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, Wednesday – June 6, 2018 at 9:00 a.m. The meeting was called to order at 9:35 am Attendance PRESENT: Lee Collick- Chairperson Bret Nelson- Vice Chairperson Kim Gibbs- Trustee Kyle DuBuc- Trustee Don Johnson- Trustee ALSO PRESENT: Julie Rudd - Bd Chief Administrative Officer/ Bd Secretary/Bd Treasurer Leah Motyka - Administrative Assistant- Pension Technician Brian Green – Investment Advisor with AndCo Tom Michaud – Bd attorney with VanOverbeke Michaud and Timmony Public Comment- none Board approval of the draft minutes for May 8th, 2018 meeting Moved by Don Johnson to approve the May 8th, 2018 meeting minutes Supported by Bret Nelson MOTION ADOPTED UNANIIMOUSLY 5/0 INVESTMENTS Equity Style Review Report presented by Brian Green Brian discussed the differences between value, blend, and growth in small, mid, and large caps. The complete report is on file in finance office. Moved by Bret Nelson to receive and file report Supported by Kim Gibbs MOTION ADOPTED UNANIIMOUSLY 5/0 LEGAL-none OTHER GRS contract update- Tom Michaud is currently working on NEXT MEETING AND ADJOURNMENT Next regular meeting is scheduled immediately following the retirement system board meeting at approximately 8:30 am on Monday – July 9th, 2018 at City Hall room 309. Moved by Kyle DuBuc to adjourn the meeting (10:00 a.m.) and confirm next meeting for July 9th, 2018 immediately following retirement system board meeting at approximately 8:30 am Supported by Kim Gibbs MOTION ADOPTED UNIANIMOUSLY 5/0