HomeMy Public PortalAboutResolution 01-3986 Establishment of Penal Sum of Bond for Positions of City Clerk and City Treasurer1
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RESOLUTION NO. 01-3986
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMPLE
CITY, CALIFORNIA, ESTABLISHING THE SUM OF BOND REQUIRED
FOR SPECIFIED CITY EMPLOYEES.
WHEREAS, Government Code § 36518 requires the City Council, by resolution, to establish the
penal sum of bond for the positions of City Clerk and City Treasurer; and
WHEREAS, Government Code § 37209 requires execution of a bond by the Director of Finance
where duties imposed by law upon the City Clerk are transferred to the Director of Finance; and
WHEREAS, the City of Temple City has in the past required a bond to insure the faithful
performance of duties imposed upon the City Manager; and
WHEREAS, the purpose of this resolution is to establish the amount of the bond for the above
referenced positions;
THE CITY COUNCIL OF THE CITY OF TEMPLE CITY DOES HEREBY RESOLVE, DETERMINE,
AND ORDER AS FOLLOWS:
SECTION 1. Bonds for the City Manager, City Treasurer /Financial Services Director, and City
Clerk shall be in accordance with the attached Exhibit A. (summary of blanket bond coverage).
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED ON THIS 6TH DAY OF FEBRUARY 2001.
ATTEST:
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City Clerk
I, hereby certify that the foregoing Resolution, Resolution No. 01 -3986 was duly adopted by the City
Council of the City of Temple City at a regular meeting held on the 6th day of February 2001, by the
following vote:
AYES: Councilman - Breazeal, Brook, Gillanders, Wilson, Souder
NOES: Councilman -None
ABSENT: Councilman -None
101 rc.
City Clerk
Attachment: Exhibit A (RFD Commercial Crime Program Insurance Summary)
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ASSOCIATES
City of Temple City
Resolution No. 01 -3986
EXHIBIT "A"
February 6, 2001
ROBERT F. DRIVER ASSOCIATES a Division of Robert F. Driver Co., Inc.
Founded on knowledge, integrity and service.
NAMED INSURED:
RFD COMMERCIAL CRIME PROGRAM
INSURANCE SUMMARY
RFD Commercial Crime Program and its member:
Temple City, City of
INSURANCE COMPANY: National Union Fire Insurance Company ($1,000,000 Blanket)
Policy #8609531
OPTIONAL:
POLICY TERM:
LIMITS /COVERAGE:
DEDUCTIBLE:
PRO RATA PREMIUM:
(15 Month Premium
Eff: 01/01/01 to 04/01/02)
BROKER:
1. Hartford Insurance (Deductible Buy- down),
Policy #72BPEAK4998
2. National Union Fire Insurance Company (Excess),
Policy # Not Applicable
April 1, 2000 to April 1, 2001, and
April 1, 2001 to April 1, 2002
$ 1,000,000 Total Limit Per Loss
• Employee Dishonesty with Faithful Performance
• Forgery and Alteration
• Theft, Disappearance and Destruction
• Robbery and Safe Burglary
• -• Computer Fraud including Funds Transfer Coverage
• Money Orders and Counterfeit Paper Currency
52.500
S1,000,000 Blanket
Option 1 Option 2
$394 $935
ROBERT F. DRIVER ASSOCIATES
Newport Beach, CA
Not Purchased
Donald H. MacLean, Jr., Senior Vice President
Gail White, Account Executive
PLEASE REFER TO THE POLICY FOR SPECIFIC TERMS, CONDITIONS AND EXCLUSIONS.
Newport Beach
4041 MacArthur Blvd.. #300. P.O. Box 6450, Newport Beach, California 92658 -6450 • (949) 756 -0271 • Fax (949) 756 -2713
G.' SPCIALTY\Shelly \RFD Bond Program \00 cjpia Summand L(C # 0C3686I • LCII'N'. rfdr(l'eY.COIIt
San Diego Escondido Sacramento Fresno San Francisco
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