The Chairman and Secretary of Montgomery Township
are hereby authorized to execute the Trust Agreement and any other
agreements necessary for its participation in the Delaware Valley
Health Insurance Trust. The Delaware Valley Health Insurance Trust
Agreement is attached hereto as Exhibit A and incorporated herein
by reference. The trust agreement attached hereto is on file for inspection
and review at the municipal offices of Montgomery Township, Montgomery
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 Montgomery Township to
participate in the Delaware Valley Health Insurance Trust.
The participation of Montgomery 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 the Montgomery Township and its employees.
As set forth in the Trust Agreement and as otherwise
stated herein, the following conditions apply to the participation
of the Montgomery Township in the Delaware Valley Health Insurance
Trust:
A. That each participating municipality must meet the
admission and eligibility requirements set forth therein;
B. That 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. That 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. That each participating municipality cooperate fully
in achieving the purposes and objectives of the Trust;
E. That each participating municipality comply with all
other conditions of the Agreement.
Montgomery Township agrees to participate in
the Delaware Valley Health Insurance Trust for a minimum of two years
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 Montgomery
Township in the Delaware Valley Health Insurance Trust will be June
1, 2004.
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 Montgomery Township
shall be made with funds appropriated by Montgomery 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 participating municipalities through annual
appropriations shall provide the funds required for the operation
of the Trust.
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, Montgomery Township agrees to comply
with all the terms and conditions in the attached 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.