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9284D D 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 O O D O D D D d � 0 78b NO. 9,284 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT EXTENSION WITH PRUDENTIAL INSURANCE COMPANY OF AMERICA TO PROVIDE HEALTH INSURANCE COVERAGE FOR CITY OF LITTLE ROCK EMPLOYEES FOR A TWELVE MONTH PERIOD EFFECTIVE JANUARY 1, 1995. WHEREAS, Prudential has provided health insurance by way of managed care programs since the City first adopted managed care in 1988; and WHEREAS, Prudential submitted a renewal proposal for coverage effective January 1, 1995, which provides for a 4.6% decrease in premium rates; and WHEREAS, after review by staff and the City's independent insurance consultant it is recommended that the contract be renewed based on the proposed premium and Prudential's aggressive management of health care costs; and WHEREAS, this renewal represents the second year of a maximum three year contract. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is authorized to enter into a contract with the Prudential Insurance Company of America to provide health care insurance coverage for City of Little Rock employees for a twelve month period, effective January 1, 1995. ADOPTED: December 6, 1994 ATTEST: .D AS TO FORM: Wo Z ilk m- g75- P/1