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HomeMy WebLinkAboutMinutes Feb 11 2019 MEETING MINUTES * February 11, 2019 * 8:30 a.m. The Board of Directors for the Plainview Firemen's Relief& Retirement Fund will hold a meeting at 8:30 a.m., February 11, 2019, at IHOP Restaurant, 701 N. 1-27, Plainview,Texas, 79072. Action may be taken on each agenda item. Members: Sarianne Beversdorf, Wendell Dunlap, Bobby Gipson, Steve Martinez, Michael Frizzell, Kevin Whisenant Visitors: Rachael Foster, Shane Rowell, David Sells,Tim Sharpe,Jeffrey Snyder OPEN MEETING: Called to order by Gipson at 0832 1. Approval of minutes of the November 19, 2019 meeting. Motion to accept minutes from November meeting as presented made by Frizzell and second by Martinez all in favor. 2. Consider and take necessary action on receiving,reviewing and approving the quarterly investment and rebalancing report by Morgan Stanley Investment Advisor, Tim Sharpe. Motion to accept quarterly report and rebalancing as presented by Tim Sharpe made by Frizzell and second by Gipson all in favor. 3. Consider and take necessary action on the Fund's Statement of Investment Policy, Guide lines and Investment Objectives. Motion made to take action on Fund's Statement of Investment Policy, Guide lines and Investment Obiectives as presented by Tim Sharpe by Frizzell and second by Gipson all in favor. 4. Consider Acceptance of New Board Member: Shane Rowellnominated to fill unexpired term as Secretary. Motion made to accept Rowell as new board member by Frizzell second by Martinez all in favor. 5. Consider and take necessary action on current Board member term expiration dates. Motion made for Whisenant to remain for term by Beversdorf second by Martinez. Motion made for Gipson to remain for another term by Beversdorf and second by Frizzell. All in favor for both. 6. Consider personnel matters A. Approval of new hires: Jesse Edwards, David Warren, Chief Timothy Gibson Motion made to approve new hires by Frizzell and second by Whisenant all in favor. B. Approval of refunds on terminating employees: Wesley Crumpler, Ryan Seals,McKinnon Walker. Motion made to approve Crumpler's refund of $29,257.63 by Whisenant second by Gipson all in favor. Motion made to approve Seals's refund of$32,840.08 by Frizzel and second by Gipson all in favor. Motion made to approve McKinnon's refund of$12,019.41 by Gipson and second by Frizzell. C. Approval of retirements: Daren Miner w/2yr. Drop Election Motion made to approve Miner's two year drop of$109,782.72 and monthly benefit of $3,672.46 by Gipson and second by Whisenant all in favor. D. Approval of proper course of action on member deaths: JB McCaskill- Approval of surviving spouse benefit for Beverly McCaskill. Item discussed and requested to be researched as to the proper amount of 2/3 or 50% was the proper amount for survivor to receive. 7. Approve pending invoices for payment: Legal services invoice from Hund Krier,Wilkerson& Wright and TEXPERS 2019 Membership renewal invoice. Motion made to pay invoices by Gipson and second by Whisenant all in favor. 8. Announcements&Adjourn. Motion made to adjourn by Gipson and second by Frizzell all in favor at 0934.