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June 20, 2018

June 20, 2018

Municipal Stability Board

June 20, 2018

Meeting Minutes

  1. Call to Order
    1. Chairman Eric Scorsone called the meeting to order at 10:00 a.m.
  2. Roll Call
    1. Members Present – 3
      1. Eric Scorsone
      2. Daryl Delabbio
      3. Barry Howard
    2. Let the record show that 3 Board members eligible to vote were present. A quorum was present.
  3. Approval of Minutes
    1. Motion was made to approve the minutes regarding May 18, 2018 board meeting.
    2. Motion moved by B. Howard to amend the meeting schedule to strike the September and November dates from the schedule due to scheduling conflicts, supported by D. Delabbio, the Board unanimously approved to amend the meeting schedule. 3 ayes, 0 nays.
    3. Motion was made to approve the amended minutes regarding May 18, 2018 board meeting.
    4. Motion moved by D. Delabbio and supported by B. Howard, the Board unanimously approved the amended minutes. 3 ayes, 0 nays.
  4. Public Comment
    1. No public comment.
  5. Review of the Agenda
    1. Kevin Kubacki reviewed the prepared agenda with the board. No questions were asked.
  6. Old Business
    1. There was no old business.
  7. New Business
    1. PA 202 Treasury Update
      1. Kevin Kubacki and Dan Horn provided a Public Act 202 Treasury Update to the board. Mr. Kubacki and Mr. Horn addressed questions from the board. Additional information about the Waiver process will be provided at the July meeting.
    2. Receipt of Corrective Action Plans
      1. Kevin Kubacki and Dan Horn provided the corrective actions plans to the board. There were three corrective action plans. The board has 45 days from receipt to approve or deny the CAP’s. The decision is to be made at the next board meeting on July 18, 2018.
      2. Motion moved to receive the corrective action plans by D. Delabbio and supported by B. Howard, the Board unanimously approved the designation. 3 ayes, 0 nays.
  8. Public Comment
    1. No public comment.
  9. Next Meeting
    1. Next regular meeting will be on July 18, 2018 with hope to have a study session in July regarding the waiver process. No questions from the board.
  10. Adjournment
    1. Motion made to adjourn. Motion moved by B. Howard and supported by D. Delabbio, the Board approved to motion to adjourn.
    2. There being no further business, the meeting adjourned at 10:30 a.m.