98-8566r
24
RESOLUTION NO. 8566
RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE AN AGREEMENT WITH
FORTIS INSURANCE COMPANY FOR
LONG-TERM DISABILITY INSURANCE BENEFITS
WHEREAS, the City is required by Minnesota statutes to request proposals
for group insurance coverage at least once every five years; and
WHEREAS, the City requested proposals for long-term disability insurance
coverage for benefit years beginning in 1998; and
WHEREAS, the City made benefit and cost comparisons evaluating all the
proposals, using written criteria; and
WHEREAS, Fortis provided the lowest premium cost and met all of the City's
criteria; and
WHEREAS, the proposed premium rate will be a substantial annual savings
for the City.
NOW, THEREFORE, BE IT RESOLVED the City Manager is authorized to
execute an agreement with Fortis Insurance Company for long-term disability insurance
benefits for the three-year period beginning April 1, 1998.
Adopted by the City Council of the City of Richfield, Minnesota this 23th day of
March,1998.
ATTEST:
~PQ~
Thomas P. Ferber, City Clerk