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2011-25• RESOLUTION NO. 2011 -25 0 A RESOLUTION AUTHORIZING PARTICIPATION IN THE INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE (IPBC). WHEREAS, the Village of Buffalo Grove, Lake and Cook Counties, Illinois, is a Home Rule Unit pursuant to the Illinois Constitution of 1970; and WHEREAS, it is authorized for the Village of Buffalo Grove ( "Village ") to become a Member of the Intergovernmental Personnel Benefit Cooperative, ( "IPBC "), which is an intergovernmental entity providing employee benefits; and WHEREAS, through its membership in the IPBC, the Village 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 the IPBC; 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 a resolution agreeing to continue as a Member for each new three -year cycle; and WHEREAS, the Village desires to express, through the passage of this Resolution, its desire to become a Member of the Cooperative commencing on January 1, 2012 and continuing through July 1, 2014, and its acceptance of the by -laws, policies and procedures of the Cooperative. The Village anticipates being granted approval for membership by the current IPBC Membership, as is set forth within the Contract and By -Laws document, to participate as Members for the next three - year cycle prior to January 1, 2012; and NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE OF BUFFALO GROVE, IN LAKE AND COOK COUNTIES, AN ILLINOIS MUNICIPAL CORPORATION, as follows: SECTION 1: The Village shall participate as a member of the Intergovernmental Personnel Benefit Cooperative commencing on January 1, 2012 and ending on July 1, 2014, 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 the Village 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: The Village Manager is authorized and directed to execute any agreements required as part of the Village's participation in the Intergovernmental Personnel Benefit Cooperative. SECTION 4: This Resolution shall take effect immediately upon its passage and approval as provided by law. AYES: 6 — Berman, Trilling, Sussman, Terson, Stein Ottenheimer ABSENT: 0 - None ASSED: June 20, 2011. APPROVED: June 20, 2011 ATTEST: D-1 a 2� Village Clerk ADOPTED this 20th day of June , 2011, by the Corporate Authorities. —2—