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626
RESOLUTION NO. 9,546
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO RENEW THE CONTRACT WITH
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,
1996.
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 5%
increase 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 third 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 renew the
contract with 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, 1996.
ADOPTED: November 7, 1995
ATTEST:
APPROVED AS TO FORM:
CITY ATTORNEY
APPROVED:
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