Title
Request for Purchase Authorization - FISCAL: Contract/Blanket Purchase Order for actuarial valuation and reporting for the City's Retiree Health Care Benefit Trust - Supplemental Plan and other actuarial consulting services as may be requested by the City in the amount not-to-exceed $37,500.00 for a six-year term to expire after services provided for fiscal year ending 2029 actuarial report; Lauterbach & Amen, LLP., Naperville, IL
Body
Resolved, that the Rochester Hills City Council hereby waives Section 2-273(b), the requirements for long term contracts, under Section 2-281, which allows City Council the authority to waive any regulation or procedure pertaining to purchasing, deeming it to be in the best interest of the City.
Further Resolved, that the Rochester Hills City Council hereby authorizes a contract/blanket purchase order for actuarial valuation and reporting for the City's Retiree Health Care Benefit Trust - Supplemental Plan and other actuarial consulting services as may be requested by the City to Lauterbauch & Amen, LLP., Naperville, Illinois in the amount not-to-exceed $37,500.00 for a six-year term to expire after services provided for fiscal year ending 2029 actuarial report and further authorizes the Procurement Manager to execute an agreement on behalf of the City.
Further Resolved, that the City's acceptance of the proposal and approval of the award of a contract shall be contingent and conditioned upon the parties' entry into and execution of a written agreement acceptable to the City.