December 13, 2024 General Employees Pension & Retirement (2024-12-13)

CITY OF MOUNT DORA, FLORIDA MINUTES December 13, 2024 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 10:30 a.m. by Chairperson Revell. Roll Call PRESENT: Chairperson Charles Revell, Ley Vedder, Steven Wilbanks, Dick Maglio and Vice chairperson Vince Sandersfeld. ABSENT: None. GUESTS: Rita Meade, Finance Director; John Thinnes, Mariner Wealth Advisors; David Robinson, Sugarman & Susskind; Tyler Brandeburg, Brown and Brown. Public Comment None Approval of Minutes A. September 20, 2024, General Pension Board Minutes Motion by Dick Maglio to approve the September 20, 2024, General Employees' Pension Board Minutes; Steven Wilbanks seconded the motion. The motion passed with a unanimous vote. New Business A. Revised Trustee Term Schedule B. Appointment of Chairperson, Vice - Chairperson, and Secretary for 2025 Motion by Dick Maglio to reappoint Charles Revell as Chairperson, Vince Sandersfeld as Vice-Chairperson, and Ley Vedder as Secretary for 2025; Steven Wilbanks seconded the motion. The motion passed with a unanimous vote. C. Discussion of Pension Board Meeting dates for 2025, 2026, and 2027 Motion by Ley Vedder to approve the Pension board Meeting dates for 2025, 2026 and 2027, seconded by Dick Malio. The motion passed with a unanimous vote. D. Quarterly Reports, Updates; John Thinnes

1. Quarterly Report Motion by Dick Maglio to have Mariner send a letter to ASB reminding them of the Board's request for a full redemption, along with preparing an Investment Policy Statement for discussion at March 21st, 2025 meeting; Vince Sandersfeld seconded the motion. The motion passed with a unanimous vote. E. Legal Reports & Updates; Attorney Pedro Herrera, Sugarman, Susskind, Braswell & Herrera, P.A. Dave Robinson filled in for Pedro Herrera via Zoom. Action Items The Board reviewed and updated the Action Items List for this meeting, included in these minutes as Attachment A. A. Invoices that have been paid ASB $2,804.53 City of Mount Dora Traveler's Refund $5,035.00 FPPTA 2025 Membership - Pension Board Renewal $750 FPPTA CPPT Recertification - Charles Revell $50 Galliard $2431.10 Mariner July - September 2024 $6,000.00 Mariner April - June 2024 $6,000.00 Salem Trust $2,500.00 Sugarman, Susskind, Braswell & Herrera $1,290.53 Total: $26,861.16 Motion by Steven Wilbanks to approve the paid invoices; Dick Maglio seconded the motion. The motion was approved by a unanimous vote. B. Fiduciary Liability Coverage - Traveler's Insurance Motion by Steve Wilbanks to authorize Charles Revell to sign agreement for Traveler's Insurance, backdated to November 20th, 2024, for a 3 year term; Dick Maglio seconded the motion. The motion was approved by a unanimous vote. Informational A. Principal Financial Group for the month of July Principal Financial Group for the month of August Principal Financial Group for the month of September Principal Financial Group for the month of October

B. Galliard 3rd Quarter Other Items Adjournment There being no further business, the meeting adjourned at 11:50 a.m.