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RESOLUTION 2018-121R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING CONTRACTS THROUGH OCHS, INC. WITH <br /> MINNESOTA LIFE INSURANCE COMPANY, AND MADISON NATIONAL LIFE <br /> INSURANCE COMPANY FOR BASIC TERM LIFE, VOLUNTARY LIFE, AD&D, <br /> AND LONG TERM DISABILITY ADMINISTRATION (RFP 218-172), FOR AN <br /> ESTIMATED ANNUAL AMOUNT OF 590,000.00 WITH EXPECTED GROWTH <br /> EACH YEAR FOR CITY EMPLOYEE POOL GROWTH IN AN AMOUNT NOT <br /> TO EXCEED $567,130.00; AUTHORIZING THE CITY MANAGER OR HIS <br /> DESIGNEE TO EXECUTE THE APPROPRIATE DOCUMENTS ON BEHALF OF <br /> THE CITY AND DECLARING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The contracts through Ochs, Inc. with Minnesota Life Insurance Company, <br /> and Madison National Life Insurance Company for basic term life, voluntary life, an ad&d, and <br /> long term disability administration (RFP 218-172), for an estimated annual amount of <br /> $90,000.00 with expected growth each year for city employee pool growth in an amount not to <br /> exceed$567,130.00 is approved. <br /> PART 2. The City Manager or his designee is authorized to execute the appropriate <br /> documents on behalf of the City. <br /> PART 3. This resolution shall be in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED this the 7th day of August 2018. <br /> John homaides <br /> Mayor <br /> Attest: b <br /> , it a . <br /> Jamie I,— Case <br /> ity Cle' <br />