Police and Fire Retirement Board
Regular MeetingCenter Line, MI · July 11, 2023
Minutes
Item 4. B.
August 8, 2023
CENTER LINE POLICE & FIRE RETIREMENT COMMISSION
MINUTES
REGULAR MEETING
July 11, 2023
Page 1 of 1
The regular meeting of the Center Line Police and Fire Retirement Commission was
called to order at 3:28 p.m. by Chairperson Stys.
Members Present: Richard Stys and Gregory Suma.
Members Absent: Gregory Pearl, Jorge Bermudez and Bernadette Helkowski.
Also Present: Tim Brice.
As this meeting did not have a quorum the meeting was adjourned at 3:28 p.m.
Agenda
ITEM 2. – 07/11/2023
THIS IS AN OFFICIAL ANNOUNCEMENT THAT THE CITY OF CENTER LINE
POLICE AND FIRE RETIREMENT COMMISSION IS CONDUCTING A
REGULAR MEETING
CITY OF CENTER LINE MUNICIPAL BUILDING
7070 E. TEN MILE RD.
CENTER LINE, MI 48015
Tuesday, July 11, 2023
3:00 PM MEETING
Page 1 of 2
1. Call to order:
2. Approval of Agenda:
3. Public Comment:
4. Minute(s):
A. Approval of the Regular Meeting Minutes held on June 13, 2023.
5. In Remembrance of Deceased Members and Beneficiaries:
A. None.
6. Presentations:
A. Timothy Brice, Morgan Stanley Graystone Group discussion on:
i. Market value as of July 5, 2023 $ 12,893,465.57 with asset allocation.
7. For Your Information:
A. City of Center Line Police & Fire Retirement System’s Summary Annual Report
as of December 31, 2022 prepared by Gabriel, Roeder, Smit & Co.
B. CNBC – Personal Finance – June 28, 2023 Re: “Some advisors are flocking to
alternative investments, survey finds. What investors need to know”
8. Old Business:
A. None.
9. New Business:
ITEM 2. – 07/11/2023
THIS IS AN OFFICIAL ANNOUNCEMENT THAT THE CITY OF CENTER LINE
POLICE AND FIRE RETIREMENT COMMISSION IS CONDUCTING A
REGULAR MEETING
CITY OF CENTER LINE MUNICIPAL BUILDING
7070 E. TEN MILE RD.
CENTER LINE, MI 48015
Tuesday, July 11, 2023
3:00 PM MEETING
Page 2 of 2
A. MAPERS 2023 FALL CONFERENCE from Saturday, September 9, 2023 through
Tuesday, September12, 2023 at Shanty Creek Resort, Bellaire, MI.
10. Retirements:
A. None.
11. Approval of Annuity Withdrawals:
A. Total distribution for Charles Schubert effective: July 5, 2023.
12. Approval of Pension Figure(s):
A. None.
13. Vouchers:
A. June 23, 2023, pensions paid: Pay Report 506 ~ $ 121,972.10.
B. Gabriel, Roeder, Smith & Co. – Preparation of the December 31, 2022
Summary Annual Report. Invoice # 478894, Dated: June 16, 2023,
$ 1,700.00.
C. VanOverbeke, Michaud & Timmony, P.C. invoice dated: June 12, 2023 for
services rendered from January 1, 2023 through March 31, 2023. Invoice
# 111764 for $ 526.50.
14. Commission Members Comments:
15. Adjournment:
___________________________________ July 6, 2023
_______________________
Gregory T. Suma, Deputy Treasurer Date
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