HomeMy WebLinkAboutRES 1991-026 " RESOLUTION NO. 91-26
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS, ESTABLISHING A
BANK ACCOUNT WITH THE CONNECTICUT
NATIONAL BANK TO PAY BENEFITS
ADMINISTERED BY THE TRAVELERS INSURANCE
COMPANY UNDER THE CITY OF GRAPEVINE' S
EMPLOYEE HEALTH BENEFIT PLANS; REPEALING
INCONSISTENT RESOLUTION; PROVIDING A
SEVERABILITY CLAUSE; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Grapevine,
Texas, has selected the Travelers Insurance Company to
administer and pay benefits under certain of the City' s
Employee Health Benefit Plans; and
WHEREAS, The Travelers Insurance Company has been
authorized to issue drafts in payment of these benefits from a
demand deposit account established by the City at Connecticut
National Bank, Hartford, Connecticut; and
WHEREAS, the City has agreed to maintain a bank
account with a standing balance to be determined by The
""�"" Travelers Insurance Company to reimburse the City' s account
with Connecticut National Bank.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF GRAPEVINE, TEXAS:
Section l . The preamble set forth above is true
and correct and is hereby incorporated herein by reference for
all purposes as if it were part of this resolution.
Section 2 . The City Finance Director is hereby
authorized to open and establish a bank account with
Connecticut National Bank, Hartford, Connecticut, to pay
employee benefits pursuant to a service contract entered into
between Travelers Insurance Company and the City.
Section 3 . First National Bank-Grapevine is hereby
authorized to honor any and all withdrawals of the City' s funds
from Account No. 46185 by use of Electronic Depository Transfer
of funds through the Federal Reserve System for reimbursement
of the account with Connecticut National Bank, Hartford,
Connecticut.
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Section 4 . The City' s Finance Director is hereby
�* authorized to execute all documents and take all actions
necessary to establish and maintain this account for the
purposes set out herein.
� Section 5 . This resolution shall repeal every
prior resolution in conflict herewith, but only insofar as the
portion of such resolution shall be in conflict and as to all
other sections of resolutions not in direct conflict herewith,
this resolution shall be and is hereby made cumulative.
Section 6 . This resolution shall be effective from
and after the date of its passage.
• PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS, ON THIS THE 3rd DAY OF September ,
1991.
APPROVED:
-�.
Mayor
� ATTEST:
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d�c.
Cit Secretary
APPROVED AS TO FORM:
City Attorney
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