HomeMy WebLinkAboutContract 43277-R3 X71016 CSC No. / ►'
C17
�� CITY OF FORT WORTH
REQUEST TO EXERCISE RENEWAL OPTION
May 1,2016
Gallagher Benefit Services,Inc.
3600 American Blvd.W.Suite 500
Bloomington,MN 55431
Re: REQUEST TO EXERCISE RENEWAL OPTION
Consulting Agreement
Contract No.CSC No.43277-2(the"Contract')
Renewal Term No.3:May 5,2016 to May 4,2017
101 b
The above referenced Contract will expire on May 4,?,QkS.Pursuant to the Contract,contract renewals are at the sole option of
the City. This letter is to inform you that the City is exercising its right to renew CSC No.43277-2 for an additional one year
period,which will begin immediately upon the expiration of the current term and will end on May 4,2017.All other terms and
conditions of CSC No.43277-2 remain unchanged.Please return this signed acknowledgement letter,along with a copy of
your current insurance certificate, to the address set forth below, acknowledging receipt of the Notice of contract
Renewal.
Please log onto BuySpeed Online at htt_p://fortworthtexas.g_ov/purchasing to insure that your company information is correct
and up-to-date.
If you have any questions concerning this Request for Contract Renewal, please contact me at the telephone number listed
below.
Sincerely yours,
Darian Gavin,contract Compliance Specialist
FMS,Purchasing Division
817-392-2057-Direct
817-392-8440-Fax
I hereby acknowledge receipt of the contract Renewal Notice for CSC No. 43277-2 for a one year period ending on May 4,
2017. D /
By: AriAee ✓T r"1 '�N iN y r Date: ♦ q-he
Printed Name and Title
Signature
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Date: tp v M&C No. P-11383 op
OFFICIAL RECORD V$ �
CITY SECRETARY °°° °°°
FT.WORTH,TX - �P �AVAS
M&C Review Page 1 of 2
Official site of the City of Fort Worth,Texas
CITY COUNCIL AGENDA Foy
COUNCIL ACTION: Approved on 5/15/2012
DATE: 5/15/2012 REFERENCE NO.: **P-11383 LOG NAME: 13PGALLAGHER MJ
CODE: P TYPE: CONSENT PUBLIC NO
HEARING:
SUBJECT: Authorize Execution of an Agreement with Gallagher Benefit Services, Inc., for Actuarial
and Consulting Services in an Amount Up to $100,000.00 Annually (ALL COUNCIL
DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to execute an Agreement with
Gallagher Benefit Services, Inc., for actuarial and consulting services on a fee for service basis in an
amount up to $100,000.00 annually.
DISCUSSION:
Section XIII of the City's Financial Management Policy Statements for Fiscal Year 2012 requires the
City Council to obtain the services of an independent actuary for purposes relating to the Employees'
Retirement Fund pension benefits.
This Agreement with Gallagher Benefits Services(GBS) will provide actuarial consulting services
related to the Employee's Retirement Fund of the City of Fort Worth. Services will be requested to
determine the actuarial cost of plan provision changes, the actuarial cost impact of known or
expected demographic or economic changes and a review of results of the Fund's actuary. GBS may
perform other services as the City and GBS mutually agree in writing.
The expected total cost of services in Fiscal Year 2012 is anticipated to be approximately
$100,000.00. There is no guaranteed amount for this contract since services are billed on what is
actually required, however Staff anticipates spending the same amount each year the Agreement is
in effect.
TERM AND RENEWAL—The initial term of this Agreement will be for two years beginning May 15,
2012. At the City's option, this Agreement may be renewed for three additional one year periods
unless terminated by either party. Renewal of the Agreement will not require additional specific City
Council approval as long as the City Council has appropriated sufficient funds to satisfy the City's
obligations during the renewal term.
M/WBE-A waiver of the goal for M/WBE subcontracting requirements was requested by the
Purchasing Division and approved by the M/WBE Office because the purchase of goods or services
is from sources where subcontracting or supplier opportunities are negligible.
FISCAL INFORMATION/CERTIFICATION:
The Financial Management Services Director certifies that funds are available in the current operating
budget, as appropriated, of the General Fund.
BQN\13GALL\MJ
TO Fund/Account/Centers FROM Fund/Account/Centers
GG01 539120 0131010 $100.000.00
http://apps.cfwnet.org/council_packet/mc—review.asp?ID=1 6487&councildate=5/15/2012 6/9/2016
M&C Review Page 2 of 2
Submitted for City Manager's Office by-. Susan Alanis (8180)
Originating Department Head: Lena Ellis (8517)
Jack Dale (8357)
Additional Information Contact: Marilyn Jackson (2059)
ATTACHMENTS
http://apps.cfwnet.org/council_packet/mc—review.asp?ID=I 6487&councildate=5/15/2012 6/9/2016