Resolution No. 10093RESOLUTION NO. 10,093
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON APPROVING THE RENEWAL OF LIFE
INSURANCE BENEFITS FROM THE LINCOLN NATIONAL
LIFE INSURANCE COMPANY FOR ACTIVE EMPLOYEES,
IDENTIFIED CONSULTANTS AND CITY COUNCIL
MEMBERS
WHEREAS, on November 3, 2008; the City Council of the
City of Vernon adopted Resolution No. 9755 approving life
insurance benefits for active employees and City Council members
with Lincoln National Life Insurance Company ("Lincoln") for the
period of January 1, 2009 through December 31, 2009; and
WHEREAS, Lincoln has provided the City with a renewal
offer for.life insurance benefits with no change in rate for
active employees, identified consultants and City Council members
for the period of January 1, 2010 through December 31, 2010, with
an annual rate of approximately $10,652.00 guaranteed for a one
(1) year period; and
WHEREAS, by memo dated November 3, 2009, the Risk
Manager recommended that the City renew life insurance benefits
for active employees, identified consultants and City Council
members for the calendar year 2010 based on an approximate annual
premium of $10,652.00,`with no rate increase; and
WHEREAS, the City Council intends to renew the life
insurance benefits for 2010 based upon the recommendations of the
Risk Manager; and
WHEREAS, the City Council of the City of Vernon has
determined that, pursuant to the provisions of subsection (b)(1)
of Section 2.27 of the Vernon City Code, it is in the public
interest and necessity to renew life insurance benefits for active
employees, identified consultants and City Council members with
Lincoln.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon
hereby finds and determines that the recitals contained
hereinabove are true and correct.
SECTION 2: The City Council of the City of Vernon
hereby approves the renewal of Lincoln Financial Basic Life
Insurance for active employees, identified consultants, and City
Council members, with no change in benefits or rates.
SECTION 3: The City Council of the City of Vernon hereby
authorizes the City Administrator, or his designee, to take
whatever action is deemed necessary or desirable for the purpose
of implementing and carrying out the purposes of this Resolution
and the transactions herein approved or authorized.
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SECTION 4: The City Clerk of the City of Vernon shall
certify to the passage, approval and adoption of this resolution,
and the City Clerk of the City of Vernon shall cause this
resolution and the City Clerk's certification to be entered in the
File of Resolutions of the Council of this City.
APPROVED AND ADOPTED this 9th day of November, 2009.
Name: Hilario Gonzales
Title: Mayor / -MQyo���
ATTEST:
14,11
/,/A��� , A"�(L
AA UELA GIRON, CZty Clerk
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STATE OF CALIFORNIA )
ss
COUNTY OF LOS ANGELES )
I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby
certify that the foregoing Resolution, being Resolution No..
10,093, was duly passed, approved and adopted by the City Council
of the City of Vernon at a regular meeting of the City Council
duly held on Monday, November.9, 2009, and thereafter was duly
signed by the Mayor or Mayor Pro-Tem of the City of Vernon.
Executed this day of November, 2009, at Vernon;
California.
(SEAL)
MANUELA GIRON, City Clerk
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CITY CLERK'S OFFICE
INTEROFFICE MEMORANDUM
DATE: November 10, 2009
TO: Willard Yamaguchi, Chief Deputy City Attorney/Risk Manager
FR Nelly Giron, City Clerk
RE: Resolution No. 10,093 - A Resolution of the City Council of
the City of Vernon Approving the Renewal of Life Insurance
Benefits From the Lincoln National Life Insurance Company
for Active Employees, Identified Consultants and City
Council Members
Transmitted herewith is a copy of Resolution No. 10,093 referenced
above, which was approved by City Council on November 9, 2009.
Thank you.
NG : dj
c: Resolution Nos. 9755, 10,093
Agreement No. 08-108
N 0 V 0 3 2009
"1
UI IT ULM Q W5 IV& . Staff Report
Risk Management
DA: November 3, 2009
TO: Honorable Mayor and City Council
APPROVED NOVO 9 '09 CITY Cou1%,-I
FR: Willard G. Yamaguchi, Risk Manager
RE: Lincoln Financial Basic Life Insurance Renewal 2010 �tl
Active Employees, Identified Consultants, and City Council Members
Agenda Item for November 9, 2009
Our insurance broker, Arthur J. Gallagher, was able to secure a renewal of the basic life
insurance policy for active full time employees, identified consultants, and city council members
with no change in rate from 2009. The cost of said renewal is $10,652.
Fiscal Impact
The cost for medical, dental and basic life premiums for active full time employees, identified
consultants, and city council members is $10,652. $14,400 has been budgeted for this
expenditure.
Recommendation
Risk Management recommends the renewal of the Lincoln Financial Basic Life Insurance for
active full time employees, identified consultants, and city council members with no change in
benefits or rate.
cc: Donal O'Callaghan
NOV 0 3 2009
Lv.o` >
Inter Office Memorandum
Risk Management
DA: November 3, 2009
TO: Donal O' O'C
allaghan, aghan, City Administrator
fll/ 9 )nnn
v J LUUJ
CITY CLERK'S OFFICE
FR Willard G. Yamaguchi, Risk Manager M
RE: Lincoln Financial Life Insurance Renewal 2010�\U t SQ d
Full Time Employees, City Council Members, and Identified Consultants
Agenda Item for November 9, 2009
Our insurance broker, Arthur J. Gallagher, was able to secure a renewal of the basic life
insurance policy for active full time employees, identified consultants, and city council members
with no change in rate from 2009. The cost of said renewal is $10,652.
Fiscal Impact
The cost for medical, dental and basic life premiums for active full time employees, identified
consultants, and city council members is $10,652. $14,400 has been budgeted for this
expenditure.
Recommendation
Risk Management recommends the renewal of the Lincoln Financial Basic Life Insurance for
active full time employees, identified consultants, and city council members with no change in
benefits or rate.
rIVED
NOV 0 3 2009