , . :' . , , I., ~': ,\' , , ',l '",.,:' '. , ;'1:">. :;~ r ..,. , ~ ,..':.,~ >>r' ':';.: ~", ':): .:. , ....~. , '. ~~ '.i ~ :'~", " " ,:;::r:' , " .", '. 't~' ~ \. ,-' ,. ',~ . " ,: ',' ( , '. ~ , '" "r.. . ': ~ :.. . , f , .. ,," . , , <. .' ~ '. ~ ~' .' I: . " , v'.. f.,. " 1-' .' I. ,". I" \:.~< .L:~ I, '~1 /...' +,'.J. '''''l"'' .,,~ , +:l'i' ',)' :' ~:!: O' JI: "J,f '.'.f -1 .. .~~ 'T ; '~ .. .. " r J .. -r. " :~l :' ~\ ~ .. ." .. .. ;",;' , +', '0 ~ } " ,. " , , , , , , .. [ " ., , ..' \ ,;i ,,~ , .,~.. ., t ........~ '... , ... ! ; i:;Y' , (... .' . (.~, /: '.. ,',. , ,::'0. 1<'.: . f AGENDA CLEARWATER POLICE SUPPLE~reNTARY PENSION FUND, MEETING O~ ,. MARCH ~3, 1981 AT 11:00 A.M. IN POLICE! CONFERENCE ROOM. . , 1. Approval of minutes of meeting held February 27, 1981. . " ,', 2. Approval of payment 'for' retirement benefits due' retired 'Police Sergeant Charles E. Hayden. Ratl.'ficatlon of CD transactions made by Betty Ward. 3. 4. . .s!. Certificatej of Deposi~ Maturing.in A~ri1, 1981. , Correspqndencefrom Leonard A. Olivieri,Chairma~, 'Police and Fire Pension Board, Fort'Lauderdale, . Florida... .' " , \ , .' ~JfL SIn KLEIN, Secretary Board of Trustees , , . " o " if,~"'." ',J. ~~jfl$.y)' ' , : ::~ t ~. . \, " ' i. " rt'Vf-:':~H\'''';' '::" J:.:'~ -: ~: .:~,!,c:i'.', '. "oj . c '. ," l",,'J ~ . ' I CLEARWATER POLICE SUPPLEMENTARY PENSION FUND MINUTES OF MEETING (") HELD MARCH 13, 1981. .'-y.o:" .A meeting of the Board.of Trustees was held on March 13, 1981 in. the Police Conference Room, Police Department, 644 Pierce Street, Clearwater, Florida. . .\' The fOllowing Trustees were present: 1 . " .... r: I,'; " CHARLES F. LeCHER, Chairman SID KLEIN, Secretary RAY KAMINSKAS WILLIAM SEDRICK "It, {:' " , ~I" Also present were Richard Griesinger, Assistant City Attorney, and Betty Ward, secretary to Police Chief Sid Klein. Donald Hibbard, Tru~tee, was absent. Mayor LeCher called the meeting to order at 11:00 A.M. and called /'. for approval 'of the minutes of the meeting held February 27,' 1981. William Sedrick made a motion that the minutes be approved. Motion seconded by Ray Kaminskas. Motion carried unanimously. The second item on the agenda was approval of payment for retirement benefits for retired Sergeant Charles E. Hayden. Chief Klein.adv~sed that the board had received a letter dated February 27, 1981 from Provident Insurance Company setting forth benefits to which Sergeant Hayden would ,be entitled. The lump sum cash settlement available to Sergeant Hayden as of his March 23, 1981 retirement date would. be $11,525.05. The cash surrender value of his life insurance coverage is $10,974.29, leaving $550.76 needed from the Trust Assets to pay Sergeant Hayden the lump sum settlement. Ray Kaminskas made a motion .that the secretary complete the necessary paperwork and bank transactions to pay Sergeant Hayden the lump sum settlement. Motion seconded by William Sedrick. Motion carried unanimously. , ;, !.> ~': : :;" ,; : ~, ~ :.:.