OPEB Board Committee Meeting Minutes - 10/29/20

Other Post-Employment Benefits Trust                  

 Board of Trustees Minutes

October 29, 2020

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A meeting of the OPEB Board of Trustees was held on October 29, 2020 in the Public Works Admin. Conference room at 2910 Garden Street, Titusville, FL 327969.

I.             Call to Order

Chairman Cook called the meeting to order at 11:10 AM in the Public Works Admin. Conference room at 2910 Garden Street, Titusville, FL 327969.  

II.            Determination of a Quorum

There was a quorum of the Board with four members present as follows: Chairman Cook, Member April Comer, Member Amelia Robinson and Member Joe Denaro.  Scott Stitcher, PFM Asset Management and Scott Sweeten, PFM Asset Management present through WebEx. 

Others Present:  Bridgette Clements, Finance Director and Secretary, Gail Gilchrist.

III.          Approval of Minutes – August 13, 2020

Motion to approve the minutes of February 13, 2020 by Member Comer; seconded by Member Robinson, with all in favor.

IV.          New Business

Board reviewed the investment performance for the quarter.  Mr. Stitcher stated the 3^rd quarter continued to improve, however, is still trailing pre-Covid numbers.  Motion to approve PFM Presentation by Member Robinson; seconded by Member Denaro, with all in favor.

2. Approval of US Bank and PFM Invoices for July – September, 2020
3. Approval of Brown & Brown Invoice
4. Approval of Foster & Foster Actuary Service Fees in the amount of $10,900

Motion to approve the above referenced invoices by Member Robinson; second by Member Comer, with all in favor.

The meeting of the OPEB Board of Trustees adjourned at 11:35 P.M.  

The next meeting of the Board is scheduled for February 11, 2021 at 11:00 AM in the Council Chambers of City Hall.