HomeMy WebLinkAboutCCDATE=MAY 15, 2001 ELGIN FIRE PENSION BOARD
MINU'I'F,S
MAY 15. 2001
Meeting is as called to a1tic I or i yopnt.
Rill'. Pieceno A. Balck, I bov%ich, K. Nelson,
V. Beard, 1. Hcnnei
Absene T'. Michaele, I.Mecum, pd Schock
Guusts'. I scroll I Bolegaek
Mhuvrs
Minutes of the Fcbmary meeting were read and e tpmvud un a motion by V'Haen , seconded by
KNelson. carried
'I'rcaenre report..
Mu Bol jack aubntincd lur eport m the beard for shy 2000 ywt end. An rn-erall market value
of Om ponthlio showed a decline. Because of how We vtarkd wad flmetioning as of rhe post @.v
mond tl - p t d 1 d to thr N . Railkins asked for 5 to 10sr
projection from Shurpu (dLydiosi cope r), top tjeet sbonfells in InQoFuC dsF,Fmt v. Itrheyear
2008, for LXdIIIQll, Arl fiords ale Mining, and "1111 dwsmt inrmde Iharmamred on May 15,
200E Ihe Iinani needed to mWeeu d¢'1 a est Ihe money to reflect Ihla The
ilie t announce Ads given soon, option.a nn ditFerent funds to donor flout and would ger
basken
tithe board at pten tmeeting knarecommwduticii. hl the vsentime, the ntawrinc
funds would be pot Inco rhe Illinoisiinc estmevt mud until a decision was made.
A repo t cis handed out to the mcmbca uovetitg our fonds from rhe Momingsrnr fund myons.
P✓c have n four star rating but it was meonunended that some adjustment needs to be made to
aFleco musket and income cllangez
A motion was made to accept the Treasures report b, V. Bea n1, seconded by A. Bialsk. Called
Secriusam Report
'I lie ale linin results catnap Imsu-ce I . M whaels and V. Beard were unnounud.
T. Michael -60 V. Beard 40-
LHurlcv I- 1- vline in) P. Wuryo - 1-
sceptical - 2- 1). Aluznz - I-
Terms kill III until-1-06. A mouon eas made to accept We I SlArbyA- Hlalek, seconded by
1. NoMILIst 1 'nr-led