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STAFF ORIGINATOR <br />DATE <br />TOPIC <br />BACRG <br />AGENDA ITEM NO. 6 <br />Randy Schumacher, