Loading...
07/08/1985 + c,'/,;> '>,'" '/'::'/ ,>\ ':.1 :,1/ :'/'. ~;: ; 'lh;:~,1~('~;1'~~Vy't~:"':'?~~??{:(:\~;'::~~Y'~~;:7':>,~r::',)~'::!'":/':"'"" ~}:;~"",;,'>':, , . I , ',: I ~ ,,' ~,1:' ' '" d '~',. " " ::,1,', ;:'~{:,~, ,'; I t,~'" " , I . , .1, I .. ' t:~'~\T;.'~. J,' ,T.. .' '.' ',: : ''-:1.. : .:...' ~ ' ;', I : ' " , 'r::':.': ::,' " ~' " \: , ~ ' " '" " ' .: , '. ,', , ~ ~ .'., ' ~~':_~,:';>.'" <, I' ~~,:',~~::~:" ' ,,' "I'" .' ,c";:"'~ ct .. -" ~': < :'1"1::" :.\" .. .' ~ , "+ . ,1 , '.' ~ >, :' ., ~<~'i,; 'I<~' '" " ~;~J:f:' ~':,l:' ,;. ,c,' ,n ~ '.'" , > l' j' .,,'... :.; ',,' ".', ',',' ',', I ~':" . I , " ' , ,,<,.c,:~' <"~ ~. c' \ (,":/~.:-",., ,."" '~rl"'~' ",,~,:'''''' ~':~I;::{ :.,' . . ri l . ,-'..' , " I , , ,", '+.' ~;~\~~~~~,j.,:~iL~<~,;;:( '~l' ..'.',' :',-", ..w: ".' ;:1 i .,. " ,,' ,. !, ,,,' " , ,'..\. ~ ~ " .c,', :. " , ' .......... /:~ .. l<tL~ , ~...~,~ ~,',.,,' .. '.... " '" ' 'et~ '. " "',' '"' \' ., , .' ,,I " T " .' '...' DATE 'I!ltl1 I': /f~~ ./ , . :"'( , ,I , .: \' 9S-~ ., ,'" , I;':' , ' " ~ ' ',:1. L: C..:,c", ',:' I , \ ,), " . ,,' " ~ '; '~.' " ,+ ': I", ~ r' 'c ~ ,\' :.":'.;> . '<". ......-.. :,'-......:<;;'.Lf..'..~".",_\',;,......H.~.". , " ;.. J' , > ~, r,' ;' ,.l,'" l ' ~, " :' , " ' , ,j, ','c',;" ' J' .." .,</~ :,',' . ,c'" " , , " :,~', -,',', :,". ,~',I',: ~"'-',> ',' '".... \t\~" :~:,\' ~':'." :.,'~::,~ ,.,~.'\',,'.:~/ > . " ' , . I ' '.", ',.' ",'. ' . c" ',' ,~. ::', :,~ ' ',', ',;:" ,',;-.,,":, ~": ,i. ,: --:,::~ >"'; ..'" ,'.,'",,; ,:'.'.. ;' ::.';': ,:-;:, ,: ::,...', ~";',,' :,:;>:<,:'<:' :-:; "'.-:" , ':', ",,' "\" ;'.;,,' '",' ,.., :" """'L~I"""":'I' '."',.,"'.....'" ......",', . ;'.... ,:' '.. ;., '.', "", '" 1" ~",,'.' ".: ..'...:.\-':..'.'.', <..,'...,.. I" ,':,' ,.",', ;', : ::~ :'I,..::'~ I ", :1;' ~ :". ~ . ,:; <,' ,', ."; .. '3-: ~ .. . ,\ , c ,I; :':~ ',. ':, ., , . ,:,~~I " ," ,., /:: ~, .' ;'.' I~ ,'... .'1', " ,I " T, ~,~'1.p '.....T't1.._.~",f.'~~', ~~:(~ '. ,.::::,;:n~;' ~:.':>Vl>',~~ , ~ l: " ',' ;(\.i:' ,:,;;;:..1 ~I~/ ,," 1, " '~') " ,. J:' , 't" Ie.,' , '."..1"'" " ,~ "....,'f~'.....' > ,\ " \';/ .'r{. , , ~:.:~<' >'.., ~"I,. i, ,'. ~., , '" ,', ",.,' \ ':'..,,:1 <" "".,:<': ~:::,\,~,',:', : ',://; , ,....:,':: . ;:, "':":~ .;", " ...;~;\ ~,'. ~~:,',>,,~~r;..;'. >; :1' , , ' .'1'," '~~~i\\;f{::~:KW!:?j:,;:(ty:'!:::;:t:":;'; ';I,:hC"::~~1\'~tt:;;;':"7't""';':"( i".'.' .:.'~ '; ,:. c: > . :",t .... ' " J , I'. " c::,/~\i d J, ,..' \", ," ~ ,. ,~ , .. , / F?,,:,,: ',: ~:': ' ,,', ',;, , ", i, :< :':,.:":~" '~"",y, ':: "',"".,, ":,," '~~ :~'~,~:,. ,;,.. ,." 1 " .."" \,'> '~,.' ~ I ' , ' > ~ . ~. ',', , ~ ' . ~ ' , > i". , " " "', ~ ~___; """'i;c"~:\4 ". >.< H ',., """'::I~~.! '.' ,:."~, ",'l., d' .; t ., '" I' '~.:\ I" ~~ :" >.1.': : t <, ' " :~",)"i;,,',':~':" "., '. '~,! II"" c ~ f. . , " " I ."..,c~ ~ i" Ir. ~ " '",.,', I ,,~-:.Il ;:<~ ,d ,.', ,,', >,. B~'\P,,~,',:,: :,,;; ",;, " " ': ":"', :~:".'" ':::\:', ':. ,: :'",' ~:,', :J:~''''~'~l' ",;i<1{~,,!~i~I\~,\V':.\<i.I.\!