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1998-437 o r ANCE NO AN ORDINANCE ACCEPTING COMPETITIVE BIDS AND AWARDING AN INSURANCE CONTRACT FOR LONG TERM DISABILITY INSURANCE, PROVIDING FOR THE E..X~ENDITURE OF FUNDS THEREFOR, AND PROVIDING AN EFFECTIVE DATE (BID #2250 - LONG TERM DISABILITY INSURANCE TO UNUM LIFE INSURANCE COMPANY OF AMERICA IN THE APPROXIMATE AMOUNT OF $100,000) WHEREAS, the City has solicited, received and tabulated competitive bids for the purchase of necessary materials, equipment, supphes or services m accordance with the procedures of STATE law and City ordlnances, and WHEREAS, the City Manager or a designated employee has reviewed and recommended that thc herein described bids are the lowest responsible bids for the materials, equipment, supplies or services as shown in the "Bid Proposals" submitted therefore, and WHEREAS, the City Council has provided in the City Budget for the appropnation of funds to be used for the purchase o£the materials, equipment, supplies or services approved and accepted herein, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS ~ That the numbered items in the following numbered bids for materials, equipment, supplies, or services, shown in the "Bid Proposals" attached hereto, are hereby accepted and approved as being the lowest responsible bids for such items BID ITEM 1, JMBER lqO VENVO AMOUNT 2250 ALL UNUM LIFE INSURANCE COMPANY EXHIBIT "A" SECTION II That by the acceptance and eppmval of the above numbered items of the submitted bids, the City accepts the offer of the persons submitting the bids for such items and agrees to,purchase the materials, equipment, supplies or servmes m accordance with the terms, specifications, standards, quantities and for the specified sums contmned in the Bid Inwtatmns, Bid Proposals, and related documents SECTION III That should the C~ty and persons submithng approved and accepted items and of the submitted bids wish to enter into a formal written agreement as a result of the acceptance, approval, and awarding of the bids, the City Manager or h~s designated representative is hereby authorized to execute the written contract wluch shall be attached hereto, provided that the written contract is in accordance w~th the terms, conditions, specifications, standards, quantities and specified sums cont0aned in the Bid Proposal and related documents herein approved and accepted ~ That by the acceptance and approval of the above numbered items of the submitted,bids, the City Council hereby authonzes the expenditure of funds therefor m the amount and In accordance with the approved bids or pursuant to a written contract made pursuant thereto as authorized here~n ~ That flus orthnance shall become effective ~mmedmtely upon Its passage and approval ./ J~I~,IILLER, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM' HERB ERT L P.ROUTYSI~TY/~OP~E.Y 2250 ShrilLY OR~DII~~f EXHIBIT "A" TABULATION SHEET rqD # 2250 BID NAME LONG TERM DISABILITY DATE 17-Sep-g8 ~#~I~ h! ~!i~I~r~iVENDOR~~'' '? Per $t00 Payroll, UNUM $0 28O