AN EMERGENCY ORDINANCE
AUTHORIZING AN AGREEMENT WITH METLIFE
AS AND FOR AN EMPLOYEE
AD&D AND LIFE INSURANCE PROGRAM
WHEREAS, the Health Care Task Force and the Finance Committee have recommended and it is the desire of Council to authorize an AD&D and life insurance plan for employees with MetLife; and
WHEREAS, the annual renewal evaluation of group coverage with MetLife has been completed, and pricing for the upcoming policy year has been received, representing no increase, with renewal rates guaranteed for two (2) years.
NOW, THEREFORE, BE IT ORDAINED by the Council of THE VILLAGE OF Mayfield, County of CUYAHOGA (the “Entity”) and State of Ohio that:
SECTION 1. The Mayor and President of Council are hereby and herein authorized and directed to enter into an agreement with MetLife for AD&D and life insurance, effective April 1, 2017, the cost of which shall be $0.297 per thousand dollars ($1,000.00) of coverage per month. (Exhibit A).
SECTION 2. The Council finds and determines that all formal actions of this Council relating to the adoption of this Ordinance have been taken at open meetings of this Council; and that deliberations of this Council and of its committees, resulting in such formal action, took place in meetings open to the public, in compliance with all statutory requirements including the requirements of Section 121.22 of the Ohio Revised Code.
SECTION 3. This Ordinance is hereby declared to be an emergency measure immediately necessary to maintain the employee AD&D and life insurance program for the employees of Mayfield Village, Ohio which is due to expire on April 1, 2017. It shall, therefore, take effect immediately upon the passage by the affirmative vote of not less than five (5) members elected to Council and approval by the Mayor or otherwise at the earliest time allowed by law.