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Follow Up Flag: Follow up Flag Status: Completed 1. Any changes, please send directly to me PLEASE 2. Achievements in each community will be added and they will be listed first Angela Dempkowski | Senior Executive Management Assistant/Treasury State of Michigan | 430 W. Allegan Street, ist Floor | Lansing, MI 48922 (517) 373-4415 | (517) 373-0633 (fax) dempkowskia@ michigan.gov = Think Green! Don't print this e-mail unless you need to. CONFIDENTIALITY NOTICE: This e-mail, and any attachments, is for the sole use of the intended recipient(s) and may contain information that is confidential and protected from disclosure under the law. Any unauthorized review, use, disclosure, or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail, and delete/destroy all copres of the original message and attachments. Thank you xxxEND_PAGE:treasury01_b15_1861_2098_005 EMERGENCY MANAGER COMMUNITIES: City of Allen Park Emergency Manager anticipated exit - September 26, 2014 Resolve retiree healthcare litigation Reduce OPEB liabilities by $550,000 annually Restructure movie studio debt; offers to purchase the Southfield lease properties (consisting of 104 acres and the occupied building having approximately 773,000 square feet) have been received and are under review Complete bond tender offer Property values are projected to increase by 5.29% City of Benton Harbor Emergency Manager exit - February 28, 2014 $2.3-million emergency loan approved to pay delinquent accounts payable totaling $2.3 million City Manager appointed City of Detroit e Emergency Manager anticipated exit - September 26, 2014 © Property values are projected to decline by 14.79% e Resolve Chapter 9 Bankruptcy e Restructure DWSD to a Regional Authority City of Flint Emergency Manager anticipated exit ~ April 8, 2015 Has reduced OPEB liabilities by $500 million; continue to reduce remaining $400 million Obtain favorable decision in lawsuit challenging changes to retiree healthcare; retiree healthcare cost is $5 million after the 6™ Circuit Court stayed the temporary restraining order Resolve Public Safety funding as a result of certain federal grants expiring during FY 15 Construct Karegnondi Water Authority pipeline; necessary to resolve ongoing and costly issues with current service provider CRIME 1S DOWN AT WHAT PERCENT? City of Hamtramck Emergency Manager anticipated exit - January 1, 2015 As part of its overall financial strategy, resolve $2.1 million liability to MERS through issuance of an emergency loan Hire City Manager xxxEND_PAGE:treasury01_b15_1861_2098_006 Pleyte, Beth (Ti reasury) ,