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HomeMy WebLinkAboutRESOLUTION - 62-07 - 11/13/2007 - HIGH-LEVEL EXCESS LIABILITY POOL (HELP) RESOLUTION NO. 62-07 A RESOLUTION AUTHORIZING CONTINUATION OF THE HIGH-LEVEL EXCESS LIABILITY POOL (HELP) WHEREAS, the High-Level Excess Liability Pool ("HELP") is a governmental self-insurance pool, formed pursuant to Article VII 10 of the Illinois Constitution and the Illinois Intergovernmental Cooperation Act, 5 ILCS 220-1 et seq., and governed according to an intergovernmental agreement, hereinafter referred to as the "Contract and By-Laws", WHEREAS, as of the end of its current fiscal year ending April 30, 2008, HELP will have completed its tenth year since the pool was last extended, during which it has provided collective excess self-insurance for the governmental entities which have been members of HELP. WHEREAS, the Village of Elk Grove Village is a member of HELP, and its desire is to continue HELP's existence; WHEREAS, the passage of this resolution does not in any way restrict the ability of the Village of Elk Grove Village to withdraw from HELP at the end of any fiscal year of the pool, upon the furnishing of one year's notice pursuant to the terms of the Contract and By-Laws. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, of the State of Illinois, as follows: 1 Section 1: HELP, of which this governmental body is a member, at the conclusion of its current fiscal year ending April 30, 2008, shall continue in existence, under the terms of its Contract and By-Laws for ten years, commencing on May 1, 2008; Section 2: The Contract and By-Laws of HELP shall continue to constitute the intergovernmental agreement between this governmental body and the other members of HELP; Section 3: This resolution shall be in full force and effect immediately upon its passage. VOTES: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 13th day of November 2007. APPROVED this 13th day of November 2007. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh,Village Clerk 2