Award Navia Benefit Solutions a one-year agreement for Flexible Spending and Dependent Care Account Administration Services (at a contracted rate of $4.75 per participant per month; estimated at $17,100 per year, approximately $85,500 for five years) effective January 1, 2019 through December 31, 2019 with the option to renew annually unless terminated by either party, and authorize the City Manager to execute up to five annual renewal options for this agreement with aggregate price fluctuations of the lesser of up to $50,000 or 25% 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 (renewal options beyond the five specified can be authorized however will require additional City Council approval)

Agenda Item Consent Agenda Introduced September 19, 2018

What this record is

Amount: $86K
Runs until: December 31, 2019 already ended date quoted from the award document
Type: award

Read automatically from the title of the official record. The source document below is authoritative.