1976-08-30 - Resolution 1976-42 - Participation in the Joint Municipal Risk Management Study RESOLUTION NO. 76 - yi2
A RESOLUTION OF GOOD INTENT TO PARTICIPATE IN THE
JOINT MUNICIPAL RISK MANAGEMENT STUDY PROPOSED BY
THE (WAGE MAYORS AND MANAGERS CONFERENCE AND THE
NORTHWEST MUNICIPAL CONFERENCE
WHEREAS, The Village of Buffalo Grove has experienced considerable duress
due to insurance rate increases and market instability; and
WHEREAS, Such inadequacies have been detrimental to sound municipal insurance
and fiscal management; and
WHEREAS, Market confusion with respect to municipal insurance seems likely
for the foreseeable future; and
WHEREAS, The proposed joint municipal risk management study of the DuPage
Mayors and Managers Conference and the Northwest Municipal Conference
offers potential for alleviating some of the problems municipalities
face in the insurance market; and
WHEREAS, The Village of Buffalo Grove views the proposed study as a reasonable
and worthwhile endeavor for individual and group benefit with respect
to municipal insurance;
NOW, THEREFORE, BE IT RESOLVED, that the Village of Buffalo Grove
expresses its good intent to become an active participant in the study contingent
upon final board review of the Policy Committee proposal ; and
BE IT FURTHER RESOLVED that the Village of Buffalo Grove agrees to
the basic tenets of participation in Phase I as described below:
1 . One (1) study to be conducted for all participating municipalities;
2. Funding for the study to be based partly on a flat fee (75%
of total study cost) and partly on other considerations -
municipal budget, population, etc. (25% of total study cost) ;
the latter as determined by the Policy Committee; the Village
share of this expense shall not exceed $2,000;
3. Each municipality to be allowed one (1) vote at all discretionary
levels of action with respect to the study;
and;
BE IT FURTHER RESOLVED that the Village of Buffalo Grove staff be
authorized to participate in formulation of the final proposal for study to be
submitted to the Board; and
BE IT FURTHER RESOLVED that a copy of this resolution be sent
to the Northwest Municipal Conference or DuPage Mayors and Managers Conference
for purposes of record.
PASSED AND APPROVED by the President and Board of Trustees of
the Village of Buffalo Grove, this ,.,3 O day of ,
1976.
. .. . ... .. . . . ..
AYES: NAPES: e) ABSENT: /
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Village66esi .ent
ATTEST:
illage Clerk
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