2002.02.12_FAB_Minutes_Regulari
• FINANCIAL ADVISORY BOARD
REGULAR MEETING
MINUTES
Tuesday, February 12 2002 2.30 P.M.
Chairman Felix R. Goldenson called the Quarterly Meeting to order at 10:00 A.M. in
Town Hall Conference Room. In attendance were Chairman Goldenson and members
Byron R. McKinley, Alan Teller and John R. De Marco. Vice -Chair Marianne Salibello
was absent. Also present were Town Manager Ben Saag, Finance Director Stan Novak,
and members of the general public.
APPROVAL OF MINUTES
Upon MOTION by MR. McKINLEY/MR. De MARCO, the minutes of the December 11,
2001 Regular Meeting were unanimously approved.
NEW BUSINESS
Election of Officers for 2002
• Upon MOTION by Mr. Goldenson/Mr. McKinley, MARIANNE SALIBELLO was
unanimously elected as CHAIRPERSON.
Upon MOTION by Mr. De Marco/Mr. Teller, BYRON R. McKINLEY was unanimously
voted as Vice -Chairman.
Banking Services Presentations
The Board heard banking presentations from Bank Atlantic, Bank of America (via
conference call) and Fidelity Federal. By unanimous vote, the Banks were ranked as
follows:
1.
Fidelity Federal
2.
Bank Atlantic
3.
Bank of America
A memorandum will be transmitted to the Town Commission with the Board's
recommendation.
ADJOURNMENT
With no further business to come before the Board, MOTION to adjourn was made by
MR. DEMARCO/MR. MCKINLEY at 11:15 A.M.
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Financial Advisory Board
February 12, 2002
APPROVAL
Felix R. Goldenson, Ch.
Marianne Salibello, V.CH.
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McKinley
Attest:
Date: — `Ur
Allan Teller
R.' De Marco