1994-6-12POLICE RETIREMENT COMMITTEE
A meeting of the Police Retirement Committee was held on June 22,
1.994 at 7:00 p.m. in the City Council Chambers. The meeting was
called to order by City Administrator Storm at 7:00 p.m.
Those present were Committee members Chief of Police Doeden, City
Administrator Storm, Jim Long, and LeeRoy Swanson. Those absent
were: Ed Kuhl and Tom Sick. Also present were Secretary Nickerson,
City Clerk/Treasurer Diedrichsen, Jeff Wilhelm from American
National Bank.
City Administrator Storm reviewed what had transpired at the
meeting of May 16, 1994 for those who were not present at that
meeting.
City Administrator Storm then asked if there were any changes to
the minutes of the May 1.6. With no changes express the minutes were
approved as written.
City Administrator Storm reviewed the letter and the reasoning as
to why Gary Clatterbuck had drawn up the restated Police Retirement
Plan and Trust along with the options that we choose to have placed
in the plan. Motion of recommendation to approve the plan was made
by LeeRoy Swanson with changes that were outline in the letter.
Motion was seconded by Jim Long. Those present voting Aye. Motion
was carried.
Motion to authorize Max Scott of Feldman Investment Group to invest
monies with maximum 42.5% equities which includes a maximum of 5%
international equities following the Nebraska Investment Council
was made by Chief Doeden and seconded by LeeRoy Swanson. Those
present voting Aye. Motion was carried.
Meeting was adjourned at 8:00 p.m.