Item Text

3. Approve a motion by the Board of Supervisors to amend the Restated Declaration of Trust for Maricopa County , Arizona Self-Insured Trust Fund, dated May 18, 2006, so that the Restated Declaration of Trust conforms to the Board’s action taken regarding Item No. 1 of this Agenda. The County Manager shall have prepared a formal amendment for presentation to the Administrator and to any other persons identified by the County Manager . After a reasonable period for review and consultation, the County Manager shall present a formal Restated Declaration of Trust to the Board of Supervisors. Pending enactment of such formal Restated Declaration of Trust, this motion shall be deemed an amendment to the Trust and shall be adhered to and interpreted consistent with the intent expressed in this Agenda item, and in a manner consistent with the intentions stated and action taken in Agenda Item No. 1, above. In the interim and pending receipt of a formal Restated Declaration of Trust by the County Manager , the Restated Declaration of Trust dated May 18, 2006 shall be regarded as amended on an interim basis to reflect the revisions contained in the attachment to this Agenda Item No. 3. (C-20-09-042-3-00)

Attachments (5)

Vote: approved

Item Text

A-3. AMENDMENT OF RESTATED DECLARATION OF SELF INSURED TRUST Approve the “Revised Restated Declaration of Trust for Maricopa County , Arizona Self- Insured Trust Fund” (“Revised Restated Trust”). At a meeting of the Board of Supervisors held December 23, 2008 (C-20-09-042-3-00), the Board approved a motion “to amend the “Restated Declaration of Trust for Maricopa County, Arizona Self-Insured Trust Fund,” dated May 18, 2006, so that the Restated Declaration of Trust conforms to the Board’s action taken regarding Item No. 1 of this Agenda (C-20-09-040-3-00). ” The referenced “Item No. 1” was an action that “took back [the Board’s] authority to direct and control the prosecution defense and compromise of all civil legal action to which the County is a party or has an interest…” The motion also directed that a formal amendment be prepared for presentation to the Trust Administrator and other appropriate persons for consultation and that the trust document as amended be presented to the Board of Supervisors. (C-20-09-042-3-01)