MINUTES OF THE BOARD OF TRUSTEES
February 14, 2008
CALL TO ORDER
President David Marino called the meeting of the Board of Trustees of the Los Angeles Firemen’s Relief Association to order at 10:17 a.m.
ROLL CALL
MEMBERS PRESENT:
- David Marino, President
- Robert Steinbacher, Vice President
- Andrew Kuljis, Secretary-Treasurer
- Trustee James Coburn – Battalion 1
- Trustee William Dunn – Battalion 2
- Trustee Juan Albarran, Battalion 3
- Trustee Chris Hart – Battalion 4
- Trustee Gary Matsubara – Battalion 5
- Trustee Tim Larson – Battalion 6
- Trustee Gene Bednarchik – Battalion 7
- Trustee Doak Smith – Battalion 9
- Trustee David Peters – Battalion 10
- Trustee John Jacobsen – Battalion 11
- Trustee Chris Stine – Battalion 13
- Trustee Kurt Stabel – Battalion 14
- Trustee Francisco Hernandez – Battalion 17
- Trustee Dennis Mendenhall – Battalion 18
- Trustee David Ortiz – Headquarters 1
- Trustee Michael Overholser – Headquarters 2
- Trustee Warren Braun – Pension 1
- Trustee Tom Stires – Pension 2
- Executive Director – David Ned Smith
MEMBERS ABSENT:
- Trustee Glen Prine – Battalion 15 (Excused)
GUESTS PRESENT:
- Louie Garcia, Battalion 5 Prospect
- Todd Layfer, Controller
- Robert Ridley, Attorney
INVOCATION
Trustee Warren Braun led the invocation.
INTRODUCTION
Secretary-Treasurer Andrew Kuljis proceeded in giving the Oath of Office to Tim Larson for the Battalion 6 Trustee position.
RATIFICATION OF MINUTES
President David Marino entertained a motion to approve and dispense with the reading of the minutes from the Meeting of the Board of Trustees held on January 3, 2008. Trustee
David Peters so moved. Trustee Frank Hernandez seconded the motion. There were no discussions or objections.
Motion carried to approve and dispense with the reading of the Minutes of the Board of Trustees meeting held January 3, 2008.
PRESIDENT’S REPORT
1) President Marino mentioned that he and Marlene Casillas had attended the CSFA Celebrity Poker Tournament. He indicated that the Widows, Orphans and Disabled Firemen’s fund received 50% of the proceeds. The amount is yet determined.
2) President Marino mentioned the Grass Valley Reunion and asked which Trustees were interested in attending. He stated that there were rooms reserved and the event would take place May 14th – 18th.
3) He also mentioned that the Buzzard Bait Family Fun Ride had raised about $8,000 for the Widows, Orphans and Disabled Firemen’s Fund.
VICE PRESIDENT’S REPORT
1) Vice President Steinbacher mentioned that he had attended the Thomas Taylor memorial and indicated it was a nice event.
2) Vice President Steinbacher informed the Board of upcoming conferences. He stated that three Trustees will attend the Investment Conference in May and four Trustees will attend the Medco Drug Trend conference in Florida. He stated that Medco will pay all expenses except for flights. He also mentioned the Annual IFEBP Conference is scheduled in November and encouraged new Trustees to attend.
ELECTION COMMITTEE
Secretary-Treasurer Andrew Kuljis stated that there are two applicants for the Vacant Pension position. Also he stated that because there was only one applicant for President and Vice-President at this time, they both would be a white ballot. He mentioned that he spoke with California Elections and stated that the election is going as scheduled.
EXECUTIVE DIRECTOR REPORT
1) David Smith discussed and reviewed the Management Discussions & Analysis and financials for the year ending December 2007. (See Attached) In summary net income was $10.2 million of which $8.1 million was from investments.
Todd Layfer mentioned that income was affected because of the sale of the building. He indicated that on the schedule, they had tried to break out non-recurring verses recurring type of transactions and keep them separate from on-going operations. He also stated that they will discuss cost allocation plans at future meetings to show how each fund was burdened with indirect costs.
2) David Smith referred to the Marketing & Development area and indicated that they are focusing on fundraising and publicity. He also provided a summary of upcoming events and current marketing accomplishments.
3) David Smith referred to the move and stated that the plan was to start the move out of the building on Friday, March 28th and be completely moved in on April 1st. He mentioned that they would pay rent up until April 4th to allow time to remove items we are not taking with us.
