HomeMy WebLinkAboutRes 35-83 08/16/1983
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RESOLUTION NO.
35-83
A RESOLUTION APPROVING RETURN OF FUNDS FROM
GOVERNMENTAL INTERINSURANCE EXCHANGE
WHEREAS, the Village of Mount Prospect is a participant in
the Governmental Interinsurance Exchange insurance and risk
management program, and
WHEREAS, the return of a part of the funds in an amount of
$233,545.00 to Owners of Record as of July 1, 1983 in
Governmental Interinsurance Exchange has been authorized by
The Governmental Interinsurance Exchange Advisory Committee,
The Director of Insurance of the State of Illinois, and
the Attorney-in-Fact of Governmental Interinsurance Exchange
on a pro-rata basis in the form of a return of Guaranty
Capital of Governmental Interinsurance Exchange, and
WHEREAS, the Village of Mount Prospect desires to accept such
funds from Governmental Interinsurance Exchange.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Village of Mount Prospect hereby approves
the return of funds of Governmental Interinsurance Exchange
in the form of Guaranty Capital in the amount of its pro-rata
share of the total $233,545 to return approved by the
Director of Insurance of the State of Illinois, the
Governmental Interinsurance Exchange Advisory Committee and
the Attorney-in-Fact of Governmental Interinsurance Exchange.
SECTION TWO: The Village Manager or his designate
is hereby authorized to execute the approval of the return
described above and all other documents as required by
Governmental Interinsurance Exchange for such returns.
SECTION THREE: That this Resolution shall be in full force
and effect from and after its passage and approval in the
manner provided by law.
AYES:
Arthur, Farley, Floros, Murauskis, Van Geem, Wattenberg
NAYS:
None
ABSENT: None
PASSED and APPROVED this 16th day of
August
,1983.
Mayr;;.+ )I ¡{~
ATTEST:
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Village Clerk