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HomeMy WebLinkAbout1781 ResolutionRESOLUTION NO. 1781 A RESOLUTION authorizing a program of medical/dental self insurance; authorizing the City Manager to enter into a one-year agreement for claims administration; authorizing expenditures into the medical/dental insurance fund; and, authorizing a loan from the Stadium/Convention Fund. WHEREAS, a program of medical/dental insurance benefits has been maintained for City employees, both within and without recognized bargaining units; and, WHEREAS, the insurer for the medical/dental insurance program has notified the City of substantial rate increases that were to be effected on June 1, 1987 at the time of renewal of said insurance program; and, WHEREAS, the City Manager has proposed a self insurance program of medical/dental benefits to City employees consistent with the program of medical/dental insurance benefits provided by the insurer at a more modest increase in cost, which plan appears in the best interest of both the City and its covered employees, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO RESOLVE AS FOLLOWS: - 1. The City Manager is authorized to implement a program of medical/dental benefits consistent with the program of benefits formerly provided through Centralife Insurance Company effective 6/1/87. 2. The City Manager is authorized to enter into a 1-year agreement with Blue Cross of Washington and Alaska, effective June 1, 1987 through May 31, 1988, which Agreement shall provide for the administration of claims under the medical/dental program and for individual and aggregate stop loss insurance. 3. General fund expenditures are authorized into the medical/dental insurance fund at composite rates per each employee classification in such amounts necessary to insure the fiscal soundness of the fund and medical/dental insurance program. ELLS, City Clerk VED AS TO FORM:,, AP -2- 4. A short term interfund loan (maximum 18 months) from the Stadium/Convention Center Fund to the Medical/Dental Fund is authorized in the maximum amount of $150,000, with interest thereon at the rate of 5.5% for the term of the loan. PASSED this 1st day of June, 1987, and APPROVED by the Mayor. GREG RUBSTELLO, City Attorney