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Detroit FRC City Meeting Minutes 9-28-2020

Detroit Financial Review Commission


Monday, September 28, 2020 at 1:00 p.m.

Remotely Using Microsoft Teams


Approved: October 26, 2020

  1. Call to Order
  • Chairperson, Rachael Eubanks called the meeting to order 1:07 p.m.
  1. Roll Call

Members Present -7

  • Rachael Eubanks
  • Stacy Fox
  • Brenda Jones
  • Dave Massaron
  • Chris Kolb
  • Nicholai Vitti (non-voting)
  • John Walsh

Members Absent –3

  • David Nicholson
  • Ron Rose
  • Iris Taylor (non-voting)

Let the record show that six (6) Commission members eligible to vote were present, A quorum was present.

  1. Approval of the Proposed Minutes from the August 31, 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.
  2. Executive Director’s Report
    1. Patrick Dostine, Executive Director, informed the meeting that in reviewing the City’s monthly report, ending July 1, 2020, the city continues to pay its debt obligations, remains in compliance, and there is no reason to consider rescinding the waiver at this time.
  3.  Old Business
    1. None
  4. New Business
    1. None
  5. Public Comment
    1. None
  6. Next Meeting Date
    1. City Regular Meeting: Monday, October 26, 2020 at 1:00 pm, remotely via Microsoft Teams.
  7. Adjournment
    1. Motion made to adjourn. Motion moved and supported; the Commission approved the motion to adjourn.
    2. There being no further business, the meeting adjourned at 1:14 p.m.

FRC Committee Monthly Meeting

City of Detroit

Resolution Roll Call

Monday, September 28, 2020

FRC 9/28/2020


(city of Detroit)

FRC/City of Detroit Resolution


(Approving the City’s requests to issue $80 million in UTGO Capital Bonds)

Roll Call

Ms. Eubanks


Ms. Fox


Ms. Jones


Mr. Kolb


Mr. Massaron


Mr. Nicholson


Mr. Rose


Mr. Walsh


Signed: Beverly C. Greaves

Date:  9-28-2020