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CCR1982158RESOLUTION #158-82 AUTHORIZING EXECUTION OF CONTRACT BETWEEN FOR LIFE INSURANCE FOR CITY OF MUSKEGO EMPLOYES TRANS AMERICA LIFE AND CITY OF MUSKEGO WHEREAS, the City presently is under contract with North Azerican to provide life insurance to City employes, and WHEREAS, the Finance Committee has reviewed bids for identical coverage and has recommended the policy with North American be cancelled and the City enter into an agreement with Trans herica to provide life insurance for City employes at an annual savings of $538.56. THEREFORE BE IT RESOLVED that the Common Council of the City of Muskego, upon the recommendation of the Finance Committee, does hereby authorize the Mayor and Clerk to cancel the present contract with North American and to execute an agreement with Trans America Life whereby they will provide life insurance to City Employes with identical coverage as the present policy, at an annual cost of $5,116.32 for a savings of $538.56. ~/' FINANCE COMTITTEE Ald. Eiitchel Penovich ATTEST : City Clerk 8/82 jm