Title
Resolution Authorizing the City Manager to Enter into a Three-Year Professional Services Agreement with Mark III Brokerage, Inc., of Charlotte, NC, for Benefits Consulting and Brokerage Services
Body
LEGISLATIVE INTENT/PURPOSE:
WHEREAS, the City recognizes the importance of providing comprehensive benefits to its employees; and,
WHEREAS, the City aims to enhance the quality and scope of its employee benefits program; and,
WHEREAS, the City seeks to engage the expertise of a professional benefits broker to streamline benefits administration and optimize cost-effectiveness; and,
WHEREAS, the City desires to ensure the best possible benefits options are made available to its employees; and,
WHEREAS, after careful consideration and evaluation, the City has identified a reputable benefits broker with a proven track record of delivering tailored solutions to organizations of similar size and scope; and,
WHEREAS, entering into a professional services agreement with the Mark III Brokerage, Inc., of Charlotte, NC, as a benefits broker aligns with the City’s strategic goals and objectives.
THEREFORE, BE IT RESOLVED:
THAT, the City Council does hereby authorize the City Manager to execute a professional services agreement with Mark III Brokerage, Inc., of Charlotte, NC, to provide benefits consulting and brokerage services to the City of Wilmington.
THAT, the professional services agreement shall be effective for an initial term of three (3) years from the date of execution, with the option for an additional three (3) year renewal, in the discretion of the City Manager, and upon mutual agreement of both parties.
THAT, the estimated cost of this agreement shall be $35,000 per year, with a total initial three (3) year contract cost of $105,000.