BY COUNCILOR KRAUSE:
RESOLVED, that the proper city officials are hereby authorized to execute the contract with RTW, substantially in the form of that on file in the office of the city clerk as Public Document No. __________, for third party administration of the city’s self-funded workers’ compensation program for 2006 and 2007 in the amount of $95,000; payable from Fund 605, Agency 036, Organization 1651, Object 5441.
STATEMENT OF PURPOSE: This resolution authorizes the city to execute the contract with RTW so that RTW may begin to provide administration of workers’ compensation services to the city. RTW, after bid, was chosen to be the vendor for administration of workers’ compensation services by Resolution No. 05-0787 in accordance with its low specification bid of $95,000, payable out of Fund 605 to professionally administer the city’s self-funded workers’ compensation program.