Detroit FRC City Meeting Agenda June 26, 2023

Detroit Financial Review Commission

REGULAR MEETING

Monday, June 26, 2023, at 1:00 p.m.

Remotely Using Microsoft Teams

AGENDA

1. Call to Order
2. Roll Call
3. Approval of Proposed Minutes from the May 22, 2023, FRC Monthly Meeting
4. Executive Director’s Report
5. Old Business
   1. None
6. New Business
   1. Consideration of the City’s request to approve (i) adoption and adherence to deficit free budgets for three consecutive years and (ii) compliance with Michigan Financial Review Commission’s Act per MCL 141.1638 (a) (g) (FRC Resolution 2023-1)
   2. Consideration of the City’s request to approve/extend a waiver per MCL 141.1638(2) (FRC Resolution 2023-2)
   3. City’s request to issue $25 million in UTGO Capital Bonds - Presentation
   4. Comments from the commissioners
   5. City’s Financial Report for the 10 months ended April 30, 2023 – FYI Only
      1. Consideration of the City’s request to issue $25 million in UTGO Capital Bonds (FRC Resolution 2023-3)
7. Public Comment
8. Next Meeting Date
   1. Monday, July 31, 2023, at 1:00 p.m. remotely using Microsoft Teams
9. Adjournment
   1. Meeting End: 1:40 p.m.