HomeMy WebLinkAboutSample Resolution to Approve MCA.pdfApproval of the 2015 Amendment to the Municipal Cooperative Agreement for the Greater
Tompkins County Municipal Health Insurance Consortium
WHEREAS, the Village of Cayuga Heights is a Participant in the Greater Tompkins County Municipal
Health Insurance Consortium (the "Consortium"), a municipal cooperative organized under Article 47 of
the New York Insurance Law, and
WHEREAS, the municipal participants in the Consortium, including this body, have approved and
executed a certain Municipal Cooperation Agreement (the "Agreement"; effective date of October 1, 2010)
and Amendment (2014) that provides for the operation and governance of the Consortium, and
WHEREAS, Article 47 of the New York Insurance Law (the "Insurance Law") and the rules and
regulations of the New York State Department of Financial Services set forth certain requirements for
governance of municipal cooperatives that offer self-insured municipal cooperative health insurance plans,
and
WHEREAS, the Agreement sets forth in Section Q2 that continuation of the Consortium under the terms
and conditions of the Agreement, or any amendments or restatements thereto, shall be subject to Board
review on the fifth (5th) anniversary of the Effective Date and on each fifth (5th) anniversary date thereafter
(each a “Review Date”), and
WHEREAS, by motion 005-2015, adopted on May 28, 2015, the Consortium's Board of Directors
recommends approval of the 2015 amended agreement based on review of the document by the Municipal
Cooperative Agreement Review Committee, the New York State Department of Financial Services, and the
Consortium’s legal counsel, and
WHEREAS, the Municipal Cooperative Agreement requires that amendments to the agreement be
presented to each participant for review and adopted by its municipal board,
WHEREAS, the Village of Cayuga Heights Board of Trustees is in receipt of the proposed amended
Agreement and has determined that it is in the best interest of its constituents who are served by the
Consortium to amend the Agreement as set forth in the attached 2015 Amended Municipal Cooperative
Agreement,
NOW THEREFORE LET IT BE RESOLVED, that the Village of Cayuga Heights Board of Trustees
approves and authorizes the Mayor to sign the 2015 Amendment to the Municipal Cooperative Agreement
of the Greater Tompkins County Municipal Health Insurance Consortium, and
BE IT FURTHER RESOLVED, that the Clerk of the Village of Cayuga Heights is hereby authorized to
execute this Resolution to indicate its approval, transmit a copy thereof to the Board of Directors of the
Greater Tompkins County Municipal Health Insurance Consortium, and take any other such actions as may
be required by law.