Volunteer Firefighter Relief Fund Committee

City of Norwich Volunteer Firefighters’ Relief Fund Committee Minutes Special Meeting June 5, 2006 The Volunteer Firefighters’ Relief Fund Committee held a special meeting on Monday, June 5, 2006 at 5:00 p.m. in room 209, City Hall, Norwich, Connecticut. 1. Roll Call Members present were: Richard Benoit, Taftville Thomas Dawkins, Personnel Manager Joseph Kochanski, Laurel Hill Karen Mankowski, Occum Joshua Pothier, Deputy Comptroller Red McKeon, Occum/Past Chairman Donald Leary, East Great Plain John Crooks, Alderman (guest) Robert Zarnestke, City Manager Members absent were: Dennis Davis, City Pension Board Member Joseph Ruffo, Comptroller/Treasurer Thomas Quinley, Yantic Richard Benoit called the meeting to order at 5:04 p.m. 1. Minutes: None 2. Reports: None 3. Communications: None 4. Old Business – for more information and detail see the attached hand written notes provided by Mr. Zarnestke. a. Alderman Crooks described his investment policies analysis and his suggestions for the Volunteer Firefighters’ Relief Fund. b. Review and discussion of the prepared Investment Policy Statement. c. Question – Could the Policy Statement serve as a participant manual? Discussion as to its pros and cons. d. Investments in “socially responsible” companies/investments. Responsibility lies with the Investment Advisor and would potentially be time consuming to monitor. e. Mr. Crooks was thanked by the Committee Chairman, Mr. Benoit, for his hard work and assistance to the Committee in this matter. f. Rules of Order suspended – motion made by Joseph Kochanski, seconded by Karen Mankowski, to discuss Relief Fund Plan changes. Approved. 1. Discussion relating to Section 3.3 and its appropriateness.  g. Mr. Benoit asked to discuss Steve Case’s Benefits – approved unanimously. h. Return to the scheduled agenda. i. Discussion relating choosing the correct Investment Advisor. 1. Investment Policy Statement will aid in choosing an Investment Advisor. j. Robert Zarnestke motioned to allow circulation of draft statement to full Board, seconded by Joseph Kochanski. Approved. k. Next meeting – June 20, 2006 at 1700 hours. Motion made to adjourn by Robert Zarnestke, seconded by Joseph Kochanski. Approved. Meeting adjourned at 1801 hrs. Respectfully Submitted, Thomas G. Quinley July 5, 2006