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HomeMy WebLinkAboutResolution #3911RESOLUTION NO. ~ ~~ ~ A RESOLUTION AUTHORIZING THE EXECUTION OF THE IMLRMA MINIMUM/MAXIMUM CONTRIBUTION AGREEMENT WHEREAS, the City of Canton, a member in good standing of the Illinois Municipal League Risk Management Association and party to the IMLRMA Intergovernmental Cooperation contract, has been fully apprised of the IMLRMA Minimum/Maximum Contribution Agreement which amends and supplements the IMLRMA Declarations pages dated 12/31 /09 to 12/31 / 10 and all endorsements thereto; and WHEREAS, given the financial savings the City could potentially realize from the program, the City Council of the City of Canton finds it to be in the best interest of the municipality to make its IMLRMA contribution in accordance with the IMLRMA Minimum/Maximum Contribution Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON, Fulton County, Illinois, as follows: 1. That the execution of the IMLRMA Minimum/Maximum Contribution Agreement for a one (1) year period beginning 12/31 /09 and ending 12/31 /10 is hereby authorized. 2. That the Mayor and City Clerk are hereby granted authority to execute the IMLRMA Minimum/Maximum Agreement which amends the supplements the IMLRMA Declarations pages dated 12/31 /09 to 12/31 / 10 and all endorsements thereto. 3. That this Resolution shall take effect immediately upon its passage and approval. PASSED by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 15~' day of December, 2009 upon a roll call vote as follows: AYES: The vote was by voice vote and was unanimous. NAYS: ABSENT: APPROVED: ~~~'~~4 ~I evm R. Meade, Mayor ATTEST: Nancy .Whites, City Clerk