Minutes - 03/19/2008 - Police Pension Fund BoardMINUTES OF THE MARCH 19, 2008 REGULAR
MEETING OF THE BOARD OF TRUSTEES OF THE
OAK BROOK POLICE PENSION FUND APPROVED AS
WRITTEN ON APRIL 30, 2008
1. CALL TO ORDER
The Regular Meeting of the Board of Trustees of the Oak Brook Police Pension
Fund was called to order by President Birdsall at 6:05 p.m. in the West Wing
Conference Room of the Butler Government Center, 1200 Oak Brook Road,
Oak Brook, Illinois.
2. ROLL CALL
The roll was called with the following persons
PRESENT:. Secretary Alan Feldman, Trustee Susan Templeton
ABSENT: President Robert Birdsall, Vice President Michael Hall, Trustee
Richard Badowski
IN ATTENDANCE- Darrell J. Langlois
There was no quorum present, but to comply with the Open Meetings Act, due
and timely notice was given for the reason being that a majority of a quorum
was to be in attendance to discuss Police Pension matters. Although there was
no quorum, those in attendance discussed in subcommittee the Request for
Proposal (RFP) for Investment Managers of The Fund.
3. APPROVAL OF MINUTES
4. UNFINISHED BUSINESS
a Discussion of Proposals received in response to Request for Proposal for
Investment Managers of The Fund
Sixteen proposals were received in response to the Request for Proposal for
Investment Managers of The Fund. Following discussion by those
assembled, this list was narrowed down to the following investment firms:
Fiduciary Consultants, Inc., Citi Consulting, U.S. Bank, Northern Trust
'Company, MB Financial Bank and Sawyer Falduto Asset Management,
LLC.
It was discussed that future meetings should be scheduled to interview the
firms selected above, excepting for MB Financial and Sawyer Falduto
Asset Management, due to the Board's familiarity with services previously
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performed by those two firms.
5. ADJOURNMENT
Motion by Trustee Templeton, seconded by Secretary Feldman, to adjourn the
meeting at 7:10 p.m. VOICE VOTE: Motion carried.
ATTEST:
/s/ Alan Feldman
Alan Feldman, Secretary
/s/ Rosemary A. Kane
Rosemary A. Kane, Recording Secretary
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