City of Jonesboro - File #: RES-11:167

• File #: RES-11:167
• Version: 1
• Name: Amendment to the Principal contract
• Type: Resolution
• Status: Passed
• File created: 9/16/2011
• In control: Finance & Administration Council Committee
• Final action: 10/4/2011
• Title: RESOLUTION APPROVING AN AMENDMENT TO THE PRINCIPAL GROUP ANNUITY CONTRACT
• Sponsors: Finance
• Indexes: Contract
• Related files: RES-11:228, RES-10:180, CON-224

Date	Ver.	Action By	Action	Result
10/4/2011	1	City Council	Passed	Pass
9/27/2011	1	Finance & Administration Council Committee	Recommended to Council	Pass

Title

RESOLUTION APPROVING AN AMENDMENT TO THE PRINCIPAL GROUP ANNUITY CONTRACT

Body

WHEREAS, the City of Jonesboro currently has a Group Annuity Contract with the Principal for certain non-uniform employees; and

WHEREAS, an amendment is needed to provide expanded investment option for that contract.

NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Jonesboro, that:

SECTION ONE: That the group annuity contract for non-uniform employees with the Principal should be amended as recommended by the City’s Finance Department and outside counsel, Friday Law Firm.

SECTION TWO: That Mayor Harold Perrin and City Clerk, Donna Jackson are authorized to execute such documents as are necessary to effectuate that agreement.

PASSED AND APPROVED this 4^th day of October, 2011.