1994-211 ORDINANCE NO. ~g-- 2%%
AN ORDINANCE AUTHORIZING AN EXTENSION TO THE CITY'S CONTRACT WITH
NORTH AMERICAN LIFE ASSURANCE COMPANY; AUTHORIZING THE EXPENDITURE
OF FUNDS THEREFOR; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, on the 19th day of January, 1993, the City of Denton
entered into a contract with North American Life Assurance Company
for life and accidental death and dismemberment insurance for City
employees; and
WHEREAS, said contract provided the city an option to renew
the contract for up to three additional one-year terms; and
WHEREAS, the City Manager having recommended to the city
Council that the City exercise the option to renew for an ad-
ditional term, as North American Life Assurance Company representa-
tive Carey Malek has advised the city that the rates will remain
the same; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the City Council hereby approves the exten-
sion of the City's contract with North American Life Assurance
Company, and authorizes the City Manager to take any action
necessary to effectuate such extension.
SECTION II. That the City Council hereby authorizes the
expenditure of funds as provided in the contract.
SECTION III. That this ordinance shall become effective
immediately upon its passage and approval.
PASSED AND APPROVED this the ~ day offS-- , 1994.
BOB CASTLEBERRY,
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: t~ [ ~%~,~
APPROVED AS TO LEGAL FORM:
DEBRA A. DRAYOVITCH, CITY ATTORNEY