HomeMy WebLinkAboutRes 44-82 07/06/1982
RESOLUTION NO. ~4-82
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
$233,535.00 in Governmental Interinsurance Exchange has been
authorized by The Governmental Interinsurance Exchange Advisory
Committee, The Director of Insurance of the State of Illinois,
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
WHERE~S, 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
for of Guaranty Capital in the amount of this Village's pro-rata
share of the total $233,535.00 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 of the Village of Mount Prospect' i
hereby authorized to execute the approval of the return described
above and all other documents as required by Governmental
Interinsurance Exchange for such return.
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 Floras
Miller Wattenberg
None
BSENT:
Arthur
Murauskis
ASSED and APPROVED this
6th
day of
July
, 1982.
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