GOVERNMENT EMPLOYEES’ RETIREMENT SYSTEM 
OF THE VIRGIN ISLANDS 
SPECIAL MEETING OF THE BOARD OF TRUSTEES 
 
St. Thomas GERS Conference Room 
Friday, April 1, 2022 
10:00 am 
** AGENDA ** 
I. 
Call to Order 
II. 
Roll Call 
III. 
EXECUTIVE SESSION 
This portion of the meeting will be closed to the public for matters pertaining to trade secrets / or 
financial or commercial information/ or personal/ or legal matters; or matters whose premature 
disclosure will frustrate the implementation of the proposed agency action.  
A. Unfinished Business 
      (i). Consideration of Proposed Havensight Mall Lease Terms 
IV.  
REGULAR SESSION 
V. 
Privileges of the Floor  
 
VI.      Adjournment  
 
GOVERNMENT EMPLOYEES’ RETIREMENT SYSTEM   
MINUTES BOARD OF TRUSTEES SPECIAL MEETING  
                  April 1, 2022 
1 
   
 
 
 
 
A Special Meeting of the Board of Trustees was held on April 1, 2022 and was called to order at 
10:11am. The meeting was held at the St. Thomas Conference Room and via Zoom. At roll call, 
Trustees present were Trustees Callwood,  Dorsey, Liger, Russell, Smith, and Bowry. Trustee not 
present during the roll call was McDonald. A quorum was established with 6 voting trustees present 
and 1 absent (McDonald).  
 
Staff in attendance:  Austin Nibbs, Administrator, Cathy Smith, General Counsel, Ishmael Meyers, 
Deputy General Counsel, and Nikia Coley, Administrative Assistant to the Board of Trustees. 
Asiah Clendinen Gumbs, Chief Operating Officer joined later in the meeting.  
 
Also, present in the meeting were Pedro K. Williams, Board Counsel and Desiree Hill, 
Stenographer via Zoom. 
 
A motion was made by Trustee Callwood and seconded by Trustee Smith to go into Executive 
Session to discuss matters pertaining to the term sheet with Haven Development LLC (Shaun 
Miller) regarding the proposed hotel development at the Havensight Mall. The motion passed 6 
yes (Callwood, Dorsey, Liger, Russell, Smith, and Bowry) and 1 absent (McDonald). 
 
Executive Session. 
A motion was made by Trustee Callwood and seconded by Trustee Smith to come out of Executive 
Session. The motion passed 6 yes (Callwood, Dorsey, Liger, Russell, Smith, and Bowry) and 1 
absent (McDonald). 
 
Regular Session. 
The Board reported out that the term sheet between GERS and Haven Development LLC was 
accepted to incorporate amendments agree to between Haven Development LLC (Shaun Miller) 
and GERS. The motion made in Executive Session was by Trustee Callwood and seconded by 
Trustee Russell. The motion passed 5 yes (Callwood, Liger, Russell, Smith, and Bowry), 1 no 
(Dorsey), and 1absent (McDonald).  
 
A motion was made by Trustee Callwood and seconded by Trustee Dorsey to adjourn the meeting. 
The motion passed 5 yes (Callwood, Dorsey, Liger, Russell, and Bowry) and 2 absent (McDonald 
and Smith). 
 
The meeting adjourned at approximately 11:35am. 
 
 
___________________________ 
Austin L. Nibbs, CPA, CGMA 
Administrator/CEO 
Secretary, GERS Board of Trustees