Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a one-year Extension Agreement With Benefit Insurance Marketing, Inc., to extend professional services for the LFUCG Optional Employee Benefit Programs, expiring on December 31, 2017, at a cost not to exceed $117,000. [Div. of Human Resources, Maxwell]
Summary
Authorization to execute an Agreement to extend the current Contractual terms between Benefit Insurance Marketing and Lexington-Fayette Urban County Government for an additional year ending December 31, 2017. Professional service fees will continue to be the same at $9,750 per month. Funds are already Budgeted and allocated for this purpose. (L1138-16) (Maxwell/Hamilton)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Andrea Brown
Risk Management: No
Fully Budgeted: Yes
Account Number: 6002-160504-1841-71203
This Fiscal Year Impact:
Annual Impact: $117,000
Project:
Activity:
Budget Reference:
Current Balance: $1,490,359.81
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the one-year Extension Agreement, which is attached hereto and incorporated herein by reference, with Benefit Insurance Marketing, Inc., to extend professional services for the LFUCG Optional Employee Benefit Programs, expiring on December 31, 2017.
Section 2 - That an amount, not to exceed the sum of $117,000, be and hereby is approved for payment to Benefit Insurance Marketing, Inc., from account #6002-160504-71203, pursuant to the terms of the Agreement.
Section 3- That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL