HomeMy WebLinkAbout2011-417 HR - Community Home Trust MOU for access to the OC employee benefit plans b
MEMORANDUM OF UNDERSTANDING ��JJ//""
This Memorandum of Understanding ("MOU") entered into this thp�day of January, 2012 between
Orange County, a local political subdivision of the State of North Carolina, ("County") and the Community Home
.Trust, a not for profit corporation, ("CHT") for the continued access of Community Home Trust to the Orange
County Employee Benefit Plans.
Whereas, Orange Community Housing Corporation was created by the recommendation of Orange
County's Low and Moderate Income Housing Task Force, of which the County is part, to sell and preserve
affordable homes for low to moderate income families that live and work in Orange County;and
Whereas, in October 1990 while Orange Community Housing Corporation was preparing to begin its first
official year in operation and was searching for an Executive Director, they requested to be included in the
County's Employee Benefit Plans for at least one year so they would have time to research other ways to provide
these benefits to employees with the assistance of an executive director,and
Whereas on October 16, 1990 the Orange County Board of Commissioners voted unanimously to
provide access to one staff member of Orange Community Housing Corporation in the County Benefit Plans for
at least one year;and
Whereas, CHT has grown to eight (8) employees and the County has continued to allow CHT(formerly
Orange Community Housing Corporation and Orange Community Housing and Land Trust)to "piggyback" on the
County's Employee Benefit Plans over the years so long as CHT pays the cost of any premiums it utilizes so there
is no direct cost to the County;and
Whereas, the County and CHT desire to define the conditions under which CHT will continue to have
access to the County's Employee Benefit Plans.
NOW THEREFORE,the County and CHT agree to the following:
1. The County will continue to provide access to the County's Employee Benefit Plans for CHT
employees.
2. CHT will pay the full cost of their benefit plan and no costs will be subsidized by Orange County.
3. CHT will continue to have access to the County's Employee Benefit Plans so long as there are no
adverse effects on the County's premiums or Benefits Plans.
4. The County will review the effect of CRT's participation on the County's Employee Benefit Plans on
an annual basis.
5. The Term of this MOU shall be January 1,2012 through December 31,2013.
6. Upon the expiration and/or termination of this MOU CHT shall no longer have access to County's
Employee Benefit Plans.
7. /Either party may terminate this MOU upon six months' notice.
This th�tOday o�f January,2012.
FOR THE COUNTY: FOR COMMUNITY HOME TRUST:
Frank W.Cliff ,Jr.,County Manager Robert Dowling, Executive Dire r
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