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HomeMy WebLinkAbout2007-2-7243223 ORDINANCE NO. 2007-2-7243 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT WITH MUTUAL OF OMAHA FOR PROVIDING TO THE CITY STOP LOSS INSURANCE COVERAGE FOR THE GROUP HEALTH INSURANCE PLAN FOR THE CITY OF PADUCAH, KENTUCKY BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah accepts the rates offered through Mutual of Omaha for Stop Loss Insurance Coverage for the Group Health Insurance Plan for the City of Paducah, Kentucky employees in an amount not to exceed $146,449. SECTION 2. The Mayor is hereby authorized to execute all documents relating to same with Mutual of Omaha for coverage authorized in Section 1 above. SECTION 3. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. A/%TTEST: A &ML Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, January 23, 2007 Adopted by the Board of Commissioners, February 13, 2007 Recorded by Tammara S. Brock, City Clerk, February 13, 2007 Published by the Paducah Sun, February 21, 2007 \word\ord\pers\health ins reinsurer -stop loss coverage