1994-210 ORDINANCE NO.
AN ORDINANCE AUTHORIZING AN EXTENSION TO THE CITY'S CONTRACT WITH
CANADA LIFE ASSURANCE COMPANY; AUTHORIZING THE EXPENDITURE OF FUNDS
THEREFOR; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on the 15th day of January, 1993, the City of Denton
entered into a contract with Canada Life Assurance Company for
disability 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 addition-
al term, as Canada Life Assurance Company representative Ed Olson
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 Canada Life Assurance Company, and
authorizes the city Manager to take any action necessary to effec-
tuate 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 ~5~day of ~O~~, 1994.
BOB CASTLEBERRY, MAY~ ~
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ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
DEBRA A. DRAYOVITCH, CITY ATTORNEY