[Adopted 11-27-2001 by Ord. No. 2001-6]
A. 
The President and Secretary of the Borough of New Hope 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.[1]
[1]
Editor's Note: Exhibit A is on file in the Borough offices.
B. 
The Trust Agreement attached hereto is on file for inspection and review at the municipal offices of the Borough of New Hope, Bucks 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 Borough of New Hope to participate in the Delaware Valley Health Insurance Trust.
The participation of the Borough of New Hope 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 Borough of New Hope and its employees.
As set forth in the Trust Agreement and as otherwise stated herein, the following conditions apply to the participation of the Borough of New Hope 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 cooperates fully in achieving the purposes and objectives of the Trust;
E. 
Each participating municipality complies with all other conditions of the Agreement.
The Borough of New Hope 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.
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 the Borough of New Hope shall be made with funds appropriated by the Borough of New Hope for that purpose.
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.