INVESTMENT COMMITTEE
Chairman Kurt Stabel provided a brief overview of the investment performance for the fiscal year 2007. He mentioned that the total investment portfolio was up 9.3% verses LAFRA’s internal benchmark of 8%. LAFRA uses a benchmark composed of the S & P 500 and the Lehman Brothers Aggregate Bond Index (weighted 65% and 35% respectively) which returned 6.2% as a basis to benchmark its managers. This result is a substantial out performance of the overall market totaling over 300 basis points. He mentioned that the 4th quarter of 2007 showed that the portfolio was down .1%. However, when comparing to the benchmark S&P 500 and Lehman Agg. which was down 1.1%, the portfolio showed 1% of out performance.
He mentioned that on February 25th there will be a site visit to Knightsbridge and PIMCO. He also indicated that on March 25th they will be visiting Brandes Investment Partners in San Diego.
Todd Layfer mentioned that he and Kurt had put together a cash flow for the new building. He stated that the net proceeds for the building were about $4.3 million with taking into account the asbestos removal. He presented two scenarios where the rate of return on the money would be 8% or at 4%. Trustee James Coburn suggested other avenues of what to do with the building fund to consider before making a commitment.
President Marino suggested that the Relief Committee meet with Trustee Stabel, David Smith and Todd Layfer to discuss which direction they would take with the building fund.
EXECUTIVE SESSION
Board entered into Executive Session at 11:05a.m.
Board adjourned from Executive Session at 12:00p.m.
Our attorney Bob Ridley led a discussion in executive session. The following statement: was agreed to be used by the trustees:
“In response to allegations, a comprehensive in- depth, detailed investigation is being conducted by an independent third-party professional investigator.”
ADMINISTRATIVE COMMITTEE REPORT
Chairman David Peters presented the following motions.
The committee recommends and I so move to pay the usual and customary bills in the amount of $566,027.97. There was no discussion or objections.
Motion carried to pay the usual and customary bills in the amount of $566,027.97.
The committee recommends and I so move to pay the professional fees in the amount of $18,412.50. There was no discussion or objections.
Motion carried to pay the professional fees in the amount of $18,412.50.
The committee recommends and I so move to approve future payments of Medco expenses when received and reviewed by Medical Manager. The Medical and Administrative Committees will ratify the payment after the fact. There was no discussion or objections.
Motion carried to approve future payments of Medco expenses when received and reviewed by the Medical Manager.
The committee recommends and I so move to approve $90,000 in contractor change orders to the original bid, which did not in the tenant improvements at the new Dalmatian’s facility. This will be offset in part by tenant improvement allowance of approximately $30,000. On the question, there was an objection. Eleven voted in favor of the motion, one voted opposed.
Motion carried to approve $90,000 in contractor change orders for tenant improvements at the new Dalmatian’s facility.
The committee recommends and I so move to pay severance to two maintenance employees. President Marino stated that they will no longer be needed as of April 1st. There was no discussion or objections.
Motion carried to pay severance to two maintenance employees.
The committee recommends and I so move to approve $600 to purchase a foursome in support of at the LAFD Historical Society’s Golf Tournament. There was no discussion or objections.
Motion carried to approve $600 to purchase a foursome of golf at the LAFD Historical Society’s Golf Tournament.
The committee recommends and I so move to approve the sale of excess electrical supplies to Trustee Coburn for $300. There was no discussion or objections.
Motion carried to approve the sale of excess electrical supplies to Trustee Coburn for $300.
The committee recommends and I so move to approve the sale of the Secretary-Treasurers furniture to President Marino at the value established by the Operations Manager. David Smith indicated that the value of all the furniture for sale will be determined by referencing Goodwill and Turbo Tax. He also stated that they will send flyers informing the membership of the sale of the other furniture not being moved to the new building.
Motion carried to approve the sale of the Secretary-Treasurer’s office furniture to President Marino at the value established by the Operations Manager.
The committee recommends and I so move to approve up to $5,160 to move and refinish the Board table and install at the new building. There was no discussion and no objections.
Motion carried to approve up to $5,160 to move and refinish the Board table and replace at the new building.
The committee recommends and I so move to approve the new mileage reimbursement rate of $ .505 per mile effective January 1, 2008 corresponding to the IRS rate. There was no discussion or objections.
