HomeMy Public PortalAboutr 04:227No. 04-227 Date ol'Atloplion July 22, 2004
RESOLUTION
MIDDLESEX COUNTY MUNICIPAL JOINT INSURANCE FUND
WHEREAS, the Borough of Carteret has participated as a member of the
Middlesex County Municipal Joint Insurance Fund (hereafter the "Fund")
existing pursuant to Chapter 372, Laws of 1983 (N.J.S.A. 40A:10-36 et seq)
and, is desirous of continuing said membership for a term expiring December
21, 2007; and
WHEREAS, the governing body of the Borough of Carteret has determined
that continued membership in the Fund is in the best interest of the Member;
NOW, THEREFORE, BE IT RESOLVED by the Borough of Carteret, in
the County of Middlesex, and the State of New Jersey as follows:
SECTION 1. The Borough of Carteret hereby agrees to continue as a
member of the Fund for a period o{ three (3) years commencing January 1,
2005 and terminating on December 31, 2007 for the purpose of securing the
following types of insurance coverage:
a) Workers Compensation and Employer's Liability.
b) General Liability Coverage.
c) Motor Vehicle and Equipment Liability Coverage.
d) Property Damage Coverage (Building, Contents, Auto
Physical Damage and Boiler and Machinery.
After the expiration of the said three (3) year period of membership,
participation may be canceled or extended in accordance with the ByLaws of
the Fund.
SECTION 2. For the purposes of contribution of sums into the Fund to be
designed for administrative costs and claims, the Borough of Carteret hereby
agrees to obtain the types of coverage fi.om the fund as are set forth in
Section 1 of this Resolution and the Indemnity and Trust Agreement to be
signed by it.
SECTION 3. The ByLaws of the Middlesex County Municipal Joint
Insurance Fund, attached hereto, are hereby adopted and accepted.
SECTION 4. The Mayor and Council are hereby authorized and directed to
execute an Indemnity and Trust Agreement signifying continued
membership.
Adopted this 22 day of July, 2004 and
certified as a true copy of the
original on July 23, 2004.
KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
I~CORD OF COUNCIL VOTE
COUNCILMAN YES NO NV A.B. COUNCILMAN YE.~4 NO NV A.B.
KRUM .- - X RIOS X
NAPLF-q X SITARZ X
PARISI X SOSNOWSKI X
Adopted at a meeting of the Municipal Council JULY_ 22, 2004