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Ordinance No. 14,628ORDINANCE NO. 14,628 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, RENEWING THE AGREEMENT WITH THE LINCOLN NATIONAL LIFE INSURANCE COMPANY AS THE CARRIERIADMINISTRATOR FOR THE CITY OF BAYTOWN'S LONG-TERM DISABILITY BENEFITS; AUTHORIZING PAYMENT BY THE CITY OF BAYTOWN IN AN AMOUNT NOT TO EXCEED ONE HUNDRED NINETY THOUSAND AND N01100 DOLLARS ($190,000.00); 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, Texas, hereby renews its agreement with The Lincoln National Life Insurance Company as the carrier.'administrator for the City of Baytown's long-term disability benefits for an additional one-year term. Section 2: That the City Council of the City of Baytown authorizes payment to The Lincoln National Life Insurance Company in an amount not to exceed ONE HUNDRED NINETY THOUSAND AND NO.'100 DOLLARS ($190,000.00) to The Lincoln National Life Insurance Company as the carrieriadministrator for the City of Baytown's long-term disability benefits in accordance with the agreement authorized in Section 1 hereinabove. Section 3: 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 (25° o). 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 10°i day of December, 2020. ON CAPETILLO Mayor ATTESA 9- *��rej� eAYTO•�,N,t� v LET CIA BRYSCH, City C y •'sue APPROVED AS TO FORM: • ••°°•�P KAREN L. HORNER, City Attorney R: Karen Homer.DocumentsTiles,City Council Ordinances\2020 December 10 RenewAgreementforLong-TermDisability.doc