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HomeMy Public PortalAboutR3791 HR Standard Life Ins Group Life and AD&D ResolutionRESOLUTION NO. 3791 WHEREAS, the adoption of Resolution No. 3791 will exercise option year one (1) of the contract previously authorized by Ordinance No. 15796, adopted November 10, 2021, which authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Standard Life Insurance Company, whereby Standard Life Insurance Company would provide group life and accidental death and dismemberment insurance Districtwide; WHEREAS, said contract provided for an initial term of one (1) year with two (2) additional one-year renewal terms at the option of the District; and WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its first (1st) of two (2) option years to renew said contract for an additional one-year term. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT, the Executive Director and Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer District to exercise the District’s option to renew for the first (1st) one-year renewal term the contract with Standard Life Insurance Company, whereby Standard Life Insurance Company would provide group life and accidental death and dismemberment insurance Districtwide; and said contract renewal shall be comprised of such terms and conditions as are approved by the Office of the General counsel of the District. The foregoing Resolution was adopted on October 13, 2022