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Ordinance No. 16,032 ORDINANCE NO. 16,031 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING PAYMENT TO THE EQUITABLE FINANCIAL LIFE INSURANCE COMPANY AS THE CARRIER/ADMINISTRATOR FOR THE CITY OF BAYTOWN'S LONG-TERM DISABILITY BENEFITS, SHORT-TERM DISABILITY BENEFITS,AND LIFE INSURANCE BY THE CITY OF BAYTOWN IN AN AMOUNT NOT TO EXCEED FIVE HUNDRED TWENTY-FIVE THOUSAND AND NO100 DOLLARS ($525,000.00); MAKING OTHER PROVISIONS RELATED THERETO; 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 authorizes payment to the Equitable Financial Life Insurance Company in an amount not to exceed FIVE HUNDRED TWENTY-FIVE THOUSAND AND NO!100 DOLLARS ($525,000.00) as the carrier administrator for the City of Baytown's long-term disability, short-term disability, and life insurance benefits. Section 2: That the City Manager is hereby granted general authority to approve a decrease or an increase in costs by FIFTY THOUSAND AND NO 100 DOLLARS($50,000.00)or less,provided that the amount authorized in Section 2 hereof may not be increased by more than twenty-five percent(251 o). 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 12i1'day of December, 2024. gNYTdyl, NDON CAPETILLO, ayor ATTEST: pF •�.....°•.'1%T ANGE JA lerl�. 0 ° '9T 0 F- APPROVED S T SCOTT L NjbND., City Attorney R:Ordinances and ResolutionslOrdinance Drafts 2024-12-12 Ordinance Authorizing Payment to Equitable Financial Life Insurance for Long- Term Disability.Short-Term Disability,and Life Insurance.docc