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R-08-04RESOLUTION NO. R -08 -04 A RESOLUTION EXTENDING THE PERIOD OF PARTICIPATION IN THE INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD OF THREE ADDITIONAL YEARS. WHEREAS, the Village of Deerfield (Village) is a Member of the Intergovern mental Personnel Benefit Cooperative, ( "IPBC "), which is an intergovernmental entity providing employee benefits to the officers and employees of this municipality; 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 governing board of municipal corporation 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 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 withdrawal from the Cooperative; and WHEREAS, the next three -year cycle of the Cooperative commences on July 1, 2008; 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, 2008, 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; and NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, AN ILLINOIS MUNICIPAL CORPORATION, as follows: SECTION 1: The Village of Deerfield shall continue as a member of the Intergovernmental Personnel Benefit Cooperative for a three -year term commencing on July 1, 2008, 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 this municipal corporation 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: This Resolution shall take effect immediately upon its passage and approval as provided by law. ADOPTED this 19th day of February , 2008. AYES: Benton, Feldman, Jester, Rosenthal, Seiden, Struthers (6) NAYS: None (0) ABSENT: None (0) APPROVED this 19th ATTEST: 1/ _/�t� IPBC \3 - Year- 08 -Mun- Res -doc