Motion carried to approve the new mileage reimbursement rate of $ .505 per mile effective January 1, 2008.
The committee recommends and I so move to send three Trustees to the Wharton Investment Conference. There was no discussion or objections.
Motion carried to send three Trustees to the Wharton Investment Conference.
The committee recommends and I so move to send four Trustees to the Medco Drug Trend Conference in May. Medco will pick up all expenses except air fare. There was no discussion or objections.
Motion carried to send four Trustees to the Medco Drug Trend Conference in May.
The committee recommends and I so move to approve $11,000 in architectural change orders for the new building. This amount was negotiated to be about half of the requested amount by the architectural There was no discussion or objections.
Motion carried to approve $11,000 in architectural change orders for the new building.
The committee recommends and I so move to approve $22,000 plus expenses for the Strategic Planning Retreat scheduled for June 11th at the Sheraton Universal. David Smith mentioned that it was roughly $11,000 for the consultant and about $8,000 for rooms and meals. Trustee Doak Smith questioned that if it was necessary to meet again so soon. Trustee Juan Albarran suggested holding off on the retreat because it would be too premature to meet and stated that the move to the new building would take time to settle. On the question, there was an objection. Three voted in favor of the motion, eleven voted opposed.
Motion failed.
President Marino asked David Smith to research dates in September for the retreat and report back at next Board.
The committee recommends and I so move to approve $5,587 for the server hardware rack. There was no discussion or objections.
Motion carried to approve $5,587 for the server hardware rack for the new facility.
The committee recommends and I so move to change the employee insurance subsidy rate for those that choose not to obtain the LAFRA Kaiser to Kaiser single-party subscriber rate. This is a policy change that will automatically be adjusted annually. There was no discussion or objections.
Motion carried to change the employee insurance subsidy rate for those that choose not to obtain the LAFRA Kaiser to Kaiser single-party subscriber rate.
Chairman Peters informed the Board that the Administrative Committee will no longer accept hand written Trustee Expense vouchers. He asked that they produce their expenses on a computer generated form.
The committee recommends and I so move to expend $10,600 to move the fixtures, wall racks and merchandise from Dalmatian’s into the new facility. There was no discussion or objections.
Motion carried to expend $10,600 to move the fixtures, wall racks and other associated elements from Dalmatian’s into the new facility.
The committee recommends and I so move to approve $5,000 for the purchase of four computers and two printers for the new building. There was no discussion or objections.
Motion carried to approve $5,000 for the purchase of four computers and two printers for the new building.
The committee recommends and I so move to approve and implement the new Cash Disbursements Approval and Check Signing Authority policy which has distributed to the Board. There was no discussion or objections.
Motion carried to approve and implement the Cash Disbursements Approval and Check Signing Authority Policy.
RELIEF COMMITTEE REPORT
Chairman James Coburn presented the following motions.
The committee recommends and I so move to pay the Sick and Injury benefits in the amount of $19,732.12. There was no discussion or objections.
Motion carried to pay the Sick and Injury benefits in the amount of $19,732.12.
The committee recommends and I so move to pay the Relief Death benefits in the amount of $31,500. There was no discussion or objections.
Motion carried to pay the Relief Death benefits in the amount of $31,500.
The committee recommends and I so move to pay the Life & Accident withdrawals in the amount of $5,555. There was no discussion or objections.
Motion carried to pay the Life & Accident withdrawals in the amount of $5,555.
The committee recommends and I so move to pay the Estate Planning benefit in the amount of $6,000. There was no discussion or objections.
Motion carried to pay the Estate Planning benefit in the amount of $6,000.
MEMORIALS
William M. Williams
Elvis E. Harrison
John M. Blessing
Lyle H. Kime
Daniel W. Waldschmidt
David A. Lally
Ronald D. Borst
ASSISTANCE COMMITTEE
Chairman James Coburn presented the following motion.
The committee recommends and I so move to accept the donations in the amount of $15,676.85 to the Widows, Orphans & Disabled Firemen’s Fund. There was no discussion or objections.
Motion carried to accept the donations in the amount of $15,676.85 to the Widows, Orphans & Disabled Firemen’s Fund.
The committee recommends and I so move to assist a widow with $500 per month with a six month review for living expenses. There was no discussion or objections.
