HomeMy WebLinkAboutReso 92-411 - Approve & Authorize the mayor to execute Amendment #11 to the Admin Agreement between COR & Concept Adminstrators, Inc i
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND AUTHORIZING THE MAYOR TO EXECUTE
AMENDMENT #11 TO THE ADMINISTRATION AGREEMENT BETWEEN
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THE CITY OF REDDING AND CONCEPT ADMINISTRATORS, INC.
IT IS HEREBY RESOLVED that the City Council of the City of
Redding hereby approves Amendment #11 to the Administration
Agreement between the City of Redding and Concept Administrators,
Inc. , a true copy of which is attached hereto and incorporated
herein by reference.
BE IT FURTHER RESOLVED that the Mayor of the City of Redding
is hereby authorized and directed to sign Amendment #11 on behalf
of the City of Redding; and the City Clerk is hereby authorized
and directed to attest the signature of the Mayor and to impress
the official seal of the City of Redding thereto.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 6th day of October 1992, and was
!� duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Arness, Kehoe & Moss
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dahl
ABSTAIN: COUNCIL MEMBERS: None
4
V
CHARLIE MOSS, Mayor
City of Redding
A ST: FO PROVED:
N
:' CONNIE STROHMAYER, aty Clerk RAkDALL A. HAYS, City Attorney
AMENDMENT #11 to Administration Agreement between CITY OF REDDING,
hereinafter called "Employer," and CONCEPT ADMINISTRATORS INC., hereinafter
'! called "Administrator."
BANKING ARRANGEMENTS.
Section VII of the Administration Agreement, "Banking Arrangements," is hereby
amended as follows:
SECTION VII BANKING ARRANGEMENTS
(a) During the term of this Agreement:
(i) Employer/Administrator shall establish and maintain a bank account for the
payment of benefits under the Plan in the First Interstate Bank.
(ii) All benefits made under the Plan will be issued by Administrator on checks
payable through the First Interstate Bank, as arranged through the City of
Redding, and will have the signature (or approved facsimile) of the duly
authorized employee of Administrator. Administrator shall be responsible for
security of their facsimile signature procedures.
(b) Employer by this Agreement expressly authorizes Administrator to issue and accept
such checks for benefit payments under the Plan on behalf of Employer; provided
that checks issued for amounts in excess of$10.000.00 shall include the signature
(or approved facsimile) of the duly authorized employee of Administrator, shall be
sent to designated City staff for review, and then shall be signed by a duly
authorized employee of the City of Redding.
Effective upon approval of the Resolution pertaining to this Amendment by the Redding
City Council.
'I All other terms and conditions remain unchanged.
Subject to all applicable terms and conditions of the Agreement to which this
Amendment is attached, Employer and Administrator have caused this Amendment to
be executed in duplicate by their respective officers duly authorized to do so.
CITY OF REDDING: CONCEPT ADMINISTRATORS INC.:
By: By:
i
Title: Title: President
J Dated at: Dated at: Sacramento, California
Date: Date: September 11, 1992