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RESOLUTION NO. 16-08 <br />A RESOLUTION AMENDING RESOLUTION NO. 22-02 AND RESOLUTION NO. 43-04 <br />BY APPROVING A DECLARATION OF AMENDMENT TO THE VANTAGECARE <br />RETIREMENT HEALTH SAVINGS PLAN OF THE VILLAGE OF ELK GROVE <br />VILLAGE (ICMA) <br />WHEREAS, the Employer; the Village of Elk Grove Village, has employees rendering <br />valuable services: and <br />WHEREAS; the Employer, the Village of Elk Grove Village, has established a retiree <br />health savings plan in the form of the VantageCare Retirement Health Savings Plan (the <br />"Plan") for such employees that serves the interest of the Employer by enabling it to provide <br />reasonable security regarding such employees' health needs during retirement, by providing <br />increased flexibility in its personnel management system, and by assisting in the attraction and <br />retention of competent personnel; and <br />WHEREAS, the Employer, the Village of Elk Grove Village, has determined that the <br />continuance of the Plan serves the above objectives. <br />NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of'l*rustees of the <br />Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: <br />Section 1. That the Employer, the Village of Elk Grove Village, hereby amends and <br />restates the Plan as outlined in the attached Declaration of Amendment to the VantageCare <br />Retirement Health Saving Plan; and <br />Section 2. That the assets of the Plan shall be held in trust, with the Employer, Village of <br />Elk Grove Village, as Trustee ("Trustee") for the exclusive benefit of Plan participants and <br />their beneficiaries; and <br />