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Police Pension Minutes 2022 02-08-22Yorkville Police Pension Fund Board 804 Game Farm Road Yorkville,IL 60560 630)553-4340 5:00PM on February 08,2022 Yorkville Police Department 804 Game Farm Rd Meeting Minutes Attachments: Meeting Minutes for November 09,2021 President/Secretary to sign Monthly Treasurer's Reports Bills for Payment Meeting Call to Order: Meeting called to order by Joe Gillespie at 5:01pm Roll Call: Present:Ryan Goldsmith, Ray Mikolasek, Greg Sibenaller, JeffBurgner, Joe Gillespie, Rob Fredrickson Guests: Tom Hartwell,Attorney;Robert Osmanski, Mitchell, Vaught, and Taylor. Citizen Comments: None Previous Meeting Minutes: November 09,2021 Corrections/Approval Motion to Approve:JeffBurgner, 2"d Ray Mikolasek-4ayes, 0 nays Communications:None Monthly Treasurer's Report: September, October,November,December 2021 Motion to approve: Ray Mikolasek, 2"d Jeff Burgner—Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner, aye;Joe Gillespie, aye. Bills for Payment: MVT Management Fee: (Oct-Dec 2021) 4,694.00 From Schwab Acct: 3137-9036 Great Lakes Advisors Fee:(July- Sep 2021) $ 3,178.55 Acct: 90733303 Great Lakes Advisors Fee: (July- Sep 2021) $ 4,801.79 Acct: 56737766 UCOY Reimbursement(Pension Audit) 2,800.00 Zabinski Consulting(Nov 2021 —Jan 2022) $ 475.02 Zabinski Consulting(IDOI Filing) 1,350.00 Collins and Radja: Attorney 800.00 Total Bills for Payment: 18,099.36 Motion to Approve:Ryan Goldsmith, 2"d Jeff Burgner—Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye; Jeff Burgner, aye;Joe Gillespie, aye. Investments: Progress Report from Mitchell,Vaught,and Taylor(MVT) Robert Osmanski—Robert updated the board on the Pension Fund Portfolio. The bond portfolio managed by MVT experienced a net loss of$40,934 in the previous quarter. Old Business: Update on Pension Fund Consolidation o Tom Hartwell—Judge still has not ruled on the ongoing consolidation lawsuit and there is no timeline on when we can expect a ruling. Updated Yorkville Police Pension Fund Rules and Regulations o Motion to accept changes to Yorkville Police Pension Fund Board Rules and Regulations—Ray Mikolasek, 2nd Ryan Goldsmith-Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner, aye;Joe Gillespie, aye. IPOPIF request for resolution to appoint authorized representatives o Motion to adopt resolution to appoint Ray Mikolasek and Rob Fredrickson as authorized representatives of the Fund Board—Jeff Burgner, 2"d Ray Mikolasek-Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner, aye;Joe Gillespie, aye. o Motion to draft a letter to IPOPIF requesting an extension to transfer funds to June 1 or later-Ray Mikolasek, 2"d Jeff Burgner-Roll Call Vote:Ryan Goldsmith, aye;Ray Mikolasek, aye;Jeff Burgner, aye;Joe Gillespie, aye. New Business: None Personnel Changes and Additions: New Hires: Tyler Lobdell,November 29,2021 (Tier II) Motion to accept Tyler Lobdell into fund as Tier II member—Joe Gillespie, 2nd JeffBurgner—4 ayes. 0 nays Additional Business:None Citizen Comments:None Next meeting: May 17,2022 5:00pm Motion to Adjourn: 5:47pm by Jeff Burgner, 2"d Ray Mikolasek—4 ayes, 0 nays 2022 Meeting dates: Feb 08,May 17,Aug 09,Nov 08 Presiders Secret ry