08/10/2004 Resolutions 2004-199
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RES 0 L UTI 0 N 2004-199
WHEREAS, the City of Grand Island invited proposals for Employee Group Life
Insurance Plan in accordance with a Request for Proposal on file with the Human Resources
Department; and
WHEREAS, on June 15,2004, proposals were received, reviewed and evaluated in
accordance with established criteria; and
WHEREAS, Aetna Life Insurance Company 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 $56,000 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 ofthe plan. .
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the proposal of Aetna Life Insurance
Company of Hartford, Connecticut, for an employee group life insurance plan is hereby approved.
BE IT FUR THER 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, August 10, 2004.
Q~\\a~- IDArn,.J:h
RaNae Edwards, City Clerk
Approved as to Form a
August 5, 2004 a City Attorney