1993-25RESOLUTION NO. 93- 25
A RESOLUTION EXTENDING THE PERIOD OF PARTICIPATION OF THE VILLAGE
OF BUFFALO GROVE IN THE INTERGOVERNMENTAL PERSONNEL BENEFIT
COOPERATIVE FOR A PERIOD OF THREE ADDITIONAL YEARS
WHEREAS, the Village of Buffalo Grove is a Member of the Intergovernmental
Personnel 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 economies of scale in the administration of its benefit claims 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 Corporate Authorities of each Member
being required to pass a Resolution agreeing to continue as a Member for the new
three -year cycle; and
WHEREAS, failure to pass a timely Resolution, at least sixty (60) days
before the commencement days 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 1,
1993; 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, 1993, provided that an adequate number of other
Members of the Cooperative, as is set forth within the Contract and By -Laws, also
agree to continue as Members for the next three -year cycle.
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, the following:
SECTION 1. The Village of Buffalo Grove shall continue as a member of the
Intergovernmental Personnel Benefit Cooperative for a three -year term commencing
on July 1, 1993, 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.
SECTION 2. The obligation of the Village of Buffalo Grove to be a Member
of the Intergovernmental Personnel Benefit Cooperative shall obligate the Village
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.
SECTION 3. This Resolution shall take effect immediately upon its passage
and approval as provided by law.
PASSED this 19th day of April, 1993.
AYES: 6 - Marienthal, Reid, Kahn, Rubin, Braiman, Hendricks
NAYES: 0 - None
ABSENT: 0 - None
APPROVED: April 19 ,1993.
ATTEST:
Village Clerk J