October 25, 2018
Pension Committee
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October 25, 2018
PENSION COMMITTEE
REGULAR MEETING
THURSDAY, OCTOBER 25, 2018
TOWN HALL 9 AM
CALL TO ORDER
APPROVAL OF MINUTES OF THE REGULAR MEETING OF JULY 26, 2018
REPORT FROM CFO MIKE MARINACCIO
PRESENT CASH POSITIONS IN TOWN ACCOUNTS
ESTIMATED TIMING OF TOWN CONTRIBUTION
CAFR REPORTS: FUNDED RATIO
INVESTMENT REVIEW AND DECISIONS FOR THE TOWN FUND:
REVIEW: TOM FORMA AND KEVIN NICHOLS
INVESTMENT DECISIONS
MAINSTAY FUND VRS. EPOCH FUND
INVESTMENT REVIEW AND DECISIONS FOR THE VOLUNTEER FIRE FUND:
REVIEW: TOM FORMA AND KEVIN NICHOLS
INVESTMENT DECISIONS
MEETING DATES FOR NEXT YEAR
NEW BUSINESS
ADJOURNMENT:
Special Town Meeting
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October 25, 2018
LEGAL NOTICE
TOWN OF SOMERS
NOTICE OF SPECIAL TOWN MEETING
Thursday, October 25, 2018
7:00 p.m.
Town Hall Auditorium
All electors and persons eligible to vote in town meetings of the Town of Somers, Connecticut (the “Town”) are hereby warned that a Special Town Meeting of the Town is to be held at the Somers Town Hall Auditorium, 600 Main Street, Somers, Connecticut on Thursday, October 25, 2018 at 7:00 p.m., for the following purposes:
- To elect a moderator.
- To consider and discuss (but not vote on) resolutions to:
- authorize an appropriation of $6,000,000 for the costs of various school improvements at the Somers Elementary School, the Mabelle B. Avery Middle School and the Somers High School and the financing of said appropriation by the issuance of general obligation bonds and notes in an amount not to exceed $6,000,000 or so much as may be necessary after deducting grants therefor.
- authorize an appropriation of $4,000,000 for the costs of road and bridge improvements and the financing of said appropriation by the issuance of general obligation bonds and notes in an amount not to exceed $4,000,000 or so much as may be necessary after deducting grants therefor.
The full text of the foregoing authorizing resolutions are on file and open to inspection at the office of the Town Clerk, Town Hall, Somers, Connecticut for the use or inspection of any interested person.
Pursuant to Section 7-7 of the Connecticut General Statutes, as amended, the Board of Selectmen by resolution adopted at its meeting on August 23, 2018, removed the foregoing resolutions from the agenda of this Special Town Meeting for submission to the voters for vote by voting machine to be held on Tuesday, November 6, 2018, at the times and at the polling places to be noticed.
- To adjourn the meeting.
Dated at Somers, Connecticut this 15 day of October, 2018.
TOWN OF SOMERS
BOARD OF SELECTMEN
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C.G. “Bud” Knorr, Jr., First Selectman
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Kathleen A. Devlin, Selectman
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Timothy R. Potrikus, Selectman