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R-05-06r r RESOLUTION NO. R -05 -06 EXTENDING THE PERIOD OF PARTICIPATION IN THE INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE FOR A PERIOD OF THREE ADDITIONAL YEARS WHEREAS, the Village of Deerfield is a Member of the Intergovernmental Personnel Benefit Cooperative (IPBC), which is an intergovernmental entity providing employee benefits to the 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 the 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 a 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 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, 2005; 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, 2005, 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 period. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, in the exercise of its home rule powers, that the Village of Deerfield shall continue as a member in the Intergovernmental Personnel Benefits Cooperative for a three -year term commencing on July 1, 2005, in accordance with the Contract and By -Laws of that entity as it currently exists or as may be validly amended in the future; and BE IT FURTHER RESOLVED, that the obligation of the Village to be a Member of the IPBC shall obligate the Village to make financial contributions to the IPBC 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 Executive Committee. ADOPTED this 4th day of April , 2005. AYES: Benton, Kayne, Rosenthal, Seiden, Swanson, Wylie (6) NAYS: None (0) ABSENT: None (0) ABSTAIN: None (0) APPROVED this 4th day of April ATTEST: WOW Village I