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Minute No. 173
Washington County Retirement Board
Washington, Pa., February 26, 1998
A special meeting of the Washington County Retirement Board was held at
approximately 10:30 a.m. on Thursday, February 26, 1998, in the Public Meeting
Room, Courthouse Square Office Building, Washington, Pennsylvania, with the
following members being present: Commissioners Diana L. Irey, J. Bracken Burns, Sr.,
Treasurer Francis King and Controller Paul Belcastro. Absent being: Commissioner
Joseph A. Ford, Sr. Also being present: Chief Clerk Michelle Miller; Roger Metcalfe,
Budget Director; and Frank Domiesen, Yanni-Bilkey.
Old Business
Discussion on RFP's for International and Small Cap Equity Managers
Commissioner Irey directed Frank Domiesen to lead the discussion on the
selection of RFP's for international and small -cap equity managers. Mr. Domiesen
discussed the qualification criteria that was used by Yanni-Bilkey to evaluate the
candidates. Following the criteria review, Mr. Domiesen discussed the international
and small -cap manager candidates with the Retirement Board.
It was determined that Invesco Capital Management and Templeton Investment
Counsel, Inc. be selected to give presentations to the Retirement Board based on their
ranking in the international qualification criteria. Emerald Advisors and PNC will
conduct small -cap presentations based on their rank in their respective criteria.
The Chief Clerk and Frank Domiesen were directed by the Retirement Board to
schedule the presentations.
New Business
none
There being no further business, Chairman Irey declared the meeting adjourned
at approximately 11:00 a.m.
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Minute No. 174
Washington County Retirement Board
Washington, Pa., March 19, 1998
The monthly meeting of the Washington County Retirement Board was held at
approximately 11:00 a.m. on Thursday, March 19, 1998, in the Public Meeting Room,
Courthouse Square Office Building, Washington, Pennsylvania, with the following
members being present: Commissioners Diana L. Irey and J. Bracken Burns, Sr.;
Treasurer Francis King and Controller Paul Belcastro. Absent being Commissioner
Joseph A. Ford, Sr. Also being present: Chief Clerk Michelle Miller; Roger Metcalfe,
Budget Director; William McGowen, Director of Administration; Joe Smydo,
Observer -Reporter, Chris Haines, Herald Standard; Kathy Thomas, Valley
Independent; Jim Jefferson, WJPA; Frank Domiesen, Yanni-Bilkey, and David Antion
and George Eckert, interested citizens.
Approval of Minutes
Chairman Irey entertained a motion to approve Minute No. 172 dated February
19, 1998.
Moved by Mr. Belcastro, seconded by Mr. King, that Minute No. 172 dated
February 19, 1998, be approved as written.
Roll call vote taken:
Mr. Belcastro - Yes; Mr. King - Yes; Mr. Burns - Yes; Mrs. Irey - Yes.
Motion carried unanimously.
Chairman Irey entertained another motion to approve Minute No. 173 dated
February 26, 1998.
Moved by Mr. King, seconded by Mr. Belcastro, that Minute No. 173 dated
February 26, 1998, be approved as written.
Roll call vote taken:
Mr. Belcastro - Yes; Mr. King - Yes; Mr. Burns - Yes; Mrs. Irey - Yes.
Motion carried unanimously.