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Ordinance No. 14,975ORDINANCE NO.14,975 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS, AUTHORIZING PAYMENT OF AN AMOUNT NOT TO EXCEED TWO MILLION FIVE HUNDRED THOUSAND AND NO/lOO DOLLARS ($2,500,000.00)TO STEALTH PARTNER GROUP AS THE CARRIER/ADMINISTRATOR FOR THE CITY OF BAYTOWN'S 2022 STOP LOSS COVERAGE;AUTHORIZING;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 payment of an amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($2,500,000.00)to Stealth Partner Group as the carrier/administrator for the City of Baytown's 2022 stop loss coverage. Section 2:That for the specific and aggregate slop 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 NO/lOO 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 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 thej^rmative vole of the Cilypouncil of the City of Baytownthis the 9"'day of December,2021. ATTEST: ANGELA(jACKSON,City APPROVED AS TO FORM: iN L.HORNER,City Attorney R:\Karcn Homer\Documents\Filcs'\City Council\Ordinances\2021 \Dccembcr 9\StopLossCoveragc.ciocx O,Mayor