Award The Hartford a five-year agreement for Life Insurance effective January 1, 2019 through December 31, 2023 in the amount of $2,616,647, with the option to renew for additional one-year increments. Additionally, award Hartford a five-year agreement for Long-Term Disability insurance effective January 1, 2019 through December 31, 2023 in the amount of $564,186 with the option to renew for additional one-year increments, and uthorize the City Manager to execute annual renewal options for both contracts with aggregate price fluctuations of the lesser of up to $50,000 or 25%, per contract, of the original contract value so long as sufficient funding is appropriated by the City Council to satisfy the City’s obligation during the renewal terms

Agenda Item Consent Agenda Introduced September 6, 2018

What this record is

Amount: $2.62M
Runs until: December 31, 2023 already ended date quoted from the award document
Type: award

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