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HomeMy WebLinkAbout9030r � 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 9 RESOLUTION NO. 9,030 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT WITH STANDARD INSURANCE COMPANY TO PROVIDE LIFE INSURANCE COVERAGE FOR CITY OF LITTLE ROCK EMPLOYEES FOR A 12 -MONTH PERIOD EFFECTIVE JANUARY 1, 1994. 514 WHEREAS, a Request for Proposal for life insurance benefits for City employees was issued in August, 1993, with a response deadline of October 1, 1993; and WHEREAS, in response to that request, ten organizations submitted proposals for life insurance coverage; and WHEREAS, based on detailed analysis of all proposals and a two -year rate guarantee at a substantially reduced premium rate, it is recommended that the contract for life insurance coverage for City employees be awarded to Standard Insurance Company. 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 Standard Insurance Company to provide life insurance coverage for City of Little Rock employees for a 12 -month period effective January 1, 1994. ADOPTED: Novaaber 2, 1993 ATTEST: ROBBIE HANCOCK' CITY CLERK APPROVED AS TO FORM: THOMAS M. CAR CITY ATTORNEY ..O .D JIM '� AS