Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Contract with the Prudential Insurance Co. of America, for Group Life Insurance for all LFUCG employees, effective January 1, 2012, at a cost not to exceed $747,000. [Div. of Human Resources, Walters]
Summary
Authorization to approve a contract with The Prudential Insurance Company of America for Group Life Insurance for all LFUCG employees, effective January 1, 2012. (L436-12) (Walters/Graham)
This is a request to approve a contract with The Prudential Insurance Company of America for Group Life Insurance for all LFUCG employees, effective January 1, 2012. Funds are budgeted.
Budgetary Implications: Yes/NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number: 6002-160504-1841-63615
This Fiscal Year Impact: $747,000
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: 3,166,521.58
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 and directed to execute the Contract, which is attached hereto and incorporated herein by reference, with The Prudential Insurance Company of America, for group life insurance for all LFUCG employees, effective January 1, 2012.
Section 2 - That an amount, not to exceed the sum of $747,000.00, be and hereby is approved for payment to The Prudential Insurance Company of America, from account #6002-160504-1841-63615, pursuant to the terms of the Contract.
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
436-12 BS GHGX:\Cases\HR\12-LE0001\LEG\00345760.DOC