HomeMy WebLinkAboutD-1269-97 Medical Escrow FundOrdinance No. D-1269-97
AN ORDNANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA AMENDING CHAPTER 2, ARTICLE 4, SECTION 2-122 OF THE
CARMEL CITY CODE, ENTITLED
CARMEL MEDICAL ESCROW FUND
WHEREAS, Section 2-122 of the Cannel City Code establishes the Cannel
Medical Escrow Fund and governs withdrawals therefrom; and
WHEREAS, Section 2-122(b)(1) names the Nyhart Company as the Plan
Supervisor; and
WHEREAS, it is necessary to change the Plan Supervisor.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana as follows:
1. That Chapter 2, Article 4, Section 2-122(b)(1) ofthe Cannel City Code is hereby
mended to read as follows:.
"It is hereby established that $100,000 (the "Account") will be paid by the Clerk-
Treasurer from the City of Cannel Medical Escrow Fund to the third party
administrator designated by the City of Cannel, by and through the Board of Public
Works and Safety, hereinafter referred to as the "Plan Supervisor". The Account
is to be used by the Plan Supervisor for insurance claims paid according to the Plan
and claims submitted by the Plan Supervisor for administrative costs which are
determined by contractual stipulations between the City and the Plan Supervisor."
The remainder of Section 2-122 shall be in full force and effect from its date of passage.
2. All prior Ordinances or pans thereof inconsistent with any provision of this
Ordinance are hereby repealed.
3. This Ordinance shall be in full force and effect from and after its passage and
signing by the Mayor.
PASSED AND ADOPTED by the Common Council of the City of Carreel, Indiana this
Presented to the Mayor of the City of Camel, Indiana this; ?/~ day of
1997·
' es Brainard, Mayor
ATTEST:
Diana L. Cord~dy, Clerk-Treastil~