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Home My WebLink AboutAgenda_Pension General_8/4/2025TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING PENSION TRUST FUND Monday, August 4, 2025 12:00 PM Secretary Dennis Rick Board Member Michelle Gload Board Member Kyle Stone Board Member Michael Rhodes LOCATION: Tequesta Village Hall, Village Council Chambers 345 Tequesta Drive Tequesta, FL 33469 Meeting Contact: (561) 624-3277 (Plan Administrator) TIME: Monday, August 4, 2025, at 12:00 PM INSTRUCTIONS TO JOIN MEETING ELECTRONICALLY Meeting ID: 891 2505 1468 Passcode: 221758 Resource Centers is inviting you to a scheduled Zoom meeting: For Video & Audio (Recommended): If you are using a mobile device (Smart Phone or Tablet) use the “Zoom” App. Link to Join from Laptop, PC, Mac, Linux, iOS or Android: https://us06web.zoom.us/j/89125051468?pwd=Aura27wg1sB9pqYQkJ19myqmca1ewo.1 For Voice Only: iPhone one-tap: US: +13052241968,,89125051468#,,,,*221758# US +16465588656,,89125051468#,,,,*221768# US (New York) Telephone (for higher quality, dial a number based on your current location: Dial: +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 646 558 8656 US (New York) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 669 900 9128 US (San Jose) Public Comments: Public can submit comments by email during the Meeting to Tequesta@ResourceCenters.com. All public comments will be read into the record in the Public Comment portion of the Meeting. PLEASE TAKE NOTICE AND BE ADVISED: If a person decides to appeal any decision made by this Board with respect to any matter considered at this meeting or hearing he/she will need a record of the proceedings, and that, for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. DISABILITY INFORMATION: In accordance with the Americans with Disabilities Act and F.F.S 286.26, persons with disabilities needing special accommodation to participate in this meeting should contact Lori McWilliams, Village Clerk, no later than seven days subsequent to the proceeding at 561.768.0700 for assistance. If hearing impaired, please call the Florida Relay Service Numbers at 800-955-8771 (TDD) or 800-955-8770 (VOICE) for assistance. Page 1 of 5 TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING PENSION TRUST FUND Monday, August 4, 2025 12:00 PM Secretary Dennis Rick Board Member Michelle Gload Board Member Kyle Stone Board Member Michael Rhodes LOCATION: Physical Meeting Tequesta Village Hall, Village Council Chambers 345 Tequesta Drive Tequesta, FL 33469 Meeting Contact: (561) 624-3277 (Plan Administrator) TIME: Monday, August 4, 2025, at 12:00 PM CALL TO ORDER ROLL CALL EXTRAORDINARY CIRCUMSTANCES FOR TRUSTEES JOINTING ELECTRONICALLY APPROVAL OF AGENDA PUBLIC COMMENT Email Public Comments during the Meeting to: Tequesta@ResourceCenters.com BOARD OF TRUSTEES VACANT CHAIR POSITION APPROVAL OF MINUTES – \[Tab 1\] 1. Regular Quarterly Meeting Minutes Dated: May 5, 2025. PRESENTATIONS 2. Fiduciary Trust – Minday Johnson, Fiduciary Trust a. Annual Presentation 3. Dana Investments - Greg Peters, Dana Investments a. Dana Investments 06-30-2025 Quarterly Performance Report 4. Mariner Investment Monitor – Jennifer Gainfort, Mariner a. Tequesta General 06-30-2025 Quarterly Performance Report CONSENT AGENDA All items listed under the Consent Agenda are considered routine and will be enacted by one motion. There will be no separate discussion of these items unless a Pension Board Trustee so requests, in which event the item will be removed from the Consent Agenda and considered in its normal sequence in the agenda. 5. Ratification of invoices paid since last quarterly meeting. \[Tab 2\] VILLAGE OF TEQUESTA GENERAL EMPLOYEES' PENSION FUND WARRANT - PAID INVOICES Page 2 of 5 TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING PENSION TRUST FUND Monday, August 4, 2025 12:00 PM Secretary Dennis Rick Board Member Michelle Gload Board Member Kyle Stone Board Member Michael Rhodes Monday, May 5, 2025 TO: Resource Centers, Plan Administrator FROM: Board of Trustees Paid by Custodian: Fiduciary Trust International (Dana Equity) Services for QE 09/30/24 $ 420.43 Fiduciary Trust International (Dana Fixed) Services for QE 09/30/24 $ 320.86 Check Date Payee/Description Number Amount January 22, 2025 Pension Resource Center 1602 $ 1,490.36 Administrative Fee- January 2025 invoice 21376 January 22, 2025 Mariner Institutional, LLC 1603 $ 3,500.00 Investment Consultant Services for QE 12/31/24, invoice 50452 January 22, 2025 Gabriel, Roeder, Smith & Company 1604 $ 8,658.00 Actuary Fees- Invoice 491439 dated 01/07/25 February 19, 2025 Pension Resource Center 1605 $ 1,491.49 