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RESOLUTION NO. 2020-14 <br />INTRODUCED BY: Mayor Bodnar <br />A RESOLUTION <br />AUTHORIZING AN AGREEMENT <br />WITH METLIFE <br />AS AND FOR AN EMPLOYEE <br />AD&D AND LIFE INSURANCE PROGRAM <br />WHEREAS, the annual renewal evaluation of group coverage with MetLife has <br />been completed, and pricing for the upcoming policy year has been received, <br />representing no increase, with renewal rates guaranteed for one (1) year. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF <br />MAYFIELD VILLAGE THAT: <br />SECTION 1. The Mayor and President of Council are hereby and herein <br />authorized and directed to enter into an agreement for a period of one (1) year with <br />MetLife for an AD&D and life insurance benefit of $50,000 per employee, effective <br />April 1, 2020, the cost of which shall be $0.297 per thousand dollars ($1,000.00) of <br />coverage per month. (Exhibit A). <br />SECTION 2. The Council finds and determines that all formal actions of the <br />Council relating to the adoption of this Resolution have been taken at open meetings of <br />this Council; and that deliberations of this Council and of its committees, resulting in <br />such formal action, took place in meetings open to the public in compliance with all <br />statutory requirements including the requirements of Section 121.22 of the Ohio <br />Revised Code. <br />SECTION 3. This Resolution is hereby declared to be an emergency measure <br />immediately necessary to maintain AD&D and life insurance benefits for the <br />employees of Mayfield Village which is due to expire on April 1, 2020. It shall, <br />