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HomeMy WebLinkAboutRES 20-123-ARESOLUTION NO. 20-123-A WHEREAS, on June 16, 2020, the City Council of the City of Beaumont, Texas adopted Resolution No. 20-123 authorizing the City Manager to execute a three (3) year contract with CIGNA in the estimated annual amount of $82,472.00 for Basic Life and Accidental Death and Dismemberment (AD&D), Supplemental Life and Accidental Death and Dismemberment and Dependent Life Insurance effective January 1, 2021; and, WHEREAS, the correct term for the various life insurance policies is one (1) year with four (4) additional extensions of one (1) year each for a total of five (5) years; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the statements and findings set out in the preamble to this resolution are hereby, in all things, approved and adopted; and, THAT the City Manager be and he is hereby authorized to execute a one (1) year contract with four (4) additional extensions of one (1) year each for a total of five (5) years with CIGNA in the estimated annual amount of $82,472.00 for Basic Life and Accidental Death and Dismemberment (AD&D), Supplemental Life and Accidental Death and Dismemberment and Dependent Life Insurance effective January 1, 2021. The meeting at which this resolution was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 14th day of July, 2020. U w =t� IV U r Becky Ames -