Agenda - Council - 08/22/2006 - Laserfiche WebLink

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e JOINT POWERS AGREEMENT FOR RETIREMENT ENHANCEMENT AND BENEFIT ALTERNATIVES PROGRAM This Joint Powers Agreement ("Agreement ") is made by and among the Adopting Employers that are now or may hereafter become parties to this Agreement. RECITALS WHEREAS, governmental units may provide health benefits to employees, former employees and spouses and dependents thereof; and WHEREAS, Minn. Stat. § 471.59, subds. 1 and 10 authorize two or more governmental units to exercise jointly or cooperatively powers which they possess in common; and WHEREAS, certain governmental units ("Adopting Employers ") wish to authorize the Retirement Enhancement and Benefit Alternatives Program ("REBA ") to act as a joint powers entity for the purpose of exercising certain powers as set forth in this Agreement; and WHEREAS, the Adopting Employers acknowledge REBA as a representative of the parties to this Agreement; and WHEREAS, REBA sponsors the Retirement Enhancement and Benefit Alternatives Program Voluntary Employees' Beneficiary Association Plan (the "Plan "); and WHEREAS, REBA sponsors the Retirement Enhancement and Benefit Alternatives Program Voluntary Employees' Beneficiary Association Trust and the Retirement Enhancement Benefit and Alternatives Program Voluntary Employees' Beneficiary Association Trust II (collectively referred to as the "Trusts "); and WHEREAS, the Trusts are voluntary employee beneficiary associations under Section 501(c)(9) of the Internal Revenue Code; NOW THEREFORE in consideration of the mutual promises and agreements contained herein and subject to the provisions of Minn. Stat. § 471.59 and all other applicable statutes, rules and regulations, the parties agree as follows: 1. PURPOSE, INTENT AND OBJECTIVE 1.1 Purpose. Under the provisions of Minnesota law, governmental units may enter into contracts for the purposes of providing medical benefits to current employees, former employees, and their respective families including, but not limited to, contracts for services deemed necessary or beneficial for their operation. Under the provisions of Minn. Stat. § 471.59, two or more governmental units (including, but not limited to, school districts, counties, towns, other governmental agencies, and service cooperatives) may agree to exercise jointly or cooperatively powers which they possess in common. The purpose of this Agreement is to authorize the exercise of common powers of the Adopting Employers in connection with certain matters pertaining to the administration and funding of the Plan and Trusts, all as described herein. © HaynesHitesman, PC 2005 REBA Joint Powers Agmt