HomeMy WebLinkAbout8552 - Group Health & Life Insurance BenefitsRESOLUTION NO. 8559
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NEWPORT BEACH AWARDING A CONTRACT
TO THE PRUDENTIAL INSURANCE COMPANY OF
AMERICA PROVIDING GROUP HEALTH AND LIFE
Vlk INSURANCE BENEFITS FOR CITY EMPLOYEES
WHEREAS, the group life and health insurance program of the
City has been reviewed, proposals for group life and health insurance
and recommendations thereon have been received and considered, and the
proposal of the Prudential Insurance Company of America has been approved
by the City Council; and
WHEREAS, a policy contract for group life and health insurance
has been presented to the City by the Prudential Insurance Company of
America. and the City Council has reviewed the terms and conditions thereof
and found them to be fair and equitable;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Newport Beach finds that it would be in the best interest of the
citizens of Newport Beach to award the contract to the Prudential Insurance
Company of America, providing group health and life insurance benefits
for City employees at an annual premium rate of $495,223.00, said contract
to be effective July 1, 1975 through June 30, 1976.
BE IT FURTHER RESOLVED that the Assistant to the City Manager
of the City of Newport Beach is authorized to execute said contract on
behalf of the City.
ADOPTED this 14th day of July , 1975.
• ATTEST:
City Clerk
CE FIED AS THE 0 "1GINAL
CRY CLERIC OF THE ;• // c; • - --
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