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HomeMy WebLinkAbout7864 - Group Health & Life Insurance BenefitsRESOLUTION NO, 7 86 4 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AWARDING A CONTRACT TO THE AETNA LIFE AND CASUALTY COMPANY PROVIDING GROUP HEALTH AND LIFE 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 re- ceived and considered, and the proposal of the Aetna Life and Casualty Company 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 Aetna Life and Casualty Company 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 Aetna Life and Casualty Company, providing group health and life insurance benefits for City employees at an annual premium rate of $336,681.00, said contract to be effective November 1, 1972 through June 30, 1973. ADOPTED this 24th day of ATTEST: •City Clerk CE ^TifiED AS T';N AL CITY CLERK OF THE CITY OF ' ;PO2T BEACH RAT& S .AJ - -- W2 .................... _..... October , 1972° vi/ 715 DON dm 10/24/72