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CITY OF PARK RIDGE POLICE PENSION FUND
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President Kappler called the meeting to order at 711 pm. A roll call was conducted. The following trustees were present: Laura Kappler, Jon Moehrlin, Tom Ahlbeck, Dick Paul, and Carl Brauweiler. Also in attendance were Board Attorney Charles Atwell, City Attorney Buzz Hill, Former City of Park Ridge City Manager Tim Schuenke, Former Police Chief Jeff Caudill, and a court reporter. Mayor Howard Frimark arrived at 2011 hours. Board financial advisor Mary Tomanek arrived at 2030 hours. First order of business was the matter of Chief Caudill’s salary as to whether the final 4% raise he received was pensionable or not. The court reporter was hired by the board and was present for this reason. Both Chief Caudill and Former City Manager Tim Schuenke were sworn in and were questioned by both attorneys and the board. Board Attorney Atwell presented all present with exhibits 1 through 14, which was Chief Caudill’s separation agreement with the city. President Kappler made a motion to accept exhibits 1 thru 14 into the minutes. Chief Caudill had no objection to this. Dick Paul seconded the motion. All were in favor-motion passed. At 2015 hours Dick Paul made a motion for the board to go into executive session to discuss Chief Caudill’s pensionable salary. Tom Ahlbeck seconded the motion. All were in favor. The motion passed and the board went into executive session. At 2055 hours, Tom Ahlbeck made a motion to come out of executive session and back into general session. A roll call vote was taken. All were in favor. The motion passed and the board was in general session. Tom Ahlbeck made a motion to deny the 4% compensation increase as pensionable salary. Laura Kappler seconded the motion. A roll call vote was taken. Trustees Kappler, Ahlbeck, Moehrlin, and Paul voted in favor of the motion. Trustee Brauweiler voted against the motion. The motion carried 4 votes to 1. The 4% compensation increase to Chief Caudill’s salary was found not to be pensionable and will not be included in determining his pension amount. Chief Caudill, Mayor Frimark, Tim Schuenke, Buzz Hill, and the court reporter all departed from the meeting. Carl Brauweiler made a motion to accept the corrected minutes of the April 3rd special meeting. Jon Moehrlin seconded the motion. All were in favor- motion passed. Mary Tomanek presented the board with its quarterly financial report. There were no recommendations to change managers or allocations at this time. Laura Kappler made a motion to increase the minimum amount kept in the Harris Bank checking account to $250,000 to cover monthly expenses. Jon Moehrlin seconded the motion. All were in favor- motion passed. Carl Brauweiler made of motion to accept the financial report for the quarter ending March 31st, 2008. Laura Kappler seconded the motion. All were in favor- motion passed. The election results were in for Trustee Moehrlin’s seat on the board. He did not run for another term. The election results were also in for Dick Paul’s seat on the board as he was also up for re-election. Twenty-four ballots were received. Dick Paul received 24 votes, Bob Kristie received 19 votes, and Curt Frost received 2 votes. Dick Paul and Bob Christie were elected to a 2-year term on the board. Laura Kappler made a motion to accept the election results. Jon Moehrlin seconded the motion. All were in favor- motion passed. Tom Ahlbeck made a motion to approve FTN Financial as a firm to purchase Government Agency funds for the pension fund. Laura Kappler seconded the motion. All were in favor- motion passed. Carl Brauweiler made a motion to ratify buying a Government Agency Bond at a rate of 3.34 with a $1,000,000 par value. Tom Ahlbeck seconded the motion. All were in favor-motion passed. Laura Kappler stated that the board needs a letter from Officer Agnes Szpiganowicz’s doctor stating that it was okay for her to return to work. Laura Kappler made a motion to adjourn the meeting at 2200 hours. A roll call vote was taken. Trustees Kappler, Moehrlin, Ahlbeck, Brauweiler, and Paul all were present and voted to adjourn the meeting. Minutes compiled by Board Secretary
Jon Moehrlin
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