01/03/1994 and 01/04/1994
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PENSION
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AGENDA
'CLEARWATER POLICE SUPPLEMENTARY PENSION FUND,MEETING
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POLICE HEADQUARTERS, CONFERENCE ROOM
January 3 and January 4; 1994
9:00,a.m.
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Presentation by Money Managers.
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WILLIAM, SEDRICK, CHAIRMAN'
Board of Trustees .
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. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE'
BOARD, \VITH RESPECT TO ANY MATTER CONSIDERED AT THE
MEETING O~ HEARING, HE \VILL. NEED A RECORD OF THE
. PROCEEDINGS, AND THAT, FOR SUCH PURPOSE, HE MA Y NEED TO
ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS
MADE~ WHICH RECORD INCLUDES THE TESTIMONY AND
EVIDENCE UPON \VBICB THE APPEAL IS TO BE BASED.
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CLEARWATER POLICE SUPPLEMENTARY PENSION
MINUTES OF MEETING HELD
January 3 and 4, 1994 9 a.m.
Meetings of the Board of Trustees were held on January 3 and 4, 1994 at 9 a.m. in 'the
Conference Room at Police Headquarters) 644 Pierce Street) Clearwater) Florida.
The following trustees were prese~t:
Sergeant William Sedrick, Chairman
Roy May) Vice-Chairman
William Schwab. Trustee
Richard Breest. Secretary
William Horton, Trustee
Lee Dehner, Attorney for Board
Guest: Bishop Smith) Southeastern Advisory Services, Inc.
Chaimmn Sedrick called the first meeting to order at 9 a.m. on January 3, 1994. The
purpose of the two meetings, was to hear presentations made by prospective money managers
for the fund. Scheduled for the first day were:
9 a.m.
10 a.m.
11 a.m.
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First Union Capital Management Group
NationsBank Investment Management*
Sun B~k Capital Management
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.William Schwob left the meeting for a previously scheduled
appointment. . I
Each presentation was followed by a question and answer period.
The first day of presentations was adjourned at ~oon.
Chairman Sedrick called the second meeting to order at 9 a.m. on January 4, 1994. (Officer
Richard Breest was in' court and unable to attend the second meeting.)
Chairman Sedrick began the meeting by advising Board members that there will be it
"trustees school" held in March in Tallahassee and requested that the Board consider sending
representative(s) to the sch0ql. William Horton made a motion to allow reasonable expenses
for any trustee(s) to attend the scheduled March school. The motion was seconded by Roy
May and carried unanimously.
Chalrman Sedrick then turned the meeting over to the next scheduled presenter. The below
presentations were scheduled:
9:05 a.m.
10: 15 a. m.
11:15 a.m.
Barnett Bank
Invesco Capital Management
The Inyestment Counsel Company
Each presentation was followed by a question and answer period.
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Minutes of Meeting held October 11, 1993
Supplemenla;ry Pension. Fund '
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After the final preSentation, the Board discusSed ~e proposals made by 'each company. ,'I'he
Board then narrowed the field down to two fi~s . NationsBank Investment Management and
Invesco Capital Management :- that will be given final consideration at Ute next scheduled
meeting. In the meantime, Bishop Smith, was instructed to obtain figures from the two
fin~lists companies comparing their municipal fund accounts. The infonnation is to be ,
forwarded to the' Board members as soon as possible. For comparison purposes, Sun Bank is
to be included in the final breakdown.
The next meeting was scheduled for 9 a. m. on Monday, February 7 in the Police Department.
conference room. .
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WILLIAM SEDRlCK, Chairman
'Board of Trustees
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