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Peter H. Mullen <br />Director, Administration and <br />Finance <br />����pI.UTIpN� /c <br />F <br />CITY of SOUTH BEND a <br />LLJ <br />PETER J. NEMETH, Mayor Z <br />COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 v <br />/NDIANP <br />Members of the Common Council <br />4th Floor, Council Chambers <br />County City Building <br />South Bend, Indiana <br />Dear Council Members: <br />January 19, 1977 <br />Attached is a Resolution passed by the Board of Works on <br />January 19, 1977, indicating our acceptance of the Aetna <br />Insurance Company policy. This acceptance is contingent <br />upon additional funding for the premium. <br />If you approve this Resolution we will, at a later date, <br />file an additional funding appropriation to cover the <br />cost of'the additional premium. <br />219/284 -9742 <br />Based upon Aetna's proposal, the premium difference would <br />indicate an approximate amount of $393,000.00 which is <br />spread out among all departments and utilities. The <br />approximate amount that will be needed from the General <br />Fund will be $189,000.00, with the remainder from the <br />utilities and the Park Department. <br />Further, it is necessary to point out that this new policy <br />will give the City of South Bend about ten times more <br />coverage in certain areas than we have had in the past. <br />Your approval of this Resolution is requested. <br />Sincerely, <br />p'et" H'. Mullen <br />Cont oller <br />