Administrative Fee- February 2025 invoice 21445 $ February 19, 2025 Klausner, Kaufman, Jensen & Levinson 1606 35.00 Legal Services rendered for January 2025, invoice 36909 February 19, 2025 Dana Advisors, Inc 1607 $ 4,551.13 Investment Management services for QE 12/31/24, acct 1087cc February 19, 2025 Dana Advisors, Inc 1608 $ 1,445.07 Investment Management services for QE 12/31/24, acct 1087cb March 11, 2025 Pension Resource Center 1609 $ 1,492.62 Administrative Fee- March 2025 invoice 21510 March 11, 2025 Klausner, Kaufman, Jensen & Levinson 1610 $ 2,297.50 Legal Services rendered for February 2025, invoice 37132 April 16, 2025 Pension Resource Center 1611 $ 1,490.36 Administrative Fee- April 2025 invoice 21587 April 16, 2025 Mariner Institutional, LLC 1612 $ 3,500.00 Investment Consultant Services for QE 03/31/25, invoice 51395 April 16, 2025 Klausner, Kaufman, Jensen & Levinson 1613 $ 1,427.50 Legal Services rendered for March 2025, invoice 37358 TOTAL: $ 32,120.32 Dated this 5th Day of May, 2025. 6. Reporting of new applicants for participation in Pension Plan  Starr, James – Hire Date 04-28-2025 Page 3 of 5 TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING PENSION TRUST FUND Monday, August 4, 2025 12:00 PM Secretary Dennis Rick Board Member Michelle Gload Board Member Kyle Stone Board Member Michael Rhodes 7. Terminated Non-Vested employees who have not yet taken their contributions:  Jamason, Simon – Terminated 05-10-2016 (Nonresponsive) – Location Verification Letter Sent 01-02-2025  Black, Edward – Terminated 01-05-2018. (Nonresponsive) – Location Verification Letter Sent 01-02-2025  Dilsa, Jennie – Terminated 05-01-2020. (Nonresponsive) – Location Verification Letter Sent 01-02-2025  Arango-Lorick, Meghan – Terminated 09-30-2020. Member sent Refund forms on 04-23-2021, Notification Letter Sent 01-27-2025  Martin, Richard – Termination Date 06-22-2022. Notification Email Sent: 05-11-2022 – Incomplete Application Submitted 07-19-2022, Follow-up sent 01- 31-2023, Notification Letter Sent 01-27-2025  Hammond, Matthew – Termination Date 07-01-2022. Notification Emails Sent: 07-05-2022 and 01-31-2023, Notification Letter Sent 01-27-2025  Ferman, Alexander – Termination Date 08-05-2022. Notification Emails Sent: 08-06-2022 and 01-31-2023, Notification Letter Sent 01-27-2025  Conti, Lisa – Termination Date 02-01-2023. Notification Email Sent: 02-01-2023, Notification Letter Sent 01-27-2025  Madsen, Patrick – Termination Date 06-15-2023. Notification Email Sent: 07-01-2023, Notification Letter Sent 01-27-2025  Leigh, Jillian – Termination Date 09-17-2023. Notification Email Sent: 10-31-2023, Notification Letter Sent 01-27-2025  Wagner, Catherine – Termination Date 01-12-2024. Notification Email Sent: 01-29-2024, Notification Letter Sent 01-27-2025  Spring, Elizabeth – Termination Date 04-05-2024. Notification Email Sent: 05-01-2024, Notification Letter Sent 01-27-2025  Shiner, Scott – Termination Date 06-10-2024 Notification Email Sent: 06-10-2024, Notification Letter Sent 01-27-2025  Cawley, Matthew – Termination Date 02-28-2025  Canning, Stephen – Termination Date 07-18-2025 8. Benefit Approvals  Ciatto, Frank Refund of Contributions $2,213.93  Thomas, Michelle Refund of Contributions $2,107.33  Maloney-Pollack Refund of Contributions $1,584.19 END OF CONSENT AGENDA OLD BUSINESS NEW BUSINESS 9. Attorney Update – Attorney Bonni Jensen, Klausner, Kaufman, Jensen & Levinson \[Tab 3\] a. Jensen Memo – Boycott Israel Page 4 of 5 TEQUESTA GENERAL EMPLOYEES’ REGULAR QUARTERLY MEETING PENSION TRUST FUND Monday, August 4, 2025 12:00 PM Secretary Dennis Rick Board Member Michelle Gload Board Member Kyle Stone Board Member Michael Rhodes 10. Accounting Reports – Board Member, Michelle Gload, Finance Department \[Tab 4\] a. Revenue/Expenditures – Quarter Ending 06-30-2025 b. Revenue/Expenditure Details – Quarter Ending 06-30-2025 c. FY2025 Budget Report – Quarter Ending 06-30-2025 11. Administrative Report – Albert Lovingood, Resource Centers \[Tab 5\] a. Form 1 Filing Status Update b. Resource Centers Memo – 2026 Proposed Board Meeting Dates c. Resource Centers Memo – Trustee 2025-2026 Conference List d. Resource Centers Memo – About The Resource Centers e. Resource Centers Memo – Whose Job Is It 2025 f. Resource Centers Memo – Contact List OTHER BUSINESS 12. Military Buyback 13. Annual Member Workshop ANY OTHER MATTERS PUBLIC COMMENT Email Public Comments during the Meeting to: Tequesta@ResourceCenters.com ADJOURNMENT NEXT QUARTERLY MEETING DATE: Monday, November 3, 2025 @ 8:30 AM REMINDER: FIDUCIARY TRUST FINANCIAL STATEMENTS ARE AVAILABLE ON THE VILLAGE’S IMAGING SYSTEM* Page 5 of 5