2002-20RESOLUTION NO. 2002 - 20'
A RESOLUTION EXTENDING THE PERIOD OF
PARTICIPATION IN THE INTERGOVERNMENTAL
PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD
OF THREE ADDITIONAL YEARS.
WHEREAS, the Village of Buffalo Grove ( "Village ") is a Member of the Intergovernmental Per-
sonnel Benefit Cooperative, ( "IPBC "), which is an intergovernmental entity providing employee benefits to
the officers and employees of the Village; and
WHEREAS, through its membership in the IPBC, the Village gains the ability to achieve econo-
mies 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 cor-
poration 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 with-
drawal from the Cooperative; and
WHEREAS, the next three -year cycle of the Cooperative commences on July 1, 2002; and
WHEREAS, the Village 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 1, 2002, 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;
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES
FOR THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, AN ILLINOIS MUNICIPAL
CORPORATION, AS FOLLOWS:
SECTION 1: The Village continue as a member of the Intergovernmental Personnel Benefit Co-
operative for a three -year term commencing on July 1, 2002, 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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SECTION 2: The obligation of the Village to be a Member of the Intergovernmental Personnel
Benefit Cooperative shall obligate this municipal corporation to make financial contributions to the Inter-
governmental 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 Resolution shall take effect immediately upon its passage and approval as
provided by law.
AYES: 6 — Braiman, Glover,Berman, Johnson, Kahn, Trilling
NAYS: 0 — None
ABSENT: 0 — None
PASSED: May 6 , 2002. APPROVED: May 6 , 2002
Attest: ---�� �,y,�
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Approved:
illage President