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Ordinance No. 13,965ORDINANCE NO. 13,965 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE AND THE CITY CLERK TO ATTEST TO A SERVICE AGREEMENT WITH UNUM GROUP AS THE CARRIER/ADMINISTRATOR FOR THE CITY OF BAYTOWNS STOP LOSS COVERAGE; AUTHORIZING PAYMENT OF AN AMOUNT NOT TO EXCEED ONE MILLION FIVE HUNDRED FORTY THOUSAND AND N0/100 DOLLARS ($1,540,000.00) 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 Unum Group, 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 Unum Group in an amount not to exceed ONE MILLION FIVE HUNDRED FORTY THOUSAND AND N0/100 DOLLARS ($1,540,000.00) 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. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 13'h day of December, 2018. APPROVED AS TO FORM: e NACIO RAMIREZ, SR., y Attorney BRANDON CAPETILLO, Mayor \\COBFSOI\Legal\Karen\Files\City Council\Ordinances\2018\December 13\StopLossCovemge.dcc