HomeMy WebLinkAbout1983-072RESOLUTION NO. 83-72
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA AUTHORIZING THE
CHAIRMAN OF THE BOARD TO EXECUTE APPLICATIONS FOR
AN ACCOUNT AT THE SOUTHEAST BANK, N.A. THEREBY
ESTABLISHING AN ACCOUNT ENTITLED THE GULF LIFE
HEALTH INSURANCE RESERVE TRUST FOR INDIAN RIVER
COUNTY FOR THE PURPOSE OF MAIN`T'AINING A BALANCE
REQUIRED TO BE MAINTAINED BY THE COUNTY'S
INSURANCE POLICY WITH THE GULF LIFE COMPANY UNDER
THE ASO PLUS PROVISIONS.
WHEREAS, the Board of County Commissioners of Indian
River Count have
County put out for bid and have negotiated with certain
insurance companies to provide County employees, Special District
and certain Constitutional Officers' employees with certain
medical insurance and life insurance benefits, and
WHEREAS, Indian River County has carefully reviewed all
proposals that were received and has determined that it is in the
best interest of Indian River County and its covered employees to
enter into an agreement for medical insurance with Gulf Life
Insurance Company, and
WHEREAS, one of the alternatives reviewed and chosen by
the County is known as the "ASO Plus" program, and
WHEREAS, this program allows the County to make monthly
payments into an account which is established for the purposes of
supplying a fund upon which the insurance company may draw for
valid insurance claims and administrative charges, and
WHEREAS, this method allows the Board of County
Commissioners of Indian River County to earn interest on that
portion of the account which is available at any given time, and
WHEREAS, to enable Indian River County to proceed with
this new approach, it is necessary for the County Commission to
establish an account into which the County, Special Districts and
Constitutional Officers will pay their monthly share of insurance
costs and upon which only the Barnett Bank of Jacksonville N.A.
may draw funds to reimburse Gulf Life Insurance Company for claims
checks cleared on the company's behalf.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that:
1. The Indian River County administration is hereby
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authorized and required to establish an account entitled the Gulf
Life Health insurance Reserve Trust for Indian River County at
Southeast Bank N.A. for the purpose of holding funds under the
Gulf Life Insurance Company "ASO Plus" plan.
2. The account shall be for the exclusive purpose of
transferring funds to the Barnett Bank of Jacksonville, N.A. to
reimburse Gulf Life Insurance Company under the ASO Plus plan for
• . claim checks cleared on the company's behalf, a depository trans-
fer check being by its wording payable to the order of Gulf Life
Health Insurance Company and drawn on Southeast Bank N.A. Account
No. 107-492071 at Vero Beach, Florida, is hereby
authorized and such depository transfer checks shall require no
signature.
3. This account may only be closed and the balance
forwarded to Indian River County upon the approval of a majority
vote of. the Board of County Commissioners at a regularly scheduled
meeting.
4. The Chairman of the Board of County Commissioners
and the Clerk are authorized to execute the attached Resolution
Authorizing Payment of Depository Transfer Checks.
The foregoing resolution was offered by Commissioner
Scurlock who moved its adoption. The motion was seconded
by Commissioner Lyons and, upon being put to a vote, the
vote was as follows:
Chairman Richard N. Bird Aye
Vice -Chairman Don C. Scurlock, Jr. Aye
Commissioner Margaret C. Bowman Aye
Commissioner Patrick B. Lyons Aye
Commissioner William C. Wodtke, Jr. Aye
The Chairman thereupon declared the resolution duly
passed and adopted this 21st day of September , 1983.
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA
By:
RICHARD N. BIRD
Chairman
APPROVED P�jj TO FO2M Attest: N U_�'
AND LEGA)!.5U I CY FREDA WRIGHT, Clk
By:
A1j1 M. B AND NBURG, County Attorney
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RESOLUTION AUTHORIZING
PAYMENT OF DEPOSITORY TRANSFER CHECKS
RESOLVED, that for the purpose of transferring funds to the Barnett
Bank of Jacksonville, N.A. to reimburse Gulf Life
Insurance Company for claim checks cleared on the Company's behalf, a
Depository Transfer Check being by its wording payable to the order of
Gulf Life Insurance Company and drawn on Southeast Bank, N.
Transit Number 067006610
Account No. 107-452971 at Vero Beach, FL be hereby authorized
and such Depository Transfer Checks shall require no signature.
FURTHER RESOLVED, that Board of County Commissio may conclusively
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assume, prior to receipt of a certified copy of resolutions revoking or
amending these resolutions, that any such no signature Depository Transfer,
checks have been executed and delivered as a proper corporate act of
Gulf Life and duly authorized pursuant to these resolutions.
Attest:
Freda Wright, CleOW
Signature
Chairman, Board of County Commissioners
Title
September 22, 1983
Date