[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.
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.