HomeMy WebLinkAboutCCDATE=MAY 21, 2002 (3) • Unfinished bnsimess
Marquette contract for consultant serviou las been limfizcd.
P. Kmlak made presentations of occuhmncndations as discussed with the investment
Committee.
Motion to hire either LaSalle or Amerind based on Monarchs review and subject to
r:view, by C. Collins by the end of the month made by J. Nowicki, seconded by T. B9alek.
Carried.
Discussion regarding moving of Equity holdings under control of custodian. Motion m
Hce all Pguity,holdings l0 custodian control made by J. Nowieki, seconded by I
vrici. Carried.
Discussion ofadorning Fixed Income assets palioy az reconuucnded by Investment
Committee. Pixel Iumare assets to be managed 7W/, passive (i.e. index fiord), 30
factually managed. The 10 as to be temporarily placed with an urnmhcclarQ bond index
fond anal Investment Committee emu research other options in 'notedly structure.
Motion to adopt the 7090 fixed income asset structure made by J. Ihar , seconded by
1'. Bielek. Carried.
• Disenssinn of Intermediate Govt. hWax k'uMs pmscntcd by Marquette_ Motion m
approve use ofNorthcm '1'rust range by J. Hemici, seconded by I Nowicki. Carried.
C. Collins advised to handle Sabatinn physical.
New Business
Discussion regarding completion of the sante annual repair. J. Nowicki advked the Board
that the persoanel In the Finance Department an longer want to work on the report and
other alternatives need to be pnrsonl. Due to lack oftime and difLculty in transferring
doe matation the Board saw little choice but to afilueKnox for completion ofthe state
aMUaL yrrt. Motion to approve negotiating with Knox for completion of annual report
to be done by T. Bialck with a mmcimumh cost of 51400.00 made by T. Michaels,
sucondedbyJ Henicl. Camed5-((Beard).
Adjournment
Motion to atjoum was made at I(F25am by T.Michaels, seconded by J. Ilenrici.
Carried.
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