Fire Department 

Call to Order: The meeting was called to order at 8:15 a.m. in the conference room at Glenview Fire Station 6.  On roll call the following were:

Present: Village Manager Hileman, Trustee Paul Detlefs, Board President/Trustee Nick Rusher, Trustee Tom Dvorak, Douglas Oest of Marquette Associates and Carol Bjankini, Recording Secretary

Absent: Trustee Pat Cuisinier, (Retired) Board Secretary/Trustee Phil Schmitt, Finance Director Dan Wiersma

Minutes: President Rusher called for a review of the minutes of January 30, 2007.  Trustee Nick Rusher made a motion to accept the minutes of January 30, 2007.  Trustee Tom Dvorak seconded and the vote was all ayes, no nays and the minutes of January 30, 2007 were accepted.

Applications: Trustee Rusher notified the Board he was in receipt of three applications.

Margaret Garman - Application for Surviving Spouse Pension

 Norman Anderson - Application for Retirement Pension

Jeffrey Klauke - Application for Deferred Retirement Pension

Trustee Detlefs motioned to accept Margaret Garman's Application for Surviving Spouse Pension.  Trustee Dvorak seconded and the vote was all ayes, no nays and the application was accepted.

Trustee Detlefs motioned to accept Norman Anderson's Application for Retirement Pension.  Trustee Dvorak seconded and the vote was all ayes, no nays and the application was accepted.

Trustee Detlefs motioned to accept Jeffrey Klauke's Application for Deferred Retirement Pension.  Trustee Dvorak seconded and the vote was all ayes, no nays and the application was accepted.

Other Business: Trustee Dvorak distributed information on one pension attorney, Richard Reimer.  After reviewing the handout Trustee Detlefs asked for a list of services the attorney would provide and possibly scheduling a "meet and greet" with the attorney.  Trustee Dvorak and Trustee Rusher will network with other communities and colleagues to get better informed on the need and role a Pension Attorney provides Pension Boards.

Financial Reports/Contribution Review: Marquette Associates Advisor, Mr. Oest distributed the "Glenview Firefighters' Pension Fund System Review".  Mr. Oest provided an overview of the booklet and pointed out recommendations for the Board to review and discuss.  The main topics for the recommendations are custody, investment policy guidelines, asset allocation and structure and investment management.

Mr. Oest reported that there is still no ruling regarding the Sudan Act.  It is estimated there will be a ruling in the next three to four weeks.

Manager Hileman asked Mr. Oest at what point would he need the Board's authority to start implementation of the internally managed funds.  Mr. Oest explained that this has to be done at the Boards comfort level.  He also pointed out there are funds maturing in the very near future and the sooner he receives Board approval the investments can be redeployed to better achieve long term goals.

Trustee Dvorak motioned to approve the liquidation of the internally managed portfolio and use the proceeds to invest in the NTGI Intermediate Governmental Index Fund.  Trustee Rusher seconded and the vote was all ayes, no nays and the request was approved.

After the Northern Trust transaction Mr. Oest will seek Board approval to establish a separate account Sudan-Free S&P 500 Index portfolio through Rhumbline.

Meeting Dates: The next meeting has been scheduled for Tuesday, February 20, 2007, 7:30 am in the conference room at Station 6.   

Adjournment: President/Trustee Nick Rusher motioned to adjourn, Trustee Tom Dvorak seconded and the vote was all ayes, no nays and the meeting adjourned at 9:55 a.m.