Detroit FRC City Meeting Approved Minutes 6-29-2020

Detroit Financial Review Commission

REGULAR CITY MEETING

Monday, June 29, 2019 at 1:00 p.m.

Using: Microsoft Teams

MINUTES

Approved: July 27, 2020

1. Call to Order
   1. Madam Chair, Rachael Eubanks called the meeting to order at 1:00 p.m.
2. Roll Call

Members Present – 7

• Rachael Eubanks
• Stacy Fox
• Chris Kolb
• David Massaron
• David Nicholson
• Ronald Rose
• Iris Taylor (non-voting)
• John Walsh

Members Absent – 4

• Brenda Jones
• Nicholai Vitti (non-voting)

Let the record show that 7 Commission members eligible to vote were present. A quorum was present.

3. Approval of proposed Minutes from the May 18, 2020 Regular City Meeting
   1. Motion made to approve the draft minutes of the Commission’s City Meeting as presented. Motion moved and supported; the Commission approved the minutes of the above City meeting as presented.
4. Approval of proposed Minutes from the June 8, 2020 FRC Special City Meeting
   1. Motion made to approve the draft minutes of the Commission’s Special City Meeting as presented. Motion moved and supported; the Commission approved the minutes of the above Special City Meeting as presented.
5. Executive Director’s Report`
   1. Patrick Dostine stated that based upon the city’s monthly financial report for the 10 months ending April 30, 2020, the city continues to implement its comprehensive response necessary due to the COVID-19 outbreak.
   2. In addition, the city is making its scheduled payments to the retirement protection fund and debt obligations. Also, the city is taking a budget amendment for FY 20 to city council where it is anticipated to pass. The budget amendment was unanimously supported in the budget and finance committee. The amendment will clean up the FY 20 budget and therefore prevent any audit findings and keep the city in compliance with PA 2. He further stated that at today’s meeting the commission is taking up for consideration the year-three waiver, and noted that over the course of the year, the city has routinely submitted the reports as memorialized in resolution 2018-13, Sec. 3. These monthly, quarterly and annual reports and data served to inform the commission on statutory benchmarks required of the city, as well as financial, operational, and administrative progressions. The finance committee and contracts committee were also convened which advantaged commission members with additional data and analyses, and opportunities to engage with city staff on matters of finance and operations. Sec. 8 of Act 181 sets forth the conditions that, if met, require the FRC to adopt a resolution granting a waiver. He stated that the city has met the conditions necessary for a third waiver.
6. Old Business – None
7. New Business
   1. Consideration of the City’s requests to approve 3 deficit free budgets and compliance with Michigan Financial review Commission’s Act per MCL 141.1638 (g) (FRC Resolution 2020-2)
      1. Motion made to approve the City’s 3 deficit free budgets requests and compliance with Michigan Financial Review Commission’s Act (FRC City Resolution 2020-2) as presented. Motion moved and approved. The Commission approved City Resolution 2020-2 as presented.
   2. Consideration of the City’s requests to approve granting a waiver per MCL 141.1638 (2) (FRC Resolution 2020-3)
      1. Motion made to approve the City’s waiver request (FRC City Resolution 2020-3) as presented. Motion moved and approved. The Commission approved City Resolution 2020-3 as presented.
   3. Review of FRC’s certifications with Public Act 181 and Waiver Conditions in PA 181, Section 8 (2)
      1. The Commission reviewed and discussed the above-mentioned certification and waiver conditions.
8. Public Comment
   1. Michelle George
9. Next Meeting Date
   1. City Regular Meeting: Monday, July 27, 2020 at 1:00 p.m. using Microsoft Teams
10. Adjournment
    1. Motion made to adjourn. Motion moved and supported, the Commission approved the motion to adjourn. There being no further business, the meeting adjourned at 1:26 p.m.

FRC Committee Monthly Meeting

City of Detroit

Resolution Roll Call

Monday, June  29, 2020

Signed by:___Beverly C. Greaves____________                                                                                                                         Date:____6-29-2020___

Beverly C. Greaves- Secretary