1996-11-14A meeting of the Police Retirement Committee was held on November
14, 1996 at 12:00 noon in the City Council Chambers. The meeting
was called to order by City Administrator Storm at 12:15 p.m.
Those present were Committee members Chief of Police Doeden, LeeRoy
Swanson, Captain Kuhl, John Shotwel I, Rod Storm and Tom Sick. Also
present were Secretary Nickerson.
A motion was made by Marvin Doeden to approve the minutes of the
September 6, 1996 , meeting. Motion was seconded by Lee Roy Swanson.
Those present voting aye. Motion was carried.
The Committee then reviewed the Retirement Plan Summary. A motion
was made by Lee Roy Swanson and seconded by John Shotwell to accept
the summary with the following changes: Rod Storm to check on the
maximum of voluntary contribution and to have City clarified to
meaning Blair Police Department. All those present voting aye.
Motion was carried.
Rod Storm then explained the proposals that were submitted for the
administrative portion of the plan. Proposals presented were from
Kirkpatrick Pettis Trust Company, Silverstone Group Inc. and
Fremont National Bank (see attached for breakdown). Motion was
made by Tom Sick and seconded by Lee Roy Swanson to switch the
administrative portion to Fremont National Bank and leave the
investment portion with Kirkpatrick Pettis Trust Company. All
those present voting aye. Motion was carried.
Motion to adjourn the meeting was made by Marvin Doeden and
seconded by LeeRoy Swanson. Those present voting -aye. Motion was
carried.