HomeMy WebLinkAboutCCDATE=MAY 21, 2002 (7) • Unfinished business
Mumu ttc contract for consultant services has been fivatized,
P. Krolak made presentations of recommendali ere as discus sid with the Investment
Committee.
Motion to lure either LaSalle or Amcore baud on Marquette rovh w aW subject to
review by C. Collins by the end of the month mode by J, Nowicki, seconded by T. Bialek.
Carried.
Discussion regarding moving of Equity holdings coder control of custodian. Motion to
move all Equity holdings to cusandien warol made by J. Nowielo, seconded by 1.
Henriei. Carried.
Discussion of adopting Fixed Income assets policy as recommended by Investment
Committee. fixed Income asset to he managed 70%passive (I u, index hard), 30 %
internally metmged. The 70 % m be tenhpsomily placed t»th an intermediate bond index
fund until Investment Committee can research other options in maturity structure.
Motion to adopt the 70/30 fixed income asset structure made by 1. Henflei, seconded by
T. Biedele. Carried.
. Diseussionuflnmrinediate Govt. Index 0undspiesmte1by Menbusaw Modunto
approve use of Northern Trust made by J. Humid, seconded by J. Novicki. Carried.
C. Callicu advised to handle Sabtmo physical.
New Business
Discission regarding completion of the time mmaal Muni, J. Nmvickl advised the Board
them the persawel nr the Flaoaee Department ro longer want to work on the report and
infer alternatives need to be pursued Due to lack of time and difficulty in transferring
documentation the proud cow little choice but to utilize Knox for completion of the state
anneal report. Motion to approve negotiating with Knox fm completion of awual report
m be doao by"1'. Bialek with a maximum costof$1400.W made by I'. Michaels,
seconded by 1. Herein. Carried 5J(Reardf
Adjournment
Motion to Willman was made at 10:25am by T. Michels, seconded by 1. Hesmb&
Caaied.