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.
The effective date of the participation of the
Borough of New Hope in the Delaware Valley Health Insurance Trust
will be January 1, 2002.
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.
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, the Borough of New Hope 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.