Board of Estimate & Contract:
RESOLVED, that an ordinance adopted by the City Council on August 14, 2024, and signed by the Mayor on August 15, 2024, authorizing the Mayor to Enter Into a Contract with Gallagher Bassett for Third-Party Administrator Services ($271,595.00, to be funded from Insurance Premiums Budget Code A.1910.487), be and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE MAYOR
TO ENTER INTO A CONTRACT WITH
GALLAGHER BASSETT FOR THIRD-PARTY
ADMINISTRATION SERVICES
Whereas, by letter dated August 6, 2024, the Corporation Counsel has requested legislation authorizing the Mayor to enter into a contract with Gallagher Bassett to provide third-party administration services for the City's legal claims; and
Whereas, on June 12, 2024, the City Council of Mount Vernon approved the specifications for the City's proposal for a third-party administrator; and
Whereas, in response to this solicitation, the City received a proposal from Gallagher Bassett (GB), which was opened at the July 2, 2024, Board of Estimate meeting; and
Whereas, upon reviewing GB's proposal and consulting with the City's insurance broker and Comptroller, the Board of Estimate accepted GB's proposal at its July 16, 2024, meeting; and
Whereas, the services provided by GB will enhance the Law Department's ability to monitor cases, manage its relationship with the third-party administrator and excess carrier, and provide more accurate cash reserves and reports on open cases and trends; and
Whereas, the total anticipated cost for the recommended services is $271,595.00, to be funded from Insurance Premiums Budget Code A.1910.487; Now, Therefore, Be It Resolved That
The City of Mount Vernon, in City Council convened, does hereby ordain, and enact:
Section 1. Authorization. The Mayor is authorized to contract with Gallagher Bassett to provide third-party administration services for the City's legal claims.
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