HomeMy WebLinkAboutRes 26-05 04/19/2005
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03/30/05
4/14/05
RESOLUTION NO. 26-05
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 (the "¡PBC'?, which is an
intergovernmental entity providing émployee benefits to the officers and employees of
this municipality; and
WHEREAS, through its membership in the IPBC, this municipality gains the ability to
achieve economies of scale in the administration of the benefit claims of its employees
and the other benefits of membership provided for in the Contract and By-Laws of the
I PBC; and
WHEREAS, the Contract and by-Laws of the IPBC provide that the IPBC shall operate
in three (3) year terms, with the governing board of each member, including the
governing board of this municipality, being required to pass an ordinance or resolution
agreeing to continue as a member for each new term; and
WHEREAS, failure to approve a timely ordinance or resolution at least sixty (60) days
before the commencement date of a new term shall constitute a withdrawal from the
IPBC; and
WHEREAS, the next three (3) year term of the IPBC commences on July 1, 2005; and
WHEREAS, the Village of Mount Prospect desires to express, through the passage of
this Resolution, its intent to continue as a member of the IPBC for the three-year term
commencing on July 1, 2005, provided that an adequate number of other members of
the cooperative, as set forth within the Contract and By-Laws document, also agree to
continue as members for the next term.
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 shall continue as a member of the
Intergovernmental Personnel Benefit Cooperative for a three-year term commencing on
July 1, 2005, in accordance with the Contract and By-Laws of that entity as they
currently exist or as they may be validly amended in the future.
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IPBC Membership
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SECTION TWO: The obligation of this municipality to be a member of the
Intergovernmental Personnel Benefit Cooperative shall obligate this Village to make
financial contributions to the Intergovernmental Personnel Benefit Cooperative only to
the extent required from as specified by the Contract and By-Laws of the
Intergovernmental Personnel Benefit Cooperative and authorized therewith by the
Board of Directors or the Executive Committee.
SECTION THREE: This Resolution shall be in full force and effect upon its passage
and approval in the manner provided by law.
AYES:
Corcoran, Lohrstorfer, Skowron, Wilks, Zadel
NAYS:
None
ABSENT:
Hoefert
PASSED and APPROVED this 19th day of April, 2005.
ATTJ
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Village Clerk
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H:ICLKOlfilesIWINIRESIIPBC term renewal,2005.doc
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