4970 CITY HALL BLVD  
NORTH PORT, FL 34286  
City of North Port  
Meeting Minutes  
Municipal Firefighters Pension Trust  
Fund Board of Trustees  
Thursday, December 11, 2025  
9:00 AM  
City Hall Room 244  
1. Call to Order  
Chair McCloud called the meeting to order at 9:00 a.m.  
2. Roll Call  
5 -  
Present  
Board Member Howard Bearse, Chair Terry McCloud, Board Member Scott Duff,  
Board Member Timothy M. Robinson, and Board Member David Hawes  
Also Present  
Staff Liaison Chrissy Stoker, Investment Consultant James Reno, Actuary Doug Lozen,  
Attorney Paul Donnelly (via Zoom), Board Specialist Tiffany Lindner, and Fire Chief Scott  
Titus.  
3. Pledge of Allegiance  
The Pledge of Allegiance was led by the Board.  
4. Public Comment  
Scott Titus: Spoke to statutory provisions related to firefighter pension benefits, survivor  
benefits, credited service calculations, and early retirement eligibility.  
Discussion took place regarding survivor benefit options, statutory provisions under  
Chapters 112 and 175, credited years of service calculations, early retirement eligibility,  
joint  
survivorship  
elections,  
cost-of-living  
adjustment  
considerations,  
fiduciary  
responsibilities of the Board, cancer presumption provisions, and compliance with local  
ordinance and Florida Statutes.  
5. Approval of Minutes  
25-2877  
A.  
Approve the September 19, 2025 Municipal Firefighters Pension Trust  
Fund Board of Trustees Meeting Minutes  
Chair McCloud announced the item and requested a motion.  
A motion was made by Board Member Duff, seconded by Board Member Bearse, to  
approve the Minutes as presented. The motion carried on the following vote:  
5 -  
Yes:  
Board Member Bearse, Chair McCloud, Board Member Duff, Board Member  
Robinson and Board Member Hawes  
6. Consent Agenda  
Chair McCloud announced the item.  
Ms. Stoker introduced the item and spoke to invoices, fees, and recent member activity.  
Chair McCloud requested a motion.  
A
motion was made by Board Member Robinson, seconded by Board Member  
Hawes, to approve the consent agenda as presented. The motion carried on the  
following vote:  
5 -  
Yes:  
Board Member Bearse, Chair McCloud, Board Member Duff, Board Member  
Robinson and Board Member Hawes  
26-0201  
26-0202  
26-0203  
Approve the Paid Invoices for Ratification  
A.  
B.  
C.  
This item was approved on the consent agenda.  
Approve the New Invoices for Payment Approval  
This item was approved on the consent agenda.  
Approve the Fund Activity Report for September 13, 2025, Through  
December 4, 2025  
This item was approved on the consent agenda.  
7. New Business  
26-0200  
Proposed Revision to the 2026 Meeting Dates  
A.  
Chair McCloud announced the item.  
Ms. Stoker spoke to holiday conflicts.  
Discussion took place regarding changing the March and June 2026 meeting dates.  
There was consensus to approve the March 13, 2026 and June 26, 2026 meeting  
dates as revised.  
26-0204  
Update on Trustee terms  
B.  
Ms. Stoker announced the item and spoke to vacancies and reappointment  
considerations.  
8. Reports (Attorney/Consultants)  
26-0205  
26-0206  
Mariner Institutional, James Reno, Investment Consultant  
A.  
Chair McCloud announced the item.  
Mr. Reno spoke to investment performance, market conditions, portfolio allocation,  
economic outlook, market trends, and investment strategy.  
No discussion took place.  
Donnelly & Gross, Paul Donnelly, Board Attorney (via Zoom)  
B.  
Chair McCloud announced the item.  
Mr. Donnelly spoke to follow-up communications regarding survivor benefit application  
processing.  
Discussion took place regarding scheduling a special emergency meeting.  
9. Old Business  
There was no old business.  
10. Staff Reports, Discussion, and Action  
26-0207  
Foster & Foster, Chrissy Stoker, Plan Administrator  
A.  
Chair McCloud announced the item.  
Ms. Stoker spoke to plan administration matters and Florida Public Pension Trustees  
Association (FPPTA) membership renewals.  
Chair McCloud requested a motion.  
A motion was made by Board Member Hawes, seconded by Board Member Duff, to  
continue the Board’s membership with the Florida Public Pension Trustees  
Association (FPPTA). The motion carried on the following vote:  
5 -  
Yes:  
Board Member Bearse, Chair McCloud, Board Member Duff, Board Member  
Robinson and Board Member Hawes  
11. Trustees' reports, discussion, and action  
26-0208  
Salem Trust  
A.  
Chair McCloud announced the item.  
Discussion took place regarding services and fund management.  
12. Next Meeting  
Chair McCloud announced the item.  
Discussion took place regarding scheduling special emergency meetings and future  
meeting dates.  
13. Public Comment  
14. Adjournment  
There was no public comment.  
Chair McCloud adjourned the meeting at 10:19 a.m.  
By: _____________________________  
Terry McCloud, Chair