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W <br />REGULAR MEETING <br />APRIL 18, 1988 <br />KEY BENEFIT ADMINISTRATORS, INC. <br />5326 North Hillside <br />P.O. Box 55210 <br />Indianapolis, Indiana 46220 <br />Proposal was submitted by William L. Stafford, CLU, ChFC, <br />Vice -President, Marketing. <br />AETNA LIFE INSURANCE COMPANY <br />Employee Benefits Division <br />6081 East 82nd Street <br />P.O. Box 50805 <br />Indianapolis, Indiana 46250 <br />Proposal was submitted by Mr. Norman H. Edison, CEBS, <br />Account Executive. <br />LINCOLN NATIONAL LIFE INSURANCE COMPANY <br />Suite 610, St. Joseph Bank Building <br />P.O. Box 269 <br />South Bend, Indiana 46624-0269 <br />Proposal was submitted by Mr. Dennis H. Fisher, CLU, <br />Regional Manager, Employee Benefits Marketing and Mr. <br />Michael L. Mishler, Flexible Benefits Specialist. <br />Also submitted was an application for bidder qualification. <br />FINANCIAL ASSOCIATES <br />401 East Colfax, Suite 402 <br />South Bend, Indiana 46617 <br />Proposal was submitted by Mr. Thomas J. Varga, Jr. <br />BENEFIT CONSULTANTS, INC. <br />Fort Wayne Office <br />202 West Berry Street, Suite 620 <br />Fort Wayne, Indiana 46802 <br />Proposal was submitted by Mr. Leigh A. Smith, CLU, Vice - <br />President. Also submitted was an application for bidder <br />qualification. <br />Mr. James Wensits, Reporter, South Bend Tribune, inquired of Ms. <br />Humphreys if she was surprised at the number of Proposals <br />received today to provide administrative services for a cafeteria <br />benefits plan. Ms. Humphreys stated that Invitations for <br />Proposals were sent to companies that the City anticipated would <br />be interested in submitting a Proposal. In further response to a <br />question of how long it will take to review the Proposals <br />received, Ms. Humphreys stated that she and Crowe Chizek and <br />Company will be reviewing the Proposals as soon as possible. Ms. <br />Humphreys clarified for Mr. Wensits that two (2) components of <br />the cafeteria benefits plan, which utilizes pre-tax dollars, are <br />health care and child care expenses. <br />Upon a motion made by Mr. Leszczynski, seconded by Ms. Humphreys <br />and carried, the Proposals received were referred to the City <br />Controller and Crowe Chizek and Company for review and <br />recommendation. <br />OPENING AND REFERRAL OF BID FOR SALE OF CITY OWNED PROPERTY AT <br />2221 MEADE STREET <br />Mr. Leszczynski advised that this was the date set for the <br />receiving and opening of sealed bids for the sale of City -owned <br />property at 2221 Meade Street. The Clerk tendered proofs of <br />publication of Notice in the South Bend Tribune and the <br />Tri-County News which were found to be sufficient. Mr. <br />Leszczynski advised that this property has an appraised value of <br />