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Detroit FRC Draft City Meeting Minutes 5-18-2020
Detroit Financial Review Commission
CITY REGULAR MEETING
Monday, May 18, 2020 at 1:00 p.m.
Remotely Using Microsoft Teams
I. Call to Order
Chairperson, Rachael Eubanks called the meeting to order 1:00 p.m.
II. Roll Call
- Members Present - 8
- Rachael Eubanks
- Stacy Fox
- David Nicholson
- Brenda Jones
- Chris Kolb
- Ron Rose
- Iris Taylor (non-voting)
- John Walsh
- Members Absent – 2
- Dave Massaron
- Nicholai Vitti (non-voting)
Let the record show that Seven (7) Commission members eligible to vote were present, A quorum was present.
Approval of the Proposed Minutes from the April 27, 2020 Regular City Meeting
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.
III. Executive Director’s Report
Patrick Dostine Executive Director, informed the meeting that after review of the City’s financial reports for the period ending March 31, 2020, the City continues along its path of a deficit-free budget, is not projecting a deficit, and continues to make all its bond debt and legacy cost payments.There is no reason to consider rescinding the waiver at this time.
IV. Old and New Business
Old Business – None
New Business - None
V. Public Comment - None
VI. Next Meeting Date
City Regular Meeting: Monday, June 29, 2020 at 1:00 p.m. (venue to be determined)
Motion made to adjourn. Motion moved and supported; the Commission approved the motion to adjourn.
There being no further business, the meeting adjourned at 1:09 p.m.