HomeMy WebLinkAboutOrdinances_2833 ORDINANCE NO. 2833
AN ORDINANCE OF THE CITY OF REDLANDS AMENDING CHAPTER
2.10 OF THE REDLANDS MUNICIPAL CODE RELATING TO OFFICIAL
BONDS FOR CITY OFFICERS
WHEREAS, Chapter 2.10 of the Redlands Municipal Code requires that the City Clerk
and City Treasurer shall each, before cominencing the duties of their respective offices, execute
an official bond in favor of the City, conditioned for the faithful performance of their respective
duties; and
WHEREAS, Governinent Code sections 1463 and 1481 allow the use of a master official
bond or insurance policy to meet the bonding requirements for City officers; and
WHEREAS, it is the desire of the City Council, for purposes of efficiency and cost
savings, to make available the use of a commercial government crime insurance policy or
employee dishonesty policy as a master official bond to cover all of its officers in lieu of
individual official bonds;
THE CITY COUNCIL OF THE CITY OF REDLANDS DOES ORDAIN AS
FOLLOWS:
Sectionl. Section 2.10.020, entitled "Master Official Bond/Insurance Policy," is hereby
added to the Redlands Municipal Code to read as follows:
"2.10.020: Master Official Bond/Insurance Policy. In lieu of the individual official bonds
required by section 2.10.010 of this Chapter, use of a master official bond or a commercial
governinent crime insurance policy or employee dishonesty policy to provide coverage for the
City Clerk and City Treasurer shall be permitted. The form of such master official bond or
insurance policy shall meet the following minimum standards:
A. The master official bond or insurance policy shall be in an amount of not less than
One Million Dollars.
B. The master official bond or insurance policy shall be issued by an insurance company
authorized to do business in California.
C. The master official bond or insurance policy shall be issued by a company with an
A.M. Best's rating of no less than A-:VII.
D. The master official bond or insurance policy shall encompass claims, among others,
for forgery or alteration, theft, disappearance or destruction, robbery and safe
burglary, public employee dishonesty, computer fraud, and fund transfer fraud.
E. The master official bond or insurance policy may be issued on an annual or longer
basis."
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Section 2. The Mayor shall sign this ordinance and the City Clerk shall certify to the
adoption of this ordinance and shall cause it, or a surriniary of it, to be published once in the
Redlands Daily Facts, a newspaper of general circulation within the City, and thereafter, this
ordinance shall take effect as provided by law.
ae
�—;aul W. Foster, Mayor
ATTEST:
Sain lrwin,'-CitClerk
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I, Sam Irwin, City Clerk, City of Redlands, hereby certify that the foregoing Ordinance Was duly
adopted by the City Council at the regular meeting thereof, held on the 19th day of July, 2016,
by the following vote:
AYES: Councilmembers Harrison, Gilbreath, Barich, Jaynes; Mayor Foster
NOES: None
ABSENT: None
ABSTAIN: None
Sam Irwin, City Clerk
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