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<br />74 <br /> <br />RESOLUTION 1986-147R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, EXERCISING ITS OPTION FOR A SECOND YEAR <br />OF HEALTH INSURANCE COVERAGE WITH BENEFIT TRUST LIFE <br />INSURANCE COMPANY, CHANGING THE COVERAGE YEAR TO <br />COINCIDE WITH THE CALENDAR YEAR, ESTABLISHING A RESERVE <br />FUND, ESTABLISHING A CLAIMS ACCOUNT, AUTHORIZING THE <br />CITY MANAGER TO PROVIDE FOR THE CITY TO PAY ANY <br />INCREASES IN EMPLOYEE DEPENDENTS' COVERAGE AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> <br />SAN <br /> <br />MARCOS, <br /> <br />TEXAS: <br /> <br />PART 1. That the City hereby exercises its option for a second <br />year of health insurance coverage with Benefit Trust Life Insurance <br />Company as provided in its agreement with said Company. <br /> <br />PART 2. That the coverage year for health insurance with Benefit <br />Trust Life Insurance Company be changed, and it is, hereby, changed <br />to coincide with the calendar year, effective January 1, 1987. <br /> <br />PART 3. That the City Manager is directed to establish an account <br />at University Savings Association in the amount of Eighty-Four Thousand <br />Dollars ($84,000.00) as a pledge of the City to be used as a reserve <br />fund to pay any claims and deficits which may result from the future <br />cancellation of the health insurance policy with Benefit Trust Life <br />Insurance Company, with the City to retain any interest earned on said <br />account. <br /> <br />PART 4. That the City Manager is directed to establish an account <br />at University Savings Association to serve as a claims account in an <br />amount sufficient to cover claims payments, with the City to retain any <br />interest earned on said account. <br /> <br />PART 5. That the City Manager is authorized to take those actions <br />necessary to cause the City to pay any increase in employee dependents' <br />coverage under the health insurance policy with Benefit Trust Life <br />Insurance Company. <br /> <br />PART 6. That this Resolution shall be in full force and effect <br />from and after its passage. <br /> <br />ADOPTED this <br /> <br />8 <br /> <br />day of <br /> <br />DeCelT).,~ <br /> <br />, 19 86 <br /> <br />?iftst: ,,\J!) , / <br />/ ~/!A~~ <Øf ~/ <br />Ja is K. Womack <br />Ci ty Secretary <br /> <br />"",:,.:"ç:êr\'-'\j\.. ....~ <br />, ..JJ If. YWng ÊIT <br />Mayor <br />