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HomeMy WebLinkAboutRes 18-08 04/15/2008 RESOLUTION NO. 18-08 A RESOLUTION EXTENDING THE PERIOD OF PARTICIPATION IN THE INTERGOVERNMENT AL PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD OF THREE ADDITIONAL YEARS. Passed and approved by the President and Board of Trustees the 15th day of April, 2008. Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 16th day of April, 2008. RESOLUTION NO. 18-08 A RESOLUTION EXTENDING THE PERIOD OF PARTICIPATION IN THE INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD OF THREE ADDITIONAL YEARS. WHEREAS, the Village of Mount Prospect, a municipal corporation is a Member of the Intergovernmental Personnel Benefit Cooperative, ("IPBC"), which is an intergov- ernmental entity providing employee benefits to the officers and employees of this municipality; and WHEREAS, through its membership in the IPBC, this municipal corporation gains the ability to achieve economies of scale in the administration of the benefit claims of its requisite Members and the other benefits of membership provided for in the Contract and By-Laws of that Cooperative; and WHEREAS, the Contract and By-Laws of the IPBC provide that the IPBC shall operate in three (3) year cycles with the governing board of each Member, including the governing board of municipal corporation Members, being required to pass an ordinance or resolution agreeing to continue as a Member for the new three-year cycle; and WHEREAS, failure to pass a timely ordinance or resolution agreeing to continue as a Member, at least sixty (60) days before the commencement date of a new three-year cycle shall constitute a withdrawal from the Cooperative; and WHEREAS, the next three-year cycle of the Cooperative commences on July I, 2008; and WHEREAS, this municipal corporation desires to express, through the passage of this Resolution, its desire to continue as a Member of the Cooperative for the three-year cycle commencing on July I, 2008, provided that an adequate number of other Members of the Cooperative, as is set forth within the Contract and By-Laws document, also agree to continue as Members for the next three-year cycle; and NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION I: This municipal corporation shall continue as a member of the Intergovernmental Personnel Benefit Cooperative for a three-year term commencing on July 1, 2008, in accordance with the Contract and By-Laws of that entity as it currently exists or as it may be validly amended in the future. SECTION 2: The obligation of this municipal corporation to be a Member of the Intergovernmental Personnel Benefit Cooperative shall obligate this municipal corporation to make financial contributions to the Intergovernmental Personnel Benefit Cooperative only to the extent required from time-to-time by the Contract and By-Laws of the IPBC and authorized therewith by the Board of Directors or the Executive Committee. SECTION 3: This Ordinance shall take effect immediately upon its passage and approval as provided by law. AYES: Hoefert, Juracek, Korn, Zadel NAYS: None ABSENT: Corcoran, Wilks PASSED and APPROVED this 15th day of April, 2008. ATTEST: '~<i+ op M. Lisa Angell . Village Clerk