09/09/2003 Resolutions 2003-259
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RES 0 L UTI 0 N 2003-259
WHEREAS, the City of Grand Island invited proposals for 501(c)(9) Veba Trust
(V oluntary employee benefits association), according to plans and Request for Proposals on file with
the Human Resources Department; and
WHEREAS, proposals were due on August 20,2003; and
WHEREAS, Security Benefit Group of Companies of Topeka, Kansas, submitted a
proposal in accordance with the terms of the Request for Proposals and all other statutory
requirements contained therein; and
WHEREAS, it is anticipated that during the 2003-2004 fiscal year, the City will
contribute into the plan $16.00 per pay period for nonunion full-time employees and will contribute
$12.00 per pay period for nonunion part-time employees with benefit status; and
WHEREAS, subsequent contributions by the City will be determined and approved as
part of the annual budget process; and
WHEREAS, there is no administrative costs to the City for Security Benefit to
administer the program; and
WHEREAS, a proposed agreement with Security Benefit Group of Companies for
such services has been reviewed and approved by the City Attorney.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1. The proposal of Security Benefit Group of Companies of Topeka, Kansas to administer a
501(c)(9) Veba Trust (Voluntary employee benefits association) plan is hereby approved.
2. For the 2003-2004 fiscal year, the City will contribute $16.00 per pay period for nonunion
full-time employees and will contribute $12.00 per pay period for nonunion part-time
employees with benefit status.
3. Subsequent contributions by the City will be approved as part of the annual budget process.
4. A contract between the City and Security Benefit be entered into for such project; and the
Mayor is hereby authorized and directed to execute such agreement on behalf ofthe City of
Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, September 9,2003.
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RaNae Edwards, City Clerk
Approved as to Form 1:1
September 5, 2003 1:1 City Attorney