1996-26RESOLUTION NO. 96 -26
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A RESOLUTION EXTENDING THE PERIOD OF
PARTICIPATION IN THE INTERGOVERNMENTAL
PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD
OF THREE YEARS
WHEREAS, the Village of Buffalo Grove ( "Village ") 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 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 President and Board
of Trustees of the Village, being required to pass resolution agreeing to continue as a Member for
the new three -year cycle; and
WHEREAS, failure to pass a timely ordinance or resolution, 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 1, 1996; 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, 1996,
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 OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS as follows:
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, 1996,
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 intergovernmental entity 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 15th day of Apri1 , 1996.
AYES: 6- Marienthal, Reid, Rubin, Braiman, Hendricks, Glover
NAYES: n -
ABSENT: 0 - None
APPROVED: April 15 , 1996.
Village
ATTEST:
VillageFClerk