Motion carried to assist a widow with $500 per month with a six month review for living expenses.
The committee recommends and I so move to assist a member $1,100 per month with a six month review for healthcare. There was no discussion or objections.
Motion carried to assist a member with $1,100 per month with a six month review for healthcare.
The committee recommends and I so move to assist a member with $1,060 for airfare costs to attend Fallen Firefighter Memorial overseas. There was no discussion or objections.
Motion carried to assist a member with $1,060 for airfare costs to attend Fallen Firefighter Memorial overseas.
The committee recommends and I so move to assist a member with $175.34 for work party refreshments. There was no discussion or objections.
Motion carried to assist a member with $175.34 for work party refreshments.
The committee recommends and I so move to assist a widow with medical premiums with a six month review. There was no discussion or objections.
Motion carried to assist a widow with medical premiums with a six month review.
The committee recommends and I so move to assist a widow with $500 per month plus medical premiums with a six month review for living expenses. There was no discussion or objections.
Motion carried to assist a widow with $500 per month plus medical premiums with a six month review for living expenses.
The committee recommends and I so move to assist a widow with medical premiums with a six month review. There was no discussion or objections.
Motion carried to assist a widow with medical premiums with a six month review.
The committee recommends and I so move to assist a member with a stair lift for his wife. There was no discussion or objections.
Motion carried to assist a member with a stair lift for his wife.
DONATIONS TO WIDOWS, ORPHANS & DISABLED FIREMEN’S FUND
- ROGER W. SCHMITZ
- DANA CRUTCHFIELD
- EUGENE M. FRANCIK
- MATTHEW ROLSTON
- LEO M. MARSHALL
- ALVIN R. RUDDICK
- BILLY D. CHRISTIAN in appreciation for all the hard work the Relief and Trustees do
- BARBARA D. ZULIANI in memory of my husband Fireboat Pilot Paul Zuliani
- GENE A. GEER in memory of Chuck Robson
- FIRE STATION NO. 71 from our Fire Extinguisher Fund
- RENO A. ZULIANI in memory of Paul Zuliani
- FIRE STATION NO. 13 from our Fire Extinguisher Fund
- LAWRENCE D. BURGER
- STEPHEN H. CONWELL
- MABEL C. BAKER in memory of my husband Capt. Ariel R. Baker
- DAN DOWNEN in memory of Stella “Piest” Temby
- NANCY N. BELL in honor of Capt. Gil Reyna’s birthday
- KENNETH BLIZZARD in memory of our sons Tom & Ken
- GUY C. MILLER in memory of my loving wife Janet
- FIRE STATION NO. 109 from our Fire Extinguisher Fund
- KAREN A. LARSON in memory of our father Robert C. Hedges from his children Karen, Bob, and Kris
- FIRE STATION NO. 5 from our Extinguisher Fire Fund
- FIRE STATION NO. 77 from our Fire Extinguisher Fund
- FIRE STATION NO. 101 from our Fire Extinguisher Fund
- FIRE STATION NO. 75 from our Fire Extinguisher Fund
- JOHN C. McKILLIP in memory of Captain Tony & Antoinette DiDomenico
- CARLYN F. BENJAMIN
- DAVID TAYLOR on behalf of Ken Buzzell
- CLIFFORD LEE in honor of Capt. Gil Reyna’s birthday
- GORDON A. WARNOCK in memory of Chuck Robson
- FIRE STATION NO. 59 from our Fire Extinguisher Fund
- MARIE D. SHAFER
- RICHARD E. ALLEN in memory of Ron Borst
- FIRE STATION NO. 112 from our Fire Extinguisher Fund
- CATHERINE M. NAEGLE TTE in memory of Frank Gunther
- DAVID LALLY
- GEORGE F. DEMOTT in memory of Elvis Harrison
- MICHAEL T. MITCHELL
- LYNN A. WEIGEL
- FIRE STATION NO. 111 from our Fire Extinguisher Fund
- FIRE STATION NO. 49 from our Fire Extingusher Fund
- FIRE STATION NO. 95 from our Fire Extinguisher Fund
- MIKE CONNOLLY
- THOMAS STIMISON
- RUDY CONCHA
- BRUCE A. FROUDE
EMERGENCY ADVANCEMENTS
Chairman James Coburn presented the following motion.
The committee recommends and I so move to advance a member $76,828 for tax relief. There was no discussion or objections.
