HomeMy WebLinkAbout1983 09 20 Board of Trustees Regular Minutes
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TRUSTEES MEETING - PENSION PLAN
CITY OF WINTER SPRINGS, FLORIDA
SEPTEMBER 20, 1983 - 3:00 P. M.
Present:
Mayor John V. Torcaso
City Manager Richard Rozansky
Commissioner Inez Linville
Mr. John Hatfield
Also Present:
City Attorney Frank Kruppenbacher
Tax Attorney Robert Mead
Attorney Mead discussed the letter he sent to the City on September 12, 1983
in reference to our plan and the different plans available.
Mr. Hatfield gave a brief summary of the pension plan, and the work that has
been done up to the present.
Mr. Hatfield submitted his resignation as Trustee effective Sept. 20, 1983.
At the next Commission Meeting it will be necessary to appoint a Trustee for the
pension plan.
There was discussion of the two proposals that had been received.
Motion was made by Commissioner Linville to table the bids. Seconded by Manager
~ Rozansky. Motion carried.
Attorney Mead will check with the Florida League in reference to the Florida
Municipal Pension Trust Fund, and send a letter to the City.
Meeting was adjourned 4:3p p. m.
Respectfully submitted,
Mary T. Norton,
City Clerk
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Mayor John Torcaso
City of winter Springs
400 Edgemond Avenue
Winter Springs, FL 32708
Dear John:
Your confidence in appointing me a Trustee to the City
of Winter Springs Money Purchase Pension Plan was
appreciated. We have made a substantial amount of pro-
gress with the Plan and I feel the employees will
appreciate the Plan.
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As you know, I work for the firm of Ogle & Waters, Inc.
We provide Employee Benefit Consultant Services including
professional Plan Administration for clients such as the
City of Winter Springs. The City is now receiving bids
for the services of an Administrative Delegate. Ogle &
Waters has submitted a bid to provide the administrative
services. The law does not specifically exclude me from
serving as a Trustee and our firm from providing the
administrative services. Nevertheless, I feel I must
regretfully submit my resignation as a Trustee in order
to be unconditionally considered to provide the admin-
istrative services for your Plan.
I enjoyed working with you as a fellow Trustee and would
hope to have the opportunity to continue working with you
as the provider of your administrative services.
Respectfully Submitted,
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