[Adopted 1-20-2011 by Ord. No. 1083]
A.
The President and Secretary of Media Borough 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.
The trust agreement attached hereto is on file for inspection and
review at the municipal offices of Media Borough, 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 Media Borough to participate in
the Delaware Valley Health Insurance Trust.
The participation of Media Borough in the Delaware Valley Health
Insurance Trust is authorized for the purpose of obtaining high quality
health benefits at the most reasonable cost to Media Borough and its
employees.
As set forth in the trust agreement and as otherwise stated
herein, the following conditions apply to the participation of Media
Borough 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 by-laws 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.
Media Borough 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.
[Amended 4-21-2011 by Ord. No. 1085]
The effective date of the participation of the Media Borough
in the Delaware Valley Health Insurance Trust will be such date as
the Borough Council may determine by resolution of Borough Council.
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 Media Borough shall be made with funds
appropriated by Media Borough 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, Media Borough 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.