Motion carried to advance a member $76,828 for tax relief.
The committee recommends and I so move to advance a member $2,000 per month with a six month review plus a one-time advance of $4,000 for down payment on a vehicle. There was no discussion or objections.
Motion carried to advance a member $2,000 per month with a six month review plus a one-time advance of $4,000 for a down payment on a vehicle.
The committee recommends and I so move to advance a member with $15,000 for back and future mortgage payments. There was no discussion or objections.
Motion carried to advance a member with $15,000 for back and future mortgage payments.
The committee recommends and I so move to advance a member $9,558. There was no discussion or objections.
Motion carried to advance a member $9,558.
MEDICAL COMMITTEE REPORT
Chairman Michael Overholser presented the following motions.
The committee recommends and I so move to accept the Applications to the Medical Plan. There was no discussion or objections.
Motion carried to accept the Applications to the Medical Plan.
Chairman Michael Overholser presented the Board with a sample packet of what will be given to new recruits. He mentioned that it contained information about the plan, sign-up material and coordination of benefits. He stated that the packets will be given the night before at orientation and will have their name placed on the packet. He also mentioned that the packet contains comparison of LAFRA’s plan verses UFLAC’s plan.
MEDICAL APPLICATIONS TO THE FIRE MEDICAL PLAN FOR BOARD OF TRUSTEES APPROVAL
February 14, 2008
ACTIVE
MEMBER APPLICANTS COMING ON PLAN EFFECTIVE DATE
- Byrne, Leo Peter Byrne, Ciaran Padraig (Son) 12/7/07
- Campanella, Philip B. Campanela, Sophia L. (Dtr.) 12/10/07
- Crawford, Andrew Michael Bigelow, Michelle Lea (Dom. Partner) 3/1/08
- Czubek, James Charles Czubek, Kylie S. (Dtr.) 12/15/07
- Escalante, Jeffrey A. Escalante, Ava J. (Dtr.) 1/12/08
- Felix, Gabriel J. Felix, Blake Michael (Son) 12/21/07
- Field, Joseph D. Field, Troy J. (Son) 10/21/07
- Flores, Daniel Wayne Flores, Lisa S. (Spouse) 1212/07
- Garcia, Cesar A. Del Valle-Garcia, Alex Mikel (Son) 1/2/08
- Grote, Ronald William Grote, Jack (Son) 12/4/07
- Hernandez, Richard Hernandez, Allison Hailey (Dtr.) 12/27/07
- Hsieh, Henry Hsieh, Jayden P. (Son) 1/24/08
- Levine, Brian Michael Levine, Amy Michelle (Spouse) 3/1/08
- Lopez, Gabriel Lopez, Amy Renee (Spouse) 2/1/08
- Makovy, Alexander Omar Makovy, Lori Ann (Spouse) 1/1/08
- Malinofsky, Brian Alan Malinofsky, Tucker Robert (Son) 11/30/07
- McCracken, Mark Gordon McCraken, Emma G. (Dtr.) 1/6/08
- Ochoa, Gerardo Espinal ,Anna (Spouse) 2/1/08
- Sebourn, Christopher M. Sebourn, McKenzie Jane (Dtr.) 2/1/08
- Steinman, David Steinman, Addison (Dtr.) 12/17/07
- Tukua, Shawn Robert Tukua, Brandon O. (Son) 12/21/07
- Tukua, Brody Craig (Son) 12/31/07
- Vargas, Carlos Vargas, Alice (Spouse) 3/1/08
- Wikstrom, Mattias Kemp, Niki (Dom. Partner) 1/1/08
- Wilkinson, Joseph Matthew Wilkinson, Vivian Iris (Dtr.) 12/12/07
ACTIVE ROOKIES
MEMBER APPLICANTS COMING ON PLAN EFFECTIVE DATE
- Acevedo, Erick Gregory Self 1/1/08
- Ahern-Price, Patrick I. Self 1/1/08
- Canata, Anthony Self 1/1/08
- Carson, Dustin Self 1/1/08
- Catalano, Michael J. Self 1/1/08
- Cortinas, Daniel Jesus Self 1/1/08
- Gandara, Daniel Self 1/1/08
- Gunzel, Chrstian Self 1/1/08
- Harer, Timothy P. Self 1/1/08
- Hill, Brandon Anthony Self 1/1/08
- Joseph, Sloane L. Self 1/1/08
- Kang, Eugene Self 1/1/08
- Kropf, Christopher K. Self 1/1/08
- Leong, Vincent Self 1/1/08
