06/24/2008 Resolutions 2008-172RESOLUTION 2008-172
WHEREAS, the City of Grand Island invited proposals for the Employee Group
Life Insurance Plan in accordance with a Request for Proposal on file with the Human
Resources Department; and
WHEREAS, on Apri125, 2008, proposals were received, reviewed and evaluated
in accordance with established criteria; and
WHEREAS, Aetna, Inc., of Hartford, Connecticut, submitted a proposal in
accordance with the terms of the request for proposals and all statutory requirements
contained therein and the City Procurement Code, such proposal being for an annual
amount estimated at $42,000 based on the current employee census for life insurance
coverage for the employee at $50,000, the employee's spouse at $10,000 and $5,000 for
their eligible children; and
WHEREAS, the employee group life insurance premium is dependent on the
current employee census which will vary over the life of the plan.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that the proposal of Aetna, Inc. of
Hartford, Connecticut, for an employee group life insurance plan is hereby approved.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed
to execute such agreement for such services on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, June 24, 2008.
Margaret Horna ayor
Attest:
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RaNae Edwards, City Clerk
pproved as to Formp
une 20, 2008 City Attorney