HomeMy WebLinkAboutResolutions - No. 2000-140RESOLUTION NO. 2000-140
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
INCREASE IN MONTHLY FEE PAID TO MID -CENTRAL VALLEY
INSURANCE PRODUCERS AS THE BROKER OF RECORD FOR
THE CITY OF LODI FOR EMPLOYEE BENEFITS, AND FURTHER
AUTHORIZING STAFF TO SOLICIT PROPOSALS FOR THE
BROKER OF RECORD CONTRACT
WHEREAS, the Lodi City Council approved the contract with Mid -Central
Valley Insurance Producers (MCV) as the Broker of Record for the City of Lodi
for employee benefits in the amount of $49,250.00 on January 21, 1998; and
WHEREAS, in the process of providing this service to the City of Lodi,
Mid -Central Valley Insurance Producers have incurred unanticipated costs and is
currently operating at a loss of $2,513.75 per month; and
WHEREAS, MCV requests an increase of $2,513.75 in their monthly fee
bringing the total monthly fee to $6,700.00; and
WHEREAS, staff recommends approving this fee increase and then
during fiscal year 2000-2001 seek competitive proposals for the Broker of
Record Contract.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City
of Lodi hereby authorizes an increase of $2,513.75 in Mid -Central Valley
Insurance Producers, Inc. monthly fee as the Broker of Record for the City of
Lodi for employee benefits, and further authorizes staff to solicit proposals for the
Broker of Record contract during fiscal year 2000-2001.
Dated: August 2, 2000
I hereby certify that Resolution No. 2000-140 was passed and adopted by
the City Council of the City of Lodi in a regular meeting held August 2, 2000 by
the following vote:
AYES: COUNCIL MEMBERS — Hitchcock, Land, Nakanishi,
Pennino and Mann (Mayor)
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
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SUSAN J. B KSTON
City Clerk
2000-140