~~t;fI,,~I;;'~'~,v"~';~',." , :i. ", :', ;,' .rp,FJF'f~ '>l\."v 1,y:,,'!',.. J'......, ,1";,-..." "F~I.'T,.'~r:rV~c.,...~'i'\.~....." ~ ;~/...Il ';:' ~ ,J.: ~(') ..: \;:;~ l: ~. tr'~' ':: ." '" "" ",', .,~""..,',.",,',' '''''i'!!"!!.?'1:~'t .... ':.';{~r( ?t:!;:<' , ''l\:;~;r~~ ", "'r/:V,~M~;; " "::"~', ..c (~ " . .~; ,\ " " c' , , '... " ~ " ~ , . . , '.,::;'i1 :' ',,',' . , . , ", ~".r "', ";~';;<:'::r~~ " ~, 'ci, :r ,', i ,"""" ,', , , '" { ':ii' ,~ , It, ~ ,;",;~ :,\ ." , , :,c ~.,..: y; {r',^~ /~,;,:"I't.....'~ ;.f.~,' ,,' ::':,:/(~' >"_c........l",o.;....t;,\lI'o<Ifft ,'>r,.). ~' . ,t.. ;:~ , , ') "," )\ '.,,' , ~: lo.; n , ~,.,,~"~ " \,.' POLICE SUPPLEMENTARY PENSION 1': '! MEETING OF MONDAY, JULY 8, 1985 " . " , , '\ , AGENDA " ,', " ,. Approval, of, Minutes of 'Meeting 'held June' 4, 19'85. 2. Certificates of Deposit Maturing Betty Ward. .. l,:,. ' ,,';"'(1 '. J' ' c, i'!,. , :';'j l~ ~,\',:;' ," ,~", 3.' Ratification of business transactions made by Betty Ward. , , :' " J' 4. Investment 'of monies presently in Fortune Federal Money '"Mar:ket Account [ ... ., ,'J !', ,[ , I , " , " '.' ., ~-liL SID KLEIN, Secretary Board of Trustees , , , , , '.,J . ' ..,( ',' ~', ;',f',,,,">r >, ,...n,!..:l'..'.~.......::T~~.P~~~......'~..~::-,....;.... '~:"'" ,,~lc::CI ..." ~..l'. ,-rl" ~il!i!'Z>~~~,':'i".<i ," :, ;~~!I:~I,:.r")' ~', ~\, ,I, ,'. ' ' ',' , . l'~" " I. .'", 'I : .,' /' I, , ,~' ~ " ,~"" ".. " ..". ';" -; < ',1, ~': .. ~., , CLEARWATER POLICE SUPPLEMENTARY PENSION FUND - MINUTES OF MEETING HELD JULY 8, 1965 t~ A meeting of the Board of Trustees was held July 8, 1985 in the second floor Conference Room at police Headquarters, 644 Pierce Street, Clearwater, Florida. .' , , ,!'l: 1',:, ...~,-;. " ,.":' ',:\' :"",1 -::: , ~, " '\1 ' ': ,.". , .'. -~"...\ ".J ':':F, , ',~ '.\', . ~. ' ",.' ',', t,,' ,'.j', ,1, : ~ ~' ;, "" ',< , "0 , ," ,--.) " .' ,0 ~ f! : , ,1.,..,.,; ,I " ; ,\', . ':p'~' ~ 'II,: 'i ~,~: .:~:>.',': :;' I ,'> t' , ' '~,~,;::>: ~~;~' 1""-" , , " ~ ' ',::' The ,following Trustees were present: Sid Klein, Secretary Donald Hibbard Officer William Sedrick Captain Ray Kaminskas Mayor Kathleen F. Kelly, Chairman, was absent. Also present was Betty Ward, secretary to Police Chief Klein. Robert G. Walker, Police Legal Advisor, was absent. In the absence of Mayor Kelly, Chief Klein called the meeting to order at 8:45 A.M. and called for approval of the minutes of the , meeting held June 4, 1985. Donald Hibbard made a motion that the minutes be approved. Motion seconded by William sedrick. Motion carr ied unanimously. ' ! The second item on the agenda concerned certificate of deposit 'maturing. Betty Ward reported that one $100,000 CD at Home Federal matures July 26, 1985. William Sedrick made a motion that the CD be renewed at maturity and changed to a three-month CD. Motion seconded by Ray Kaminskas. Motion carried unanimously. Item number three on the agenda concerned ratification of business transactions made by Betty Ward. Mrs. ward reported the