HomeMy WebLinkAboutRes 34-83 08/16/1983
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RESOLUTION NO.
34....83
A RESOLUTION EXPRESSING THE INTENT OF THE VILLAGE OF
MOUNT PROSPECT TO ADOPT AN INDEPENDENT SELF-INSURANCE
FOR PROPERTY, CASUALTY, AND WORKERS COMPENSATION
WHEREAS, the Village of Mount Prospect is currently a
member of the Intergovernmental Risk Management Agency
(IRMA), which Agency was established for a five (5) year
period, ending December 31, 1983; and
WHEREAS, the corporate authorities of the Village of
Mount Prospect believe that the citizens of the Village of
Mount Prospect would benefit by initiating an independent
self-insurance program, both in terms of financial savings
and in terms of increasing the control of the municipality
over the management and prevention of risks.
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NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS:
SECTION ONE: The Mayor and Board of Trustees have determined
that in the best interest of the Village of Mount Prospect,
said Village does hereby express the intent of the Village to
assume a self-insurance program, effective 12:01 AM
January 1, 1984, for property, casualty and workers compensation
coverage.
SECTION ~~O: The Mayor and Board of Trustees of the Village
of Mount Prospect shall enter into contracts for the purpose
of administering and defending the stated self-insurance
program and excess insurance coverage.
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:
Farley, Floros, Murauskis, Van Geem, Wattenberg
NAYS:
Arthur
ABSENT: None
PASSED and APPROVED this 16
day of
Auqust
,1983.
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Mayor
ATTEST:
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Village Clerk