93-7979R27
RESOLUTION N0. 7979
RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE AN AGREEMENT WITH
AMERICAN CENTURION/SCHOOLS INSURANCE FUND FOR
LONG-TERM DIS
ABILITY 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, twice the City requested proposals for long-term
disability insurance coverage for benefit years beginning in
1993; and
WHEREAS, the City made benefit and cost comparisons
evaluating all the proposals, using written criteria; and
WHEREAS, only one carrier, American Centurion/Schools
Insurance Fund, 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 has
authorized to execute an agreement with American
Centurion/Schools Insurance Fund for long-term disability
insurance benefits for the five year period ending December 31,
1997.
Adopted by the City Council of the City of Richfield,
Minnesota this 8th day of February, 1993
~,
Martin J. Ki s h, Mayor
ATTEST:
' c
Thomas P. Ferber, City Clerk