Hellam Township hereby enacts the Penn Prime
Participation Ordinance, which states as follows:
A. Hellam Township hereby acknowledges membership in
the Penn Prime Trust by entering into the Member Participation Agreement
(hereinafter "participation agreement"). As per the Intergovernmental
Cooperation Law, 53 P.S. § 481 et seq., this article sets
forth the components of the Penn Prime Trust cooperative arrangement
as follows:
(1) The conditions of the participation agreement. The
participation agreement, agreement of trust, coverage provisions,
and bylaws of the Penn Prime Trust, as amended from time to time,
are hereby attached and fully incorporated by reference herein as
though they were part hereof.
(2) Duration of the agreement. The duration of the participation
agreement is a continuous period commencing on January 1, 1988 and
ending on December 31, 1988, and shall thereafter continue on a calendar-year
basis for each succeeding year unless terminated as provided therein.
(3) Purpose and objective of the agreement. The purpose
of the participation agreement shall be to minimize the financial
impact upon Hellam Township resulting from an occurrence covered by
the trust. This will be accomplished by means of:
(a)
Loss prevention and safety programs to minimize
or eliminate risks of such accidents;
(b)
Risk pooling to share with other local agencies
the financial impact of such losses; and
(c)
The establishment of a mechanism through the
trust to provide risk coverage for catastrophic losses through means
deemed appropriate by the Board of Trustees of the Penn Prime Trust.
(4) Manner and extent of financing the agreement. The
expenses of participating in this cooperative program will be financed
through contributions by Hellam Township to the Penn Prime Trust and
by investment of the trust governed by the Board of Trustees.
(5) Organizational structure to implement the agreement.
The participation agreement will be implemented by the use of the
Penn Prime Trust. The Trust is to be administrated by the Board of
Trustees, which may designate a day-to-day administrator, as established
through the provisions of the agreement of trust and the bylaws.
(6) Property acquisition. The Penn Prime Trust, as administered
by the Board of Trustees, has the power, through the bylaws, to acquire,
hold or dispose of real or personal property. Such measures by the
trust will be carried out in accordance with the Penn Prime Trust
and its bylaws.
(7) Powers to contract for group insurance and employee
benefits. The Penn Prime Trust Agreement sets forth that the Board
of Trustees has the power to enter into contracts, incur debts, liabilities
and obligations in the ordinary course of business. These powers allow
the Penn Prime Trust to enter into such contracts as allowed under
53 P.S. § 487(7) of the Intergovernmental Cooperation Law.