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108000 0 1 RESOLUTION NO. 10,800 2 A RESOLUTION AUTHORLMG THE CITY MANAGER TO 3 ENTER INTO A TWO -YEAR CONTRACT EXTENSION 4 WITH UNUM LIFE INSURANCE COMPANY OF AMERICA, 5 FOR THE PURPOSE OF PROVIDING LONG -TERM 6 DISABILITY INSURANCE COVERAGE FOR NON - 7 UNIFORM CITY EMPLOYEES; AND FOR OTHER 8 PURPOSES. 9 WHEREAS, the City of Little Rock provides long -term disability insurance coverage for 10 non - uniform City employees; and 11 WHEREAS, City staff has reviewed the availability of coverage, utilization rates and rate 12 guarantees in order to provide this coverage in the most cost efficient manner; and 13 WHEREAS, a review of coverage available from major insurance providers shows that the 14 renewal quote from the incumbent provider, UNUM Life Insurance Company of America, is the least 15 expensive mechanism for providing long -term disability insurance coverage to non - uniform City 16 employees; and 17 WHEREAS, the current two -year rate guarantee for the insurance expires April 30, 2000, 18 thereby making it imperative to enter into the extension. 19 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF 20 THE CITY OF LITTLE ROCK, ARKANSAS: 21 Section 1. The City Manager is hereby authorized to enter into a two -year contract 22 extension with UNUM Life Insurance Company of America for the provision of long -term disability 23 insurance coverage for the City's non - uniform employees. 24 Section 2. The funding for this benefit has been included in the 2000 annual budget. 25 ADOPTED: April 4, 2000 26 ATTEST: 27 v 28 Nancy Woo , City Clerk 29 30 31 32 APPROVED AS TO LEGAL FORM: Thomas M. Carpenter, City Attorney I APPR 1D: Jim D ' y, Mayor