Police Pension Fund Board Minutes 2021 05-18-21 Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville,IL 60560
(630)553-4340
5:00PM on August 10,2021
Yorkville Police Department
804 Game Farm Rd
Meeting Minutes
Attachments:
Meeting Minutes for May 18,2021 President/Secretary to sign
Monthly Treasurer's Report
Bills for Payment
Yorkville Police Pension Fund Rules and Regulations
Meeting Call to Order: Meeting called to order by Greg Sibenaller at 5:00pm
Roll Call: Present: Ray Mikolasek,Greg Sibenaller,Ryan Goldsmith,Rob Fredrickson
Guests: Tom Radja,Attorney;Robert Osmanski,Mitchell,Vaught,and Taylor(MVT)
Citizen Comments:None
Previous Meeting Minutes: May 18,2021
Corrections/Approval
Motion to Approve: Greg Sibenaller, 2"d Ryan Goldsmith-3ayes, 0 nays
Communications: IPPAC News
Monthly Treasurer's Report: February,March,April 2021
Motion to Approve: Greg Sibenaller, 2nd Ryan Goldsmith-3ayes, 0 nays
Bills for Payment:
MVT Management Fee:(Jul—Sep 2021) $ 4,558.00
From Schwab Acct: 3137-9036
Zabinski Consulting: (Jan,Apr,May 2021) $ 475.02
IPPAC Annual Dues $ 500.00
Collins and Radja: Attorney $ 800.00
Total Bills for Payment: $ 6,333.02
Motion to Approve: Greg Sibenaller, 2"d Ryan Goldsmith. Roll Call Vote:Ray Mikolasek, aye; Greg Sibenaller, aye;
Ryan Goldsmith, aye.
Investments:
Progress Report from Mitchell,Vaught, and Taylor.
- Robert Osmanski discussed the 2nd quarter summary which showed an investment gain of$12,490.
Old Business:
- Update on Pension Fund Consolidation
o Tom Radja-Lawsuit to stop consolidation is moving forward. New judge was assigned after judge
retired. State filed a motion to dismiss. Plaintiffs have filed for a TRO to stop the movement of
funds. Expect court to make a decision on TRO before October 1,which is date funds are scheduled
to start moving.
New Business:
- Updated Yorkville Police Pension Fund Rules and Regulations
o Tabled to next meeting—November 9
- IPOPIF request for resolution to appoint authorized representatives
o Board decided to wait until November 9 meeting to discuss the issue. Should no more about status of
consolidation lawsuit by that date.
Personnel Changes and Additions:
- None
Additional Business:
Set 2022 Meeting Dates
o 2022 meeting dates: Feb 08,May 17,Aug 09,Nov 08
Citizen Comments:None
Next meeting:
November 09,2021 5:00pm
Motion to Adjourn: 5:32pm by Greg Sibenaller, 2nd Ray Mikolasek—3 ayes, 0 nays
2021 Meeting dates: Feb 09,May 18,Aug 10,Nov 09
President Secreta