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Ordinance No. 15,306 ORDINANCE NO. 15,306 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS, AUTHORIZING PAYMENT OF AN AMOUNT NOT TO EXCEED TWO MILLION FIFTY THOUSAND AND NO'100 DOLLARS ($2,050,000.00) TO STEALTH PARTNER GROUP AS THE CARRIER/ADMINISTRATOR FOR THE CITY OF BAYTOWN'S 2023 STOP LOSS COVERAGE; AUTHORIZING; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************************************* BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS: Section 1: That the City Council of the City of Baytown,Texas,hereby authorizes payment of an amount not to exceed TWO MILLION FIFTY THOUSAND AND NO 100 DOLLARS($2,050,000.00) to Stealth Partner Group as the carrier administrator for the City of Baytown's 2023 stop loss coverage. Section 2: That for the specific and aggregate stop loss coverage, the City Manager is hereby granted general authority to approve any change order involving a decrease or an increase in costs of FIFTY THOUSAND AND NO 100 DOLLARS ($50,000.00) or less; however, the original contract price may not be increased by more than twenty-five percent(25%)or decreased by more than twenty-five percent(25%)without the consent of the contractor to such decrease. Section 3: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 8'day of December,2022. NDON CAP ET—1LT`O7jAayor EST: cc NYTt?6v�, O•• •a • G� N ANGELArk ° •• a co APPROVED A ••U r ���° -'F' �Y SCOTT L MOND,City Attorney R:Karen Anderson.ORDINANCES\2022\2022.12.08 StopLossCoverage.docx