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MOUNTDORA (LAKE COUNTY) · LOCALDecisions publishedPartial coverage

September 19th, 2025, General Employees' Pension & Retirement (2025-09-19)

Friday, September 19, 2025 · Government meeting record

The 30-second read

Recorded outcome

The Mount Dora General Employees' Pension Board met to approve quarterly financial reports, investment policy updates, and trustee appointments. The board also authorized specific pension distributions for two individuals and ratified $19,075.68 in administrative expenses.

Why it matters

This meeting confirms the management of city employee retirement funds, including the approval of investment strategies and the authorization of specific pension payments to retirees.

What happens next

No later meeting or follow-up date is stated in the reviewed record.

An official outcome record - an action agenda or minutes - is published for this meeting.

Record text

No transcript is held for this meeting. Recording: Media

Minutes textSeptember 19th, 2025, General Employees' Pension & Retirement (2025-09-19)

CITY OF MOUNT DORA, FLORIDA GENERAL EMPLOYEES' PENSION & RETIREMENT MINUTES September 19, 2025 Call to Order Having been duly noticed as required by law, the quarterly meeting of the General Employees Board of Trustees was called to order at 10:34 AM by Chairperson Charles Revell. Roll Call PRESENT: Chairperson Charles Revell, Vice Chairperson Vince Sandersfeld, Dick Maglio, Ley Vedder ABSENT: Steven Wilbanks GUESTS: Steven Weber, Finance Director; Pedro Herrera, Sugarman & Susskind; John Thinnes, Mariner Wealth Advisors. Public Comment No comments. Approval of Minutes A. June 20, 2025 General Pension Board Minutes Motion by Dick Maglio to approve the June 20, 2025 General Pension Board minutes; Ley Vedder seconded the motion. The motion passed with a unanimous vote.

Minutes Template (Mount Dora) B. Attachment B - Mariner Investment Policy Review C. Action items List New Business A. Appoint Trustees for Expiring Terms Motion by Dick Maglio to approve Steven Wilbanks for a 4-year term extension starting November 2025 for the General Pension Board; Ley Vedder seconded the motion. The motion passed with a unanimous vote. B. Quarterly Reports, Updates; John Thinnes Motion by Vince Sandersfeld to approve the advisement of the Policy Statement; Dick Maglio seconded the motion. The motion passed with a unanimous vote. 1. Quarterly Report

Minutes Template (Mount Dora) 2. Discussion of Allocation Targets and Ranges, Suitability of Real Estate Investments and Domestic Equity Index. Motion by Dick Maglio to approve the letter to Salem Trust to buy and sell investments; Vince Sandersfeld seconded the motion. The motion passed with a unanimous vote. C. Legal Reports & Updates; Pedro Herrera, Sugarman, Susskind, Braswell & Herrera, P.A. Action Items A. Invoices that have been paid: • FPPTA - Charles Revell $850.00 • FPPTA - Steve Wilbanks $850.00 • FPPTA - Dick Maglio $850.00 • Galliard $2,479.18 • GRS $4,254.00 • Mariner $6,000.00 • Salem Trust $2,500.00 • Sugarman, Susskind $1,292.50 Total: $19,075.68 Motion by Ley Vedder to approve invoices that have been paid; Seconded by Vince Sandersfeld. The motion was passed with a unanimous vote. B. Review and update the Action Item List

Minutes Template (Mount Dora) Informational A. Galliard Intermediate Core Fund 2Q'25 Other Items A. Approval of absence of Steve Wilbanks Motion by Dick Maglio to approve the absence of Steve Wilbanks; Seconded by Vince Sandersfeld. The motion was passed with a unanimous vote. B. Joann Newsome Periodic Distribution Motion by Vince Sandersfeld to approve the Periodic Distribution for Joann Newsome; Seconded by Ley Vedder. The motion was passed with a unanimous vote. C. Sandra Cortinas Periodic Distribution Motion by Vince Sandersfeld to approve the Periodic Distribution for Sandra Cortinas; Seconded by Ley Vedder. The motion was passed with a unanimous vote. Adjournment There being no further business, the meeting adjourned at 11:33 AM.

Official record

ArtifactSourceState
AgendaNot published in the sources we holdunavailable
Agenda packetNot published in the sources we holdunavailable
BudgetNot published in the sources we holdunavailable
Action agendaNot published in the sources we holdunavailable
Transcript or captionsNot published in the sources we holdunavailable
AttachmentNot published in the sources we holdunavailable

Recording and media

Coverage and corrections

Records considered

  • September 19th, 2025, General Employees' Pension & Retirement (2025-09-19)

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Canonical record: 54f7cf38aa8d183d9e25c98e716a7b4f. This page changes as stronger artifacts are published; it never overwrites an agenda with minutes.

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