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R2017-74 Contract Extension with JL Hubbard Insurance for Employee Benefit Insurance Broker Services
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R2017-74 Contract Extension with JL Hubbard Insurance for Employee Benefit Insurance Broker Services
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6/20/2017 11:00:29 AM
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6/20/2017 10:57:45 AM
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Resolution/Ordinance
Res Ord Num
R2017-74
Res Ord Title
Contract Extension with JL Hubbard Insurance and Bonds for Employee Benefit Insurance Broker and Advisory Services
Department
Finance
Approved Date
6/5/2017
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Item Coversheet Page 2 of 2 <br /> • Guided the city in the creation of the City's first and second "annual health fairs" for city employees, retirees, library <br /> employees <br /> • Automation of the city's annual benefit enrollment process to move from a "manual paper process" to a "internet based <br /> electronic process",improving the efficiency of the process <br /> • Continued guidance to the city as we move forward in the re-engineering of new and improved employee benefit programs <br /> and offerings to city employees,retirees and connected parties <br /> POTENTIAL OBJECTIONS: There are no known objections to this resolution. <br /> INPUT FROM OTHER SOURCES: <br /> No input from other sources. <br /> STAFF REFERENCE: Tim Gleason,City Manager Gregg D.Zientara,City Treasurer&Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> The annual broker and advisory fee is as follows: <br /> Period Annual fee <br /> June 1, 2017 to May 31, $41,200 3%increase from prior period <br /> 2018 <br /> June 1, 2018 to May 31, $42,436 3%increase from prior period <br /> 2019 <br /> Extension options <br /> June 1, 2019 to May 31, $43,709 3%increase from prior period <br /> 2020 <br /> June 1, 2020 to May 31, $45,020 3%increase from prior period <br /> 2021 <br /> The June 1,2017 to May 31,2018 fee proposal is included in the City's 2017 budget. <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Resolution Letter <br /> Service agreement 13ackul) \Iatcrial <br /> https://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=1149 6/5/2017 <br />
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