HomeMy WebLinkAboutOrdinance 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.
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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