R-97-08RESOLUTION NO. R-97-08
A RESOLUTION AUTHORIZING THE
APPROVAL AND EXECUTION OF AN EXTENSION
TO THE HELP CONTRACT AND BY -LAWS DOCUMENT
WHEREAS, in the 1980s, governmental bodies had difficulty purchasing excess
insurance policies which offered reasonably broad coverages or were only able to purchase such
insurance at rapidly increasing costs; and
WHEREAS, many governments had some prior experience with the use of
intergovernmental self - insurance pools to replace or augment conventional insurance; and
WHEREAS, a number of municipalities engaged in a project to develop the contract and
by -laws and coverage document for a governmental self - insurance pool to protect against high -
level risk; and
WHEREAS, that intergovernmental self - insurance pool, the High -Level Excess Liability
Pool ( "HELP "), will conclude its first fixed term on April 30, 1998; and
WHEREAS, the existing Members of that Pool have caused the preparation of a new
intergovernmental agreement which will extend the term of the HELP Pool, pursuant to this new
contract, for an additional term of ten (10) years; and
WHEREAS, Illinois State law permits governmental bodies to enter into
intergovernmental agreements to provide joint self - insurance for periods of up to twelve (12)
years.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES,
ILLINOIS AS FOLLOWS:
SECTION That the Mayor and Village Clerk are hereby authorized to execute the
ONE: Contract on behalf of the Village of Deerfield and to cause this community
to become bound by the By -Laws which would cause the commencement
of the High -Level Excess Liability Pool for a second term of ten (10) years commencing on May
1, 1998.
SECTION For the term of the intergovernmental agreement, the execution of which is
TWO: hereby authorized, the Village of Deerfield shall be subject to that
contract, including such amendments to that contract as shall be approved
in accordance with its terms.
]KS 142761 . 1 May 15, 1997
RESOLUTION NO. R-97-08
A RESOLUTION AUTHORIZING THE
APPROVAL AND EXECUTION OF AN EXTENSION
TO THE HELP CONTRACT AND BY -LAWS DOCUMENT
SECTION All actions taken by the Board of Directors of the High -Level Excess
THREE: Liability Pool up to the date of this Resolution, are hereby approved and
ratified, and are hereby found to be a valid act of that intergovernmental
agency.
SECTION The obligation of the Village of Deerfield to become bound by the
FOUR: Contract and By -Laws document, extending the term of the HELP Agency
(which is attached hereto as Appendix 1) shall only take effect upon the
approval of that Contract and By -Laws document by all existing Members of the Agency, which
actions must be taken by July 1, 1997.
SECTION This Resolution shall take effect upon its passage and approval in the
FIVE: manner provided by law.
AYES: Ehlers, Heuberger, Rosenthal, Seidman (4)
NAYS: None (0 )
ABSENT: Swanson, Swartz (2)
PASSED: This 1 9th day of May
APPROVED: This 19th day of may
ATTEST:
IIJWAGE CLERK
JKS 142761 . 1 May 15, 1997 2
A.D., 1997.
A.D., 1997.
VILLAGE PRESIDENT