Retiree Health Care Investment Board

CITY OF ROYAL OAK RETIREE HEALTH CARE INVESTMENT BOARD MINUTES OF THE REGULAR MEETING OF THE BOARD OF TRUSTEES A meeting of the Retiree Health Care Investment Board of Trustees was conducted in the city hall conference room 309, Royal Oak MI, Thursday – November 2, 2017 at 9:30 a.m. The meeting was called to order at 10:10 am Attendance PRESENT: Lee Collick- Chairperson Bret Nelson- Vice Chairperson Pat Paruch- Trustee Dave Poulton- Trustee Don Johnson- Trustee ALSO PRESENT: Julie Rudd - Bd Chief Administrative Officer/ Bd Secretary/Bd Treasurer Tom Michaud – Bd attorney with VanOverbeke Michaud and Timmony Brian Green – Investment Advisor with AndCo Public Comment- none Board approval of the draft minutes for October 5th, 2017 meeting Moved by Pat Paruch to approve the October 5th, 2017 meeting minutes Supported by Don Johnson MOTION ADOPTED UNANIIMOUSLY 5/0 INVESTMENTS Partial investment report dated October 31, 2017 presented by Brian Green (report on file in the finance department), along with memo dated November 1, 2017 re: Update on current allocation status of trust investments Moved by Bret Nelson to receive and file report Supported by Pat Paruch MOTION ADOPTED UNANIIMOUSLY 5/0 Seizert Capital Partners Quarterly Report dated September 30, 2017 (report on file in the finance department). Moved by Bret Nelson to receive and file report Supported by Pat Paruch MOTION ADOPTED UNANIIMOUSLY 5/0 Seizert Capital Partners Mid Cap Commentary 3Q17 as of September 30, 2017 (report on file in the finance department). Moved by Bret Nelson to receive and file report Supported by Pat Paruch MOTION ADOPTED UNANIIMOUSLY 5/0 Seizert Capital Partners Directions 3Q17 as of September 30, 2017 (report on file in the finance department). Moved by Bret Nelson to receive and file report Supported by Pat Paruch MOTION ADOPTED UNANIIMOUSLY 5/0 LEGAL None OTHER NEXT MEETING AND ADJOURNMENT Next regular meeting is scheduled for immediately following the retirement system board meeting at approximately 9:30 am on Thursday – December 7th, 2017 at City Hall room 309. Moved by Bret Nelson to adjourn the meeting (10:22 a.m.) and confirm next meeting for December 7th, 2017 immediately following retirement system board meeting at approximately 9:30 am Supported by Dave Poulton MOTION ADOPTED UNIANIMOUSLY 5/0