July 28, 2025

Detroit Financial Review Commission

CITY of DETROIT REGULAR MEETING

Monday, July 28, 2025, at 1:00 p.m.

Via Microsoft Teams

MINUTES

1. Call to Order
   1. Chairman, Kevin A. Smith called the meeting to order at 1:00 p.m.
2. Roll Call
   1. Let the record show a quorum was present.
3. Approval of the Proposed Minutes from June 30, 2025, Regular City Meeting
   1. Motion made by Commissioner Rose and supported by Commissioner Berry to approve the minutes of the commission’s June 30, 2025, city meeting.  The commission approved the minutes as presented.     
4. Executive Director’s Report
   1. Patrick Dostine, Executive Director, informed the meeting that the city of Detroit remains in good standing with the financial review commission. After reviewing the financial report for the month ending May 2025, the city remains in compliance with all FRC resolutions and statutes relevant to its waiver.
   2. He further informed the meeting that the city filed a status report on the bankruptcy case with the bankruptcy court on June 9. The city believes this case is nearly complete. There are two tasks left to do: distribute B notes to class 14 claim holders, and there are a few class 15 claims that remain to be paid. What held up the distribution of the B notes was the Richard Wershe’s lawsuit that was appealed up the U.S. Supreme Court and finally resolved in January. The bankruptcy court may very well close the case in December.
5. Old Business
   1. None
6. City’s Financial Report for May 31, 2025 – FYI Only
   1. Acting Budget Director, Donnie Johnson and Deputy Treasurer, Valerie Agolli in the OCFO’s office gave an overview of the above-mentioned financial report and addressed questions from the commissioners.
7. Public Comment
   1. Michelle George
   2. William Davis
8. Next Meeting Date
   1. City Regular Meeting: Monday, August 25, 2025, at 1:00 pm. using Microsoft Teams.
9. 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 1:22 p.m.

Roll Call

Members Present – 6

• Hakim Berry
• David Blaskiewicz
• Ron Rose
• Kevin A. Smith
• Tanya Stoudemire
• John Walsh

Members Absent –5

• Dr. J. Barnwell
• Jen Flood
• Mary Sheffield
• Dr. Nicholai Vitti (non-voting)
• Bishop Dr. Vaughn (non-voting)