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Agenda - 10/20/2010 - Police Pension Fund Board (2)REVISED — Location only BOARD OF TRUSTEES OF POLICE PENSION FUND UPPER LEVEL CONFERENCE ROOM OF THE BUTLER GOVERNMENT CENTER 1200 OAK BROOK ROAD OAK BROOK, IL 60523 630 - 368 -5000 Regular Meeting Agenda Wednesday, October 20, 2010 7:00 p.m. AGENDA 1. CALL TO ORDER 2. ROLL CALL 3. PRESIDENT'S COMMENTS 4. APPROVAL OF MINUTES a. Approval of Board of Trustees Regular Meeting Minutes of July 21, 2010 5. CONSENT AGENDA a. Approval of July-1 -31, 2010 checks in the total amount of $148,713.41 b. Approval of August 1 -31, 2010 checks in the total amount of $144,835.61 c. Approval of September 1 -30, 2010 checks in the total amount of $141,073.41 d. Approval of Lowery Asset Consulting, LLC invoices dated July 2 and September 16, 2010 for services rendered in the second and third quarters, 2010, in the amount of $14,000.00 e. Approval of Lauterbach & Amen, LLP's invoices in the total amount of $2.700.00, for services rendered in June, July and August f. Approval of Contravisory Investment Management, Inc. fees for the period July 1 through September 30, 2010 in the amount of $1,938.00 g. Approval of Village of Oak Brook invoices regarding use of FOIA System and 2009 Audit Fee in the total amount of $1,400 h. Approval of Richard J. Reimer & Associates, LLC invoices dated July 19, August 25 and September 20, 2010 in the total amount of $863.00 6. ITEMS REMOVED FROM THE CONSENT AGENDA UNFINISHED BUSINESS 8. NEW BUSINESS a. Lowery Asset Consulting, LLC /MB Financial Investment Management Performance Reports for Third Quarter, 2010 b. Approval of Investment Transactions (third quarter, 2010) c. Discussion regarding Investment Policy d. Discussion regarding Fiduciary Liability Insurance Proposal e. Discussion regarding Actuarial Assumptions for 2011 f. Discussion regarding Application for Line -of -Duty Disability Oak Brook Police Pension Board October 20, 2010 Page 2 of 2 9. INFORMATION & UPDATES a. Scheduling of first quarterly meeting in 2011: Tentative Wednesday dates of: February 2nd, February 9th, February 16th, February 23rd 10. ADJOURNMENT In accordance with the provisions of the Americans with Disabilities Act, any individual who is in the need of a reasonable accommodation in order to participate in or benefit from attendance at a public meeting of the Village of Oak Brook should contact Assistant Village Manager Blaine Wing at (630) 368 -5022 or TDD (630) 990 -2131 as soon as possible before the meeting date.