following CD's were renewed and changed to 3-month certificates: June 10, 1985 Crossland Savings pioneer Florida Federal 7.8% 7.95% 8% $80,000 $10,000 $100,000 $100,000 $80,000 $100,000 $ 40,000 June 13, 1985 June 18, 1985 June 21, 1985 Centerbanc Fortune Federal Glendale Federal Ameri-First 8% 7.65% 7.25% 7.25% Ray'Kaminskas made a motion that the transactions be ratified. Motion sec~nded by William Sedrick. Motion carried unanimously. Item number four on the agenda concerned investment, of monies presently in Fortune Federal money market account. Chief Klein reported that the balance in the Fortune Federal money market account as of July 2~ 1985 was $428,703.33. Chief Klein also reported that the State check representing Chapter 185 monies was received on June 25th in the amount of $331,209.58 via city, check. He recommended that additional three-month CO's be purchased in order to reduce the balance of the Fortune money "',.::::,',; "'\?;;J,',:t':;""i;:';i.:':i;t&~';:':.!;}\'!,;.'i:>f;:;"i~:'!t;l:;i~i:t~~im~.:jii~~:i!.:r;'{,~;:[':{',';'0.t:~~~::,~'~j:,1~i:i;;ii!~ '.."i.',",: - , ,j'(,: ' , ,~ p.' (:,.l , i..i. ',;, ," ' ";;', ' ,:,:;:"':: :':"::'::":':'::':_':,\",;:!~\~',:,:':~':<';-':"';~I\;l\~f, "", ", r r;' , .' ;'1',;,: >, ~' ','''' :..',J' , \ ",' ).. , ' . ~ 'I ':,c ~ 'I,> ,c '\ '" , ~ ., . + , I I ~ '. , '~~l " ,; I . , . , " , , " " ,'. ' ".' J C " I , ,I ~ ',I " I,' ", ' :';' ',~' " ", , , L::~~:':;: C~'~ > ' ..; " C '~i'., ' ,. " , '<'.:', ' ,,' >," , ~' " ') ':." I" ",'{' " ':.;/;, " 'H , '\' , " ,< ,J.'," 'X':.~"~.~.~.,:,,:':",,.'; ',:',/;'::, ".. ,', .A~~r,It-.;,:t!!V,,'lJ~.A'i :l;~~~l,,,,;,"5Jr' ~1t'~1 '1,P'r~$.;~~' j:l.'r~:,-,.!t." '" , .. , ~ If:t'7~ "T"" .. ',' .~'., " . .~ ." [I ,.t "il (. ,"I', ,." ,I, . ".' :,j "",' " '~' ., , , : 'T '..' '~--.., - , I.," l ~ . '.., ,'. ..v."'.......'f~'ftt. .. -. ' " < ~ . , . Minutes of Meeting Held July 8, 1985 page 2 ,,' I;. ,'f'') t..........''''' market'account. Ray Kaminskas made a motion that four $100,000 ,three-month CO's be purchased at the highest rate of interest possible at those institutions where we do ,not presently have a CD. ' Mrs. Ward distributed a list to each board member of those banking, instit~tions where the Supplementary Pension does not presently'have an account. The Board agreed to 'purchase a $100,000 three-month CD at the following institutions: Pirst National Bank of Florida Freedom Savings Life Savings Carteret Ray Kaminskas' motion was seconded by Donald Hibbard. Motion carried unanimously. , , ' Ray Kaminskas reported' that he had not yet heard from Marvin Clayton on his approval of the proposed share plan 'ordinance. Chief Klein asked Captain Kaminskas to prepare an article to be used in the Chief's Message notifying the participants of the Police Supplementary ~ension of the upcoming election to vot~ on the Share Plan. There being no further business, the meeting was adjourned at ..... 9 : 00 ,A. M . ,1,---,,/ ~ -/&~~ SID KLEIN, Secretary Board of Trustees . " : ~~ 'J