A. This program is of benefit to the Foreign Fire Insurance Board of the City of Hoopeston Fire Department.
B. The Illinois Municipal League is hereby authorized by the Board to receive and examine the reports and collect the payments of the two percent (2%) foreign fire insurance license fees tendered to this Board by foreign fire insurance companies.
C. The Illinois Municipal League shall keep an accurate and complete record of all such fee payments received from foreign fire insurance companies and the distribution of such payments to treasurer of this Board and that all such records shall be open to the inspection of the members of this Board during reasonable office hours.
D. This Board hereby authorizes and designates the Illinois Municipal League to act as its sole agent for the collection of the rightfully imposed foreign fire insurance license fee of two percent per annum of the gross receipts received as premiums on fire insurance policies on properties within the jurisdiction. The Board hereby agrees to pay as an annual service charge to the Illinois Municipal League five percent of the fees annually collected, or such other amount as may be necessary and agreed to in writing. The Illinois Municipal League service charge shall be deducted prior to distributing the annual fee proceeds to the Board. The Illinois Municipal League is authorized to take necessary actions and carry on all necessary communication with the foreign fire insurance companies owing fees on behalf of this Board. The Illinois Municipal League shall remain the designated agent until notified by this Board by adopted resolution of this Board rescinding this agreement and engagement.
(Res. 2023-5, 2022).