Volunteer Firefighter Relief Fund Committee

City of Norwich Volunteer Firefighters’ Relief Fund Committee Minutes Meeting #105, September 10, 2007 The Volunteer Firefighters’ Relief Fund Committee held its 105th meeting on Monday, September 10, 2007, 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 Red McKeon, Occum/Past Chairman Donald Leary, East Great Plain Joshua Pothier, Assistant Comptroller Brian Curtin, City Treasurer Frank Davis, Citizen Appointee Ed Martin, Laurel Hill - guest Members absent were: Joseph Ruffo, Comptroller Thomas Quinley, Yantic Richard Benoit called the meeting to order at 5:07 p.m. Richard Benoit introduced the new Citizen Appointee to the VFRF Committee, Frank Davis. Mr. Davis is replacing Dennis Davis. Mr. Frank Davis is also a member of the City Personnel and Pension Board. 2. Minutes: The May meeting minutes were deferred until the next scheduled meeting. 3. Reports: Treasurer Report: A motion was made and seconded to accept the June-July Treasurer’s Reports. Approved. City Treasurer, Brian Curtin, and Mr. Josh Pothier reported that on September 10, 2007, they moved approximately $370,000 from the VFRF money market funds to the State Treasurer’s Short Term Investment Fund. Further, it was noted that the money came from a Savings Institute CD that had matured on August 2, a Citizens Money Market Account and excess funds that were dormant in the checking account. Mr. Curtin reported that this account has daily liquidity and daily accrual of interest. A copy of the State Treasurer’s Short Term Investment Fund was presented to Committee members for review and comment. 4. Communications: None 5. Old Business: None 6. New Business a. The VFRF received a request from David Plante, Taftville, for benefits. Mr. Plante has submitted all necessary forms with certification. Mr. Benoit reports that Mr. Plante has 28 years with Taftville, and respectfully requests that payments begin on August 1, 2007. A motion was made and seconded to accept the request for benefits. Approved. b. Mr. Benoit commented that due to the termination of services with North Pointe Investments, he believes that the Committee Members should consider other options for investment council. Mr. Curtin commented that maybe the Committee should look into Russell Funds due to a recent proposal made to the City Personnel and Pension Board. Mr. Curtin took an action item to contact Russell Funds representatives to potentially set up a meeting in the near future. Mr. Pothier suggested that the Committee revisit the Investment Policy for possible enhancements before the Committee establishes a new relationship with an investment councilor. Motion made to adjourn and seconded. Approved. Meeting adjourned 1725. Respectfully Submitted, Richard Benoit, Prepared by: Thomas Quinley, Secretary