[Adopted 1-2-2007 by Ord. No. 2007-01]
A.
The President and Secretary of Radnor Township are
hereby authorized to execute the Trust Agreement (and Addendum thereto)
and any other agreements necessary for its participation in the Delaware
Valley Municipal Health Insurance Trust, also known as the "Delaware
Valley Health Insurance Trust." The Delaware Valley Health Insurance
Trust Agreement and Addendum thereto are attached hereto as Exhibit
A and incorporated herein by reference.
B.
The Trust Agreement and Addendum attached hereto are
on file for inspection and review at the municipal offices of Radnor
Township, Delaware County, Pennsylvania. This Trust Agreement may
be subsequently modified or amended but in no event shall such amendments
or modifications materially adversely affect the right of the Radnor
Township to participate in the Delaware Valley Health Insurance Trust.
The participation of Radnor Township in the
Delaware Valley Health Insurance Trust is authorized for the purpose
of obtaining high quality health benefits at the most reasonable cost
to Radnor Township and its employees.
As set forth in the Trust Agreement and Addendum
thereto, and as otherwise stated herein, the following conditions
apply to the participation of the Radnor Township in the Delaware
Valley Health Insurance Trust:
A.
Each participating municipality must meet the admission
and eligibility requirements set forth therein;
B.
Each participating municipality agrees to pay all
contributions when due as provided in the Trust Agreement and any
bylaws thereafter adopted by the Trust;
C.
Each participating municipality uses its best efforts
to provide appropriations for the payment of any contributions required
to achieve the purposes and objectives of the Trust;
D.
Each participating municipality cooperate fully in
achieving the purposes and objectives of the Trust; and
E.
Each participating municipality comply with all other
conditions of the Agreement.
That Radnor Township agrees to participate in
the Delaware Valley Health Insurance Trust for a minimum period, as
specified in the attached Trust Agreement and Addendum thereto, and
thereafter may withdraw for any reason whatsoever provided that it
has fulfilled all its financial obligations to the Trust upon withdrawal.
The effective date of the participation of Radnor
Township in the Delaware Valley Health Insurance Trust will be January
1, 2007.
Each participating municipality delegates to
the Board of Trustees of the Delaware Valley Health Insurance Trust
the powers enumerated in the Trust Agreement.
All contributions paid by Radnor Township shall
be made with funds appropriated by Radnor Township for that purpose.
The organizational structure of the Trust shall
consist of a Board of Trustees and Executive Committee selected by
the Board of Trustees in accordance with the Trust Agreement.
The funds required for the operation of the
Trust shall be provided by the participating municipalities through
annual appropriations.
The Delaware Valley Health Insurance Trust is
empowered to enter into contracts for policies of group insurance
and employee benefits, including social security, for any of its employees.
As a condition of participating in the Delaware
Valley Health Insurance Trust, Radnor Township agrees to comply with
all the terms and conditions in the attached Trust Agreement and Addendum
thereto.
This article is being enacted pursuant to the
provisions of Intergovernmental Cooperation Law, Act of July 12, 1972,
No. 180, as amended, 53 Pa.C.S.A. § 2301 et seq.
