2005-04-12 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑A e
g nda 0 Minutes
Meeting ate: 04/12/2005
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting
April 12, 2005
I. Call to Order— 6:30PM
II. Attendance
Kristiansen—present Anderson— absent Tenerelli - absent
Eisenmenger—present Feld—present
Greenberg—present Voigt—present
III. Minutes
❑ January 17, 2005 special meeting minutes read before the board
❑ Motion to accept the minutes (with revisions)by Trustee Greenberg
■ Seconded by Trustee Kristiansen Vote: 4 ayes 0 nayes
❑ January 11, 2005 regular meeting minutes read before the board
❑ Motion to accept the minutes (with revisions)by Trustee Voigt
■ Seconded by Trustee Greenberg Vote: 4 ayes 0 nayes
IV. General Business
❑ Invoice paid to Mesirow Financial in the amount of 2044.12
❑ Invoice paid to Stratford Investment Advisory Group in the amount of$8371.96
❑ Stratford Investment Advisory Group
■ Forecast—Interests rates may fall after two quarters of 2005
■ Recommendation—
1. Move cash into 10yr. yields when rates reach between 4.5% - 5.0%
❖ Motion to accept recommendation by Trustee Eisenmenger
❖ Seconded by Greenberg Vote: 4 ayes 0 nays
❑ Mesirow Financial
■ Forecast—Market is doing better, watch interest rates rise
■ Recommendation—None
❖ Motion to accept the recommendation (none)
❖ Seconded by (none) Vote: 0 ayes 0 nayes
■ Mr. Ackerman produced his report via e-mail due to him not being present.
❑ Next regular meeting scheduled for July 12, 2005
V. New Business
❑ None
VI. Old Business
❑ None
VII. Adjournment — 8:15PM