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May 18, 2018

May 18, 2018

Municipal Stability Board

May 18, 2018

Meeting Minutes

Approved June 20, 2018

  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. Introduction
    1. All Board Members introduced themselves.
  4. Agenda
    1. Motion made to approve the agenda.
    2. Motion moved by D. Delabbio and supported by B. Howard, the Board unanimously approved the agenda. 3 ayes, 0 nays.
  5. Correspondence
    1. Motion made to receive and file the State Treasurer’s waiver results memo and corrective action plan template forms developed by Treasury.
    2. Motion moved by D. Delabbio and supported by B. Howard, the Board unanimously approved the agenda. 3 ayes, 0 nays.
  6. Public Act 202 of 2017 Overview
    1. Chairman Eric Scorsone – Public Act 202 of 2017, the Protecting Local Government Retirement and Benefits Act (the Act), was enacted into law on December 20, 2017. The bill establishes new reporting and funding requirements for local units of government that provide defined benefit style pension plans and/or retiree healthcare benefits. The Department of Treasury is charged with implementing an evaluation system to monitor the fiscal health of these retirement systems and identify those local units of government with a retirement system that has been determined “underfunded” (as defined in the Act). The local unit may then apply for a waiver of the underfunded status determination. If the Treasurer does not issue a waiver, the local unit will be referred to the newly created Municipal Stability Board (MSB) to address corrective actions.
    2. Dan Horn and Kevin Kubacki made a presentation to the Board on Public Act 202 of 2017 overview.
  7. Old Business
    1. There was no old business as this was the first MSB meeting.
  8. New Business
    1. Consideration of Resolution 2018-1 (Bylaws)
      1. Motion made to approve Resolution 2018-1 to adopt the Bylaws.
      2. Motion moved by D. Delabbio and B. Howard moved to amend the Bylaws section reference for the Board chairman. The amended Bylaws were unanimously approved. 3 ayes, 0 nays.
    2. Consideration of Resolution 2018-2 (Designating Certain Persons to Serve as Secretary for the Municipal Stability Board)
      1. Motion made to approve Resolution 2018-2 to designate the secretary for the Municipal Stability Board.
      2. Motion moved by D. Delabbio and supported by B. Howard, the Board Unanimously approved the designation. 3 ayes, 0 nays.
    3. Consideration of Resolution 2018-3 (Ethics Policy)
      1. Motion made to approve Resolution 2018-3 to adopt the Ethics Policy.
      2. Motion moved by D. Delabbio and supported by B. Howard, the Board unanimously approved the Ethics Policy. 3 ayes, 0 nays.
    4. Consideration of Resolution 2018-4 (Public Comment Policy)
      1. Motion made to approve Resolution 2018-4 to adopt the Public Comment Policy.
      2. Motion moved by D. Delabbio and supported by B. Howard, the Board unanimously approved the Public Comment Policy. 3 ayes, 0 nays.
    5. Consideration of Resolution 2018-5 (Consent Agenda Policy)
      1. Motion made to approve Resolution 2018-5 to adopt the Consent Agenda Policy
      2. Motion moved by D. Delabbio and B. Howard moved to amend the Consent Agenda Policy to state that any Board member shall decide where to place an item on the agenda that is to be moved out of the consent agenda. The amended Consent Agenda Policy was unanimously approved. 3 ayes, 0 nays.
    6. Consideration of Resolution 2018-6 (2018 Meeting Schedule)
      1. Motion to approve Resolution 2018-6 to approve and adopt the notice of regular meetings of the Municipal Stability Board for 2018.
      2. Motion moved by B. Howard to change the September and November dates due to scheduling conflicts and supported by D. Delabbio, the Board unanimously approved the 2018 Meeting Schedule upon amendment. 3 ayes. 0 nays.
  9. Public Comment
    1. No public comment.
  10. Board Comment
    1. Barry Howard is honored to be on the Municipal Stability Board and would like everyone to keep in mind of the laws in place. Daryl Delabbio would like to ditto what Barry Howard said and is happy to be on the Municipal Stability Board. He would like to make it known that this is a critical board for all local governments.
  11. Adjournment
    1. Motion made to adjourn. Motion moved by D. Delabbio and supported by B. Howard, the Board approved to motion to adjourn.
    2. There being no further business, the meeting adjourned at 10:52 a.m.