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A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A CONTRACT WITH US ABLE TO ADMINISTER THE EMPLOYEE CAFETERIA PLAN AND PREPARE ANNUAL REAL VALUE STATEMENTS FOR EACH PARTICIPATING EMPLOYEE
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WHEREAS, the City of Jonesboro currently provides a cafeteria plan for its participating employees, and
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: That the Mayor and City Clerk are hereby authorized to enter into a contract with US Able to provide said services.
Section 2: Said contract shall be for the amount of $30.00 per year per participating employee for the stored value card. Said contract shall be for one year starting January 1, 2008.