[HISTORY: Adopted by the Board of Supervisors of the Township of East Allen 3-26-2015 by Ord. No. 2015-03. Amendments noted where applicable.]
GENERAL REFERENCES
Local Government Investment Trust — See Ch. 19.
A. 
The Board of Supervisors of East Allen Township adopts the Restated Trust Agreement and agrees to participate in the Trust in accordance with the amended and updated terms of the Restated Trust Agreement. The Chairman of the Board of Supervisors and the Township Manager are hereby authorized to sign the Restated Trust Agreement and any other agreements necessary for the Township's participation in the Trust.
B. 
The Restated Trust Agreement is on file for inspection and review at the Township's office at 5344 Nor-Bath Boulevard, Northampton, PA 18067. The Restated Trust Agreement may be subsequently modified or amended in accordance with its terms, but in no event shall such modifications or amendments divert any of the trust funds from the purposes of the Trust. The Board may withdraw from the Trust in accordance with the Restated Trust Agreement, including if the Board determines the modifications or amendments are not in the best interests of the Township.
The participation of the Board in the Trust is authorized for the purpose of pooling resources for the purpose of providing unemployment compensation insurance for participating employers at reasonable cost.
As set forth in greater detail in the Restated Trust Agreement and as otherwise stated herein, the following conditions apply to the participation of the Board in the Trust:
A. 
Each participating employer must meet the admission and eligibility requirements set forth therein;
B. 
Each participating employer agrees to pay all contributions when due as provided in the Restated Trust Agreement or as otherwise established by the Board of Trustees; and
C. 
Each participating employer complies with all other conditions of the Restated Trust Agreement.
The Board agrees to participate in the Trust and may withdraw for any reason and in accordance with the Restated Trust Agreement, provided that it has fulfilled all its financial obligations to the Trust upon withdrawal.
The effective date of the Board's agreement to and joinder in the Restated Trust Agreement and the participation of the Board in the Trust pursuant to the terms of the Restated Trust Agreement will be March 26, 2015.
Each participating employer delegates to the Board of Trustees the powers enumerated in the Restated Trust Agreement.
The organizational structure of the Trust shall consist of a Board of Trustees. Under the Restated Trust Agreement, the Board of Trustees is authorized to, among other things, enter into contracts with third parties to perform various services necessary for the administration of the Trust.
The funds required for the operation of the Trust shall be provided by the Participating Employers through scheduled appropriations as determined by the Board of Trustees.
The Trust is empowered to enter into contracts for policies of group insurance and employee benefits, including social security, for employees of the Trust, if any.
As a condition of participating in the Trust, the Board agrees to comply with all of the terms and conditions in the Restated Trust Agreement.
The Secretary of the Board shall provide a certified copy of this chapter upon its enactment to the Board of Trustees of the Trust.
The Board of Supervisors of East Allen Township is hereby authorized to take any and all such other actions as may be necessary or appropriate to carry out the purposes of this chapter and comply with the requirements of the attached Restated Trust Agreement[1] and any duly adopted amendments thereto.
[1]
Editor's Note: See § 50-1B.
The duration of the term of the Board's participation in the Trust and obligations under the Restated Trust Agreement shall continue until withdrawal from the Trust by the Board in accordance with the terms of the Restated Trust Agreement.
The Board of Supervisors hereby specifically finds and determines as follows:
A. 
The conditions of the intergovernmental cooperative agreement are set forth in the Restated Trust Agreement incorporated by reference herein.
B. 
The Board shall participate in the Trust in accordance with the Restated Trust Agreement until it withdraws by giving notice to the Board of Trustees in accordance with the terms of the Restated Trust Agreement.
C. 
The purpose and objectives of the intergovernmental cooperative arrangement, including powers and scope of authority delegated to the Board of Trustees, are set forth in the incorporated Restated Trust Agreement.
D. 
The manner and extent of financing of the agreement are that:
(1) 
Funds to implement the Board's obligations under the agreement shall come from the normal and usual budgeted amounts for Township employee compensation and employee benefits; and
(2) 
No borrowing is anticipated to be required.
E. 
The Trust shall be managed by the Board of Trustees pursuant to the terms of the Restated Trust Agreement.
F. 
All assets and property, real or personal, of the Trust shall be titled to, acquired, managed, licensed or disposed of by the Trust, and its Board of Trustees, in accordance with the terms of the Restated Trust Agreement.
G. 
The Trust, in accordance with the Restated Trust Agreement, shall be empowered to enter into contracts for policies of group insurance and employee welfare benefits to be offered to participating employers for their eligible employees and dependents.