This web page has been established as a courtesy to provide public access to certain information of interest to holders of the following certificates of participation (COPs) issued by the Detroit Retirement Systems Funding Trust 2005 and the Detroit Retirement Systems Funding Trust 2006:
- Detroit Retirement Systems Funding Trust 2005 Certificates of Participation, Series 2005-A; and
- Detroit Retirement Systems Funding Trust 2006 Certificates of Participation, Series 2006-A and Series 2006-B.
The proceeds of the COPs were used to fund certain unfunded accrued actuarial liabilities of the General Retirement System of the City of Detroit and the Police and Fire Retirement System of the City of Detroit. Each certificate of participation represents an individual undivided proportionate interest in rights to receive certain payments (known as Funding Trust Receivables) to be made by the City of Detroit, Michigan, pursuant to two service contracts.
Wilmington Trust, National Association (WTNA) serves as trustee for the COPs. WTNA’s counsel, Drinker Biddle & Reath, LLP, has established this web page.
Certain public information has been posted to this web page and may be accessed by clicking on the links below. Additional public information may be posted from time to time. The web page is not sponsored or authorized by the City of Detroit.
That information is grouped by category. To access it, please use the links below:
- Court Pleadings and Orders (Main Bankruptcy Case)
- Notices to COPs Holders
Court Pleadings and Orders (Adversary Proceeding-- City of Detroit v. Detroit General Retirement System Service Corporation, et al., Case No. 14-4112)
- Plan Documents
- Proofs of Claim
- Court Pleadings and Orders (Adversary Proceeding - Gotham Motown Recovery, LLC v. City of Detroit, Case No. 18-4088)
Audio recordings (embedded in PDF files) of (1) the hearing on confirmation of the City’s proposed Plan for the Adjustment of Debts and (2) hearings in the Adversary Proceeding are available upon request to WTNA’s counsel.
Additional information regarding the chapter 9 bankruptcy case of the City of Detroit can be accessed by visiting the following website: http://www.kccllc.net/Detroit.