- Mandich, Patrick H. Self 1/1/08
- Marazinko, Steven Self 1/1/08
- Maxwell, Meredith Self 1/1/08
- Maxwell, Brittaney (Spouse) 1/1/08
- Meichtry, Matthew Self 1/1/08
- Miller, Clint M. Self 1/1/08
- Parker, Jason Self 1/1/08
- Peterson, Keri Self 1/1/08
- Rapoza, Matthew P. Self 1/1/08
- Riley, Christian Everett Self 1/1/08
- Riley, Jennifer M. (Spouse) 1/1/08
- Rodrigues, Justino J. Self 1/1/08
- Rodrigues, Alyssa J. (Dtr.) 1/1/08
- Ochoa, Yesica I. (Spouse) 1/1/08
- Ryan, Jacob V. Self 1/1/08
- Schibsted, Jonathan A. Self 1/1/08
- Schibsted, Summer Lynn (Spouse) 1/1/08
- Spencer, Matthew M. Self 1/1/08
- Sundstrom, Maureen Self 1/1/08
- Valdez, Tavis Self 1/1/08
- Vandergeest, Mackenzie J. Self 1/1/08
- Veliz, Jose E. Self 1/1/08
- Hoffman, Janis L. (Spouse) 1/1/08
- Weber, David Christopher Self 1/1/08
- Yoshihashi, Daryl Self 1/1/08
- Zoltan, Miguel Nagy Self 1/1/08
BY-LAWS COMMITTEE REPORT
Chairman Warren Braun stated that he was going to need several volunteers to help review and re-write the By-laws. He indicated that the deadline to submit the revised by-laws is July Board meeting.
GRAPEVINE COMMITTEE REPORT
Chairman Chris Hart asked how many Trustees would like to have their Grapevine Magazine available on the website instead of mailed to them. He mentioned that there have been several discussions on the substantial cost to produce the publication and the need to increase ad fees and/or reduce the number of pages.
He mentioned the website and indicated that they continue to work on updating and making it better. He also mentioned that they would like to find a new web designer that can meet the demands for marketing purposes and are in the process of building a request for proposal.
SPECIAL EVENTS
Chairman David Ortiz thanked the many members that showed up to the “Move Your Tail” event at the Rose Bowl in Pasadena. He mentioned that the Pasadena Fire Department showed tremendous support and the event was a good turn out. He also mentioned up coming events and asked Trustees to volunteer as much as possible.
SCHOLARSHIP COMMITTEE
President Marino mentioned that they need a couple of volunteers for grading the essays. He indicated that the exam will be held at Frank Hotchkins.
NEW BUSINESS
Trustee Juan Albarran motioned to approve up to 200 additional patches for the cool vests up to $400 for the soldiers overseas. There was no discussion or objections.
Motion carried to approve up to 200 additional patches for the cool vests for the soldiers overseas.
SETTING DATES
1) Firefighter of the Year Luncheon – March 20th
2) Scholarship Program Deadline – March 31st
3) Softball Tournament – May 7th
4) Grass Valley Reunion – May 12th – 18th 2008
5) Hope for Firefighters – June 5th
6) LAFD Invitational Golf Tournament – July 28th
7) Chili Cook Off – November 22, 2008 (7:00a.m. – 2:00p.m)
RETIREMENT DINNERS
1) James Thornton – March 20, 2008 The Historic Mayfair Hotel
2) Kenneth Murray – March 25, 2008 The New Otani Hotel
3) Bill Carter – April 3, 2008 94th Aero Squadron
4) Brent Hogue – April 6th Invitation Only
5) Gregory King – April 11, 2008 The Proud Bird Restaurant
6) Isaac Burks – April 16, 2008 Renaissance Hollywood Hotel
7) Bob Haffner & Gary Sauck – June 13, 2008 John Christman’s Home
8) Steve Montiel – June 21, 2008 TBA
ADJOURNMENT
President David Marino entertained a motion to adjourn. Trustee Warren Braun so moved. Trustee Juan Albarran seconded the motion. There was no discussion and no objections.
Motion carried to adjourn.
The Board of Trustees meeting adjourned at 1:30p.m.
David Marino, President
