[Adopted 9-9-2014 by Ord. No. 2620]
The title and background of this article as set forth above[1] are incorporated herein by reference.
[1]
Editor's Note: Said title and background are included in Ord. No. 2620, a complete copy of which is on file in the Municipal offices.
The Council of the Municipality of Monroeville hereby approves entering into the agreement, a copy of which is attached hereto and incorporated herein by reference (and which shall be filed with the minutes of the meeting at which this article was enacted),[1] with the intent and effect that the Municipality of Monroeville shall be bound by the agreement.
[1]
Editor's Note: A complete copy of the agreement is on file in the Municipal offices.
The Mayor is hereby authorized and directed on behalf of the Council to execute and deliver the agreement; and to execute and deliver such additional instruments, and to take such further actions, as may be necessary or appropriate to carry forth the agreement and the transactions to be effected under the agreement, including financial commitments as set forth.
All action of any officer, agent or other representative of the Municipality of Monroeville heretofore taken in the pursuit of the establishment of the Tri-COG Land Bank and or the Municipality of Monroeville's participation therein are hereby ratified and approved in all respects.
The Mayor is hereby authorized to take such other action as may be necessary or appropriate to carry out the purposes of this article and of the agreement.
As required by the Act,[1] the following matters are specifically found and determined:
A. 
The conditions of the agreement are set forth in the agreement;
B. 
The duration of the agreement is set forth in the agreement;
C. 
The purposes, objectives, powers and scope of authority granted in the agreement are set forth in the recital clauses of this article [2]and in the agreement;
[2]
Editor's Note: Said clauses are included in Ord. No. 2620, a complete copy of which is on file in the Municipal offices.
D. 
The manner and extent of financing the agreement is through the allocation of real estate taxes and budgetary contributions set forth in Sections 6.6 and 8.2, respectively, of the agreement,[3] among other things;
[3]
Editor's Note: A complete copy of the agreement is on file in the Municipal offices.
E. 
The corporate organizational structure of the Tri-COG Land Bank shall be comprised of a Board of Directors in accordance with its bylaws as a Land Bank (the "bylaws");
F. 
All property, real of personal, of the Tri-COG Land Bank shall be acquired, managed, licensed or disposed of in accordance with the terms of the agreement and the bylaws;
G. 
The Tri-COG Land Bank is empowered to enter into contracts for policies for group insurance and employee benefits for its employees, if any, pursuant to the agreement.
[1]
Editor's Note: As provided in the introduction to Ord. No. 2620 (a complete copy of which is on file in the Municipal offices), the "Act" refers to the Intergovernmental Cooperation Act, 53 Pa.C.S.A. § 2301 et seq., as amended.