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