The Borough of Pennsburg shall join with other municipalities in accordance
with the Pennsylvania Intergovernmental Cooperation Act by becoming a member of the Association and entering into the intergovernmental contract which was adopted
by reference with the same effect as if it had been set forth verbatim in
this section, and a copy of which shall be filed with the minutes of this
meeting at which the article was adopted.
Pennsburg Borough is authorized to enter into the intergovernmental
contract for the purposes contained therein, as well as any amendments or
modifications thereto as the same may be required from time to time. These
actions are to be taken by the officers of the Borough of Pennsburg designated
for this purpose pursuant to general or specific instruction by the Borough
Council who are adopting this article.
The Association is designated as having official custody of the municipality's
funds which are invested by the Association pursuant to the terms of the intergovernmental
contract.
As required by the Intergovernmental Cooperation Act, the following matters are specifically found and determined:
A. The conditions of this agreement are set forth in the intergovernmental contract referred to in §
10-1.
B. Pennsburg's participation in the Association shall
be terminable at any time by ordinance.
C. The purposes and objectives of the agreement are set
forth hereinabove, and the intergovernmental contract and actions contemplated
thereby and purposes and objectives contained therein are otherwise legal
as part of a pooled arrangement with other governmental units, thereby achieving
economic and other advantages of intergovernmental cooperation.
D. It is not necessary to finance the agreement authorized
herein from municipal funds except through the contribution of this municipality's
basis rate (as such term is defined in the intergovernmental contract) to
the Association.
E. The Association shall be managed by a Board of Commissioners
or Executive Committee as set forth in the bylaws of said Association, a copy
of which has been provided for review in connection with the adoption of this
article.
F. All property, real or personal, shall be acquired, managed,
or disposed of by the Association in accordance with the terms of the intergovernmental
contract.