> . :,', , ~ ".,,: .,',. " ~:' 1 ,.,', Item number three on the agenda was ratification of certificate of deposit transactions made by Betty Ward. William Sedrick made a motion that the following transactions reported by Betty Ward be ratified: 1. Renewed $40,000.00 money market CD at Biscayne Federal Savings and Loan on March 6, 1981 Interest rate: 14.383% ~ ;'.:' ," ~ : ~ ,', . !":. , , .', 2. Purchased $30,000.00 money market CD March 6, 1981 at Biscayne Federal Savings and Loan Interest rate: 14.383% Motion seconded by Ray Kaminskas. Motion carried unanimously. Item number four on the agenda was the maturity of certain Certificates of Deposit. Betty Ward reported that the following ",",\. f :~<~ : : ~ < J f',":' : . ~ , ~ 'c, " j,' . r,' ''\ ',', ,I" ' :',>~ :': .', ' :' \: .~J, ..... '... '. ....\:;'<(':::';~r'i;:S;i:':~.";:}:;;{,,;';\~1:;:t,&~:.~',/::i:>::_'X};,:.;;::ilY;.(.i'YSi:\'~,,~~.Pi}~~i '........ ....'," .' ...,.,',......., ".., ''"l.t,.", .~:" '.,' ..)...'...'.,'."...."'" . '''''''~'' ..', :..';......:;.':' :,'. ).'~'~.',::'..;'.:..~:,';.:.,::,;':; :.'..,' : ':~ " . ,'"\ <'. : .':; ;.:::: ".~ -<.r::' 't.'.::',\:: ;"i.,..\'" ::' ;';\:.;:(:::. ':,)::"':.:', ;::":. ':', )', ::...." ,:. ':.;><,:,~:, >\:' ::.'. ,',;'. :,!,\',> "/~'~ .':-:,:V:" ,: :}',',),~:;l:\ ',. n )- ~ ::":,:,, " " ':', :. " ..~ "','":~;;::: )j~'::'~::{~~ ',;<:r' ..~::,\../~;f~~~t)~'~.f/:.)", ,'. > -. . hI, I ' ., _, I , ",' . ~'!"t~"tt'>:':)~'~';J~.rl"':.'1'j.'7f"'':f~I'"J..':'''~'''''~'''',H'.''' 'c.. <...... ; . ~ ',; ....+" . i<' ':' c.. ' ' ;~, I" ... , ' . 1;'. f, , ',( >.:~, ~ ' ,', ' . :'" ,~ ...,'i'" .. I '.. ~ ", ""'" . l .,,' > \': 1 ,. ,', '. ' . ,', :,: c >,,~ :" ,.',' I \,,' ': '.. ! i " , ~ :; '. , l' ~~,~. ' ~<' I, ' , ,t..., , ~r.;:' : " , '. ~l' ' ,.' . i"'\'~ ~' ", ~ i;L , '.......'/ 1- I . - " . ' . I. . j." , .',' , .:' , ,:.~;,..() . 1 o ''.,~.oI~ ~J~",,~:-;...~::.,~~l.;:" ~,:~..., '.~/:~;'~'~:;'~~l";:"':::: .~.I,'~::: ",. ~ ..,~.,<.. 1 ~ ' . ': ~ T, '~ " (: , '. .,' , " . , , .' 'J ',; " ", ~ ~ ','c," t '. ~ '.', ,'.' . " \ '.' ,'. . ,I , .. . ,,' , ,. ',~ ' . .'.1" , l' '. ,<v' ,J ': \~ . v,,"" ,p<, , .......' ,:~ ....,~, . ~:.. < .... ,'" n'" 'nO , , 't .' > ~,. '.~' 0;......:' r' , ',.: ' \.; '" C,"'... .,', '';-,' . !;: ,.;".'1 ,.. ~ . .' J" ,,-e<o~ .~, ~ . ,.... ""~ r.. ..... ......'"'".)!If,., '.I....,.. :' ~~J ;t'ii, , ,1../..'; '. ':;'~ .,' .~ .,...." .'.)'" ; ,q .' IXI '.,....; .Ii ~ . J; . . '~'i: . , ~.. .,.' .' '.' Clearwater Police Supplementary Pension Fund 'Minutes of meeting held March 13, 1981 Page. 2 . \, ~ . ;'~~~ , ~ ~ .~ ,> ,. '. .. '"' CD's ,would mature in AprIl, 1981: l~ $40,000. CD 'Clearwater Federal S&L Maturity Date: April 23, 1981. 2., $40,000 CD ,Clearwater Federal S&L Ma~urity date: April 30, 1981~ Sgt. Kaminskas made a motion that the CD maturing on Apr:l'l 23, 1981 at Clearwater ,Federal be increased from $40,000 to $50,000, explaining that.there was in excess of $12,000 in Barnett Savings 'to cover this. additional purchase, and that the $40,000 CD maturing on April 30, :...:' 1981'be renewed on date of, maturity. Motion seconded by William . Sedrick. Motion carried unanimously. I"f, :\ ,. ',' ",.'[ " , , " > ',~ . " " Item number five on the agenda ~as correspondence received'f~om Leonard A. Oliveri, Chairman, Police and Fire Pension Board, Fort Lauderdale, Florida. Chief ,Klein presented the letter, inviting the board t6 join,in ,forming an organization of municipal pension board members' throughout 'the. state of Florida. The board took' note of the letter 'and 'asked ,that it be filed. >:~~ . ,\ l' , >~' ; .; . There being no further , business, the meeting adjourned,at 11:30 A.M. ~,..:/ JlL SID KLEIN, Secretary . Board of Trustees . \, , ,