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Ordinance No. 13,665ORDINANCE NO. 13665 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING THE CITY MANGER TO EXECUTE AND THE CITY CLERK TO ATTEST TO A SERVICE AGREEMENT WITH RELIASTAR LIFE INSURANCE COMPANY/VOYA FINANCIAL AS THE CARRIER/ADMINISTRATOR FOR THE CITY OF BAYTOWN'S STOP LOSS COVERAGE; AUTHORIZING PAYMENT OF AN AMOUNT NOT TO EXCEED ONE MILLION TWO HUNDRED SIXTY-ONE THOUSAND AND NO/100 DOLLARS ($1,261,000.00) FOR THE SPECIFIC AND AGGREGATE STOP LOSS COVERAGE; 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 the City Manager to execute a service agreement with ReliaStar Life Insurance Company/Voya Financial, as the carrier/administrator for the City of Baytown's stop loss coverage. Section 2: That the City Council of the City of Baytown authorizes payment to ReliaStar Life Insurance Company/Voya Financial in an amount not to exceed ONE MILLION TWO HUNDRED SIXTY-ONE THOUSAND AND N0/100 DOLLARS ($1,261,000.00) pursuant to the agreement referenced in Section 1 hereof. Section 3: 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 N0/100 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 4: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. j% INTRODUCED, READ and PASSED by the affirmative vote of tbf City Council of the City of Baytown this the 10 day of December, 2017. H. DONCARLOS, Mayor APPROVED AS TO FORM: NCIO RMIREZ, SR., C' y A oney 1+oAlegl'Aen Files City Counci mances\2017.December 14,SWpL.ossCoverage.doc