Employees' Retirement System

CITY OF HIALEAH EMPLOYEES' RETIREMENT SYSTEM Board Chairman Board Members Robert W. Williams III Michael Rosengaus Board Vice Chairman Manuel Ferrera Jonathan A. Martinez Robert W. Williams Board Secretary Gelien Perez MinyingHo Board Attorney Stuart Kaufman SUMMARY OF REGULARLY SCHEDULED MEETING OF THE BOARD OF TRUSTEES MAY 15, 2018 1:30 P.M. CITY OF HIALEAH COUNCIL CHAMBERS Robert W. Williams III, Chairman Present Jonathan A. Martinez, Vice Chairman Present Min Ying Ho, Secretary Present Robert W. Williams Present Gelien Perez Absent Manuel R. Ferrera Present Michael Rosengaus Absent Stuart Kaufman, Board Attorney Present Grise II Aedo, Clerk of the Board Present Moment of Silence Led by Mr. B. Williams Withdrawals, Deferrals or Additions Roll Call Public Comments William O'Connell made a comment. Item 1 Reports to the Board: A) Diamond Hill B) Fisher Investments TELEPHONE: (305) 883-5872 Retirement Summary Agenda May 15, 2018 C) Franklin Templeton D) GAMCO E) Rhumbline F) Templeton Investment Council G) CapTrust H) Cash flow report for the months ending November and December 2017. Item 2 Application for Normal Retirement, pursuant to Section 70-238, cases of: A) Alexis Vazquez (Parks & Rec. ) B) Miguel Risco (Police) C) Philip Kennedy (Fire) * D) Pamela Zorsky (Police) E) Robert Williams III (Fire) * *DROP MOTION by Mr. Ferrera seconded by Mr. Martinez, as follows: "To approve Normal Retirement of Item 2A, Alexis Vazquez {Parks & Rec.), 28, Miguel Risco {Police), 2C, Philip Kennedy {Fire), 20, Pamela Zorsky {Police), 2E, Robert Williams III {Fire)" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent * DROP Participant Item 3 Application for Joint Pensioner Retirement, pursuant to Section 70-243, case of: A) Karl J. Odin (Fire) * 2 Retirement Summary Agenda May 15, 2018 *DROP MOTION by Mr. Martinez seconded by Mr. Ferrera, as follows: "To approve Joint Pensioner Retirement of Item 3A, Karl J. Odin (Fire) *" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent * DROP Participant Item4 Application for Deferred Retirement, pursuant to Section 70-239, case of: A) Gustavo V. Vasquez (Park and Rec.) B) Raul Garaboa (Civilian Fire) C) Pedro Vento (Parks and Rec. ) MOTION by Mr. Ferrera, seconded by Mr. Martinez, as follows: "To approve Ite~ 4A Deferred Retirement of Gustavo V. Vasquez (Park and Rec.), 48, Raul Garaboa (Civilian Fire), 4C, Pedro Vento (Parks and Rec.)" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent Item 5 Application for Disability Retirement, pursuant to Section 70-248, case of: A) Kevin S. Coney (Fire) MOTION by Mr. R. Williams, seconded by Mr. Martinez, as follows: "To approve Item SA Disability Retirement of Kevin S. Coney (Fire)" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent 3 Retirement Summary Agenda May 15, 2018 Item 6 Devry Lawsuit - Update by Counsel NO MOTION NEEDED Item 7 Wells Fargo - Litigation Update MOTION by Mr. Martinez, seconded by Mr. Ferrera, as follows: "To approve Item 7 Wells Fargo- Litigation Update" MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent ItemS Request to pay invoice from Klausner, Kaufman, Jensen & Levinson in the total amount of $6,260.50 for services rendered through April 30, 2018. MOTION by Mr. Ferrera, seconded by Mr. Martinez, as follows: "To approve Item 8 to pay invoice from Klausner, Kaufman, Jensen & Levinson in the total amount of $6,260.50 for services rendered for April 2018 " MOTION carried a 5-0-2 vote with B. Williams, M. Ho, Ferrera, Martinez, and R. Williams voting "Yes" and G. Perez and Rosengaus absent Schedule the next regular Retirement Board meeting for Tuesday, June 19, 2018 at 1:30 P.M., Council Chambers, 3rd Floor. · Schedule the next regular Retirement Board meeting for Tuesday, June 19, 2018 at 1:30 P.M., Council Chambers, 3rd Floor. New Business: There being no further business, the meeting adjourned at 2:39 P.M. 4  \ Retirement Summary Agenda May 15, 2018 Input from Active and Retired Members: Persons wishing to appeal any decision made by the Board with respect to any matter considered at this meeting will need a record of the proceedings, and, for such purposes, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony upon which the appeal is to be based. In accordance with the Americans with Disabilities Act of 1990, persons needing special qccommodation to participate in this proceeding should contact the Office of the City Clerk at (305) 883-5820 for assistance no later than seven (7) days prior to the proceeding; if hearing impaired, telephone the Florida Relay Service at (800) 955-8771 (TDD), (877) 955-8773 (Spanish) or (800) 955-8770 (Voice). This meeting may be conducted by means of, or in conjunction with, communications media technology, specifically a telephone conference call. The above location, which is open to the public, shall serve as an access point. Persons wishing to attend should appear at the access point, where access to the meeting will be provided. 5