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HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA Kok eOt TO : FROM : norable Ma the City Co c Arriola hief Administrator INTER -OFFICE MEMORANDUM DATE : SUBJECT: REFERENCES: ENCLOSURES: October 15, 2004 FILE : A resolution authorizing the City Manager to Execute an agreement with the #1 ranked firm for RFP #03-04-078 — Employee Benefit Life & AD&D Plan RECOMMENDATION It is respectfully recommended that the City Commission adopt the attached resolution authorizing the City Manager to execute an agreement, in a form acceptable to the City Attorney, with the top ranked firm, Minnesota Mutual, for RFP #03-04-078 for Employee Benefit Life and AD&D Plan. The agreement is for 3 years with 2 options to renew for two years each. The funding will be provided from Account Code 514401.623301.6.655. BACKGROUND The City issued an RFP on August 20, 2004 for Employee Benefit Life & AD&D Plan requesting quotes on the current coverage levels, as well as, optional voluntary life products. The cost of the voluntary program would be paid for 100% by the employees. Responses for this RFP were due to the City Clerk by September 20, 2004. An evaluation committee analyzed the proposals received and made a recommendation to the City Commission to allow the right to negotiate with the top ranked firm. The City Commission authorized permission to negotiate with these firms at the October 14, 2004 meeting. The attached agreement has been successfully negotiated to the City's satisfaction and is ready for implementation. Thank you. (2,p. RF