HomeMy WebLinkAboutResolution #4099 - letter of understanding with SBSI semonis4
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RESOLUTION NO 4099
A RESOLUTION APPROVING A LETTER OF UNDERSTANDING WITH SBSI SEMONIS AND THE
CITY OF CANTON AND DIRECTING THE MAYOR TO EXECUTE AND DELIVER SAID LETTER ON
BEHALF OF THE CITY OF CANTON, ILLINOIS.
WHEREAS, the Finance Committee of the City of Canton has determined that it is necessary and in the
best interests of the City of Canton to enter into a Letter of Understanding with SBSi Semonis as set forth in Exhibit
"A" attached hereto and incorporated herein for consulting services in connection with insurance benefits for the
City of Canton; and
WHEREAS, the City Council of the City of Canton has made a similar determination.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY
OF CANTON, ILLINOIS, AS FOLLOWS:
1. That the Letter of Understanding attached hereto and incorporated herein as Exhibit "A" is hereby
approved by the Canton City Council.
2. That the Mayor of the City of Canton, Illinois, or his designee, is hereby authorized and directed to execute
said Letter of Understanding on behalf of the City of Canton.
3. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of
the City of Canton, Illinois and approval by the Mayor thereof.
PASSED by the City Council of the City of Canton, Illinois at a regular meeting this 3rd day of February, 2015
upon a roll call vote as follows:
AYES: Aldermen Ellis, Justin Nelson, Lovell, Hale, West, Putrich, Pickel, Jim Nelson
NAYS: None
ABSENT: None APPROVED:
JeN& , y A. FkZ,-Mayor
January 29, 2015
Diana Pavley
City Clerk — CMC /HR, City of Canton
2 North Main Street
Canton, IL 61520
Dear Diana,
semonis
A Soy Capital Company
Pursuant to our recent discussions, please consider this our Letter of Understanding for services
to be provided to the City of Canton by Semonis Insurance Group, Inc. dba SBSi Semonis. Our
services will include the following;
➢ Review of Current Benefit Structure
✓ Collection and Review of Paid Claim Data, if available
✓ Attend various meetings to discuss impact of ACA, Funding and Plan options
✓ Review of ACA Employer Mandates for 2015/2016
➢ Analyze current plan of benefits for recommendation of changes relative to cost
containment, industry norms, wellness initiatives and areas of importance to the City of
Canton
✓ Manage/Negotiate the Renewal with BCBS
✓ Compile comparison of prior years in spreadsheet format for review;
✓ Review alternate Plan designs and Funding options with the Insurance Committee
✓ Present findings complete with recommendations for purchase;
➢ Organize and conduct employee implementation meetings if necessary.
The effective date of this arrangement will be today. SBSi Semonis is willing to contract for a
total project fee of $3,000 payable upon completion of the project.
Our consulting fee for this project includes not only my time, but the time and experience of our
entire staff. Missy Sallee will be the dedicated Account Executive that will coordinate all
aspects of this project.
We appreciate the opportunity to work with the City again this year. Please execute this Letter
of Understanding with your signature below.
Sincerely,
Rick Semonis, CLU Ci y of C '