R-18-03VILLAGE OF DEERFIELD
LAKE AND COOK COUNTIES, ILLINOIS
RESOLUTION NO. R-18-03
RESOLUTION AUTHORIZING THE NON -RENEWAL OF MEMBERSHIP IN THE
HIGH-LEVEL EXCESS LIABILTIY POOL
WHEREAS, the Village has been a member of the High -Level Excess Liability Pool
(HELP) since 1987; and
and
WHEREAS, the Village's current membership in HELP will expire on April 30, 2018;
WHEREAS, the Village's Finance Department has analyzed the benefits and costs of
renewing its membership in HELP versus moving its excess liability coverage to Municipal
Insurance Cooperative Agency (MICA); and
WHEREAS, the Village currently has $2 million of liability insurance coverage provided
by MICA, and an additional $13 million of high-level excess liability insurance coverage provided
by HELP; and
WHEREAS, MICA is able to provide to the Village coverage for excess liability
insurance, and consists of a pool of over 20 communities; and
WHEREAS, HELP currently consists of a pool of 13 municipalities, many of which are
considering terminating their memberships; and
WHEREAS, the Village has determined that it is necessary, proper and in the best interest
of the Village to not renew its membership in HELP at the conclusion of the current membership
period; and
WHEREAS, the Village Board has determined that terminating its membership in HELP
at the conclusion of the current membership period with HELP will serve and be in the best interest
of the Village;
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS,
that the Village shall not renew or continue its membership in the High Level Excess Liability
Pool after April 30, 2018, the end of the current membership period.
PASSED this 19th day of March 2018.
AYES: Benton, Jester,Oppenheim, Seiden, Shapiro, Struthers
NAYS: None
ABSENT: None
ABSTAIN: None
APPROVED this 19th day of March , 2018.
ATTEST:
V Ilage CIA
-2-
Village P esident