[Adopted 4-13-2009 by Ord. No. 360]
A.Â
The Chairman and Secretary of Franconia 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.
B.Â
The trust agreement attached hereto is on file for inspection and
review at the municipal offices of Franconia 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 Franconia Township to participate
in the Delaware Valley Health Insurance Trust.
The participation of Franconia 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 Franconia
Township and its employees.
As set forth in the trust agreement and as otherwise stated
herein, the following conditions apply to the participation of Franconia
Township in the Delaware Valley Health Insurance Trust:
A.Â
That each participating municipality must meet the admission and
eligibility requirements set forth therein;
B.Â
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.Â
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.Â
That each participating municipality cooperate fully in achieving
the purposes and objectives of the trust;
E.Â
That each participating municipality comply with all other conditions
of the Agreement.
Franconia 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 Franconia Township
in the Delaware Valley Health Insurance Trust will be May 1, 2009.
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 Franconia Township shall be made with
funds appropriated by Franconia 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 funds required for the operation of the trust shall be provided
by the participating municipalities through annual appropriations.
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, Franconia 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
the Intergovernmental Cooperation Law, Act of July 12, 1972, No. 180,
as amended, 53 Pa.C.S.A. § 2301 et seq.
