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15-2770
| 1 | 1. | | Communication or Report | Status of Detroit Entertainment Commission submitting report relative to the Detroit Entertainment Commission 2015 Annual Report. (The Commissioner voted to develop a sub - committee structure that will maximize commissioner’s individual strengths, allow for a simplified workflow, and increase accountability. The sub - committee structure is detailed as follows: Marketing/ Community Outreach/ Education, Municipal Grant Research & Development Committee, Public Art Ordinance Workgroup, Community Advocacy & Talent Development, Spirit of Entertainment Awards & Committee, Event Evaluation & Advisory Committee and Policy Analysis & Advisory Committee) (BROUGHT BACK AS DIRECTED ON 6-8-16) | | |
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15-2771
| 1 | 2. | | Communication or Report | Status of Council Member Janee Ayers submitting memorandum relative to request for New Bidding Process for Service Contracts. (BROUGHT BACK AS DIRECTED ON 5-18-16) | | |
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15-2772
| 1 | 3. | | Communication or Report | Status of Council President Brenda Jones submitting memorandum relative to Demolition Audit Update. (BROUGHT BACK AS DIRECTED ON 5-25-16) | | |
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15-2773
| 1 | 4. | | Communication or Report | Status of Council President Brenda Jones requesting a report on the Income Tax Benefits received by the City of Detroit in the last 20 years through the establishment of the Neighborhood Enterprise Zones. (BROUGHT BACK AS DIRECTED ON 5-25-16) | | |
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15-2774
| 1 | 5. | | Contract | Submitting reso. autho. Contract No. 2911783 - 100% City Funding - To Provide Preparation of the City of Detroit’s, Comprehensive Annual Financial Report for FY 2015 - Contractor: Plante & Moran, PLLC, Location: 27400 Northwestern Hwy., Ann Arbor, MI 48104 - Contract Period: Upon FRC’s Approval through June 30, 2016 - Contract Increase: $133,911.00 - Total Contract Amount: $900,000.00. FINANCE (Amendment #1 is for increase of funds only. Original contract amount is $820,000.00 and original contract period is October 26, 2015 through June 30, 2016.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2775
| 1 | 6. | | Communication or Report | Submitting report relative to Philadelphia’s Longtime Owner Occupants Program. (The Legislative Policy Division (LPD) provides the following report in response to Council Member Mary Sheffield’s May 10, 2016 memorandum regarding the feasibility of implementing a Longtime Owner Occupants Program (LOOP) within the City of Detroit, similarly modeled after the LOOP program implemented in Philadelphia, Pennsylvania in 2015. The LOOP is a program structured to provide tax relief for those homeowners who have lived in their homes for 10 years or more and who have experienced a significant increase in their property assessment, i.e. a tripling of the property tax assessment from one year to the next.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2776
| 1 | 7. | | Communication or Report | Submitting report relative to Gaming Tax Revenue through April 2016. (Through ten months of the fiscal year the casinos have reported growth of 1.25% compared to the same time in the prior year. Through ten months of the fiscal year, MGM’s receipts are up by 2.28%, Motor City’s are up by 1.93% and Greektown’s are down by 1.41% compared with the first ten months of the prior fiscal year. Based on existing data, we are currently projecting a surplus of $5.1 million for the fiscal year for a total of $174.16 million.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2777
| 1 | 8. | | Resolution | Submitting reso. autho. City Council of the City of Detroit, County of Wayne, State of Michigan, authorizing the issuance by the City of Detroit of not to exceed $275,000,000 distributable state aid refunding bonds (unlimited tax general obligation), series 2016, in one or more sub-series, for the purpose of refunding all or a portion of the outstanding distributable state aid fourth lien restructured bonds (unlimited tax general obligation), series 2014 and all or a portion of the outstanding stub unlimited tax general obligation bonds; authorizing a sixth supplement to the outstanding master debt retirement trust indenture to secure repayment of said bonds; and authorizing and delegating to the finance director and other authorized officers to make certain determinations and to take certain actions in connection with the sale and delivery of said refunding bonds to the Michigan Finance Authority. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2778
| 1 | 9. | | Resolution | Submitting reso. autho. City Council of the City of Detroit, County of Wayne, State of Michigan, authorizing the issuance by the City of Detroit of not to exceed $385,000,000 distributable state aid refunding bonds (limited tax general obligation), series 2016, in one or more sub-series, for the purpose of refunding all or a portion of the city’s outstanding distributable state aid (limited tax) bonds, series 2010 and self-insurance distributable state aid third lien bonds (limited tax general obligation), series 2012; authorizing a seventh supplement to the outstanding master debt retirement trust indenture to secure repayment of said bonds; and authorizing and delegating to the finance director and other authorized officers to make certain determinations and to take certain actions in connection with the sale and delivery of said refunding bonds to the Michigan Finance Authority. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2779
| 1 | 10. | | Resolution | Submitting reso. autho. To amend the FY 2015-16 Budget. (The Office of the Chief Financial Officer requests authorization to amend the City of Detroit’s Fiscal Year 2015-16 Budget for the purpose of funding discretionary pension contributions. This is part of an overall strategy to address the increased pension liability that must be paid starting in 2024. This amendment will result in the following: Reduce Appropriation No. 13967/Non-Departmental-Contingency Funds/$10,000,000; Reduce Unassigned Fund Balance/Fiscal Year 2015-15/$20,000,000; Establish Revenue Appropriation No./13854 Non-Departmental-Discretionary Pension Contributions/$30,000,000; Establish Expense Appropriation No./13854 Non-Departmental-Discretionary Pension Contributions/$30,000,000.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2780
| 1 | 11. | | Resolution | Submitting reso. autho. Tax Statement. (In accordance with Section 18-2-24 of the City Code, the Office of the Chief Financial Officer - Office of Budget is submitting a statement of the amounts to be raised by taxation in Fiscal Year 2016-2017 formally known as the Tax Statement. Also, submitting is a 2% Limitation Statement based upon 2015 equalized valuations.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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15-2781
| 1 | 12. | | Communication or Report | Council Member Mary Sheffield submitting memorandum relative to Special Assessments for Neighborhood Capital Improvements. (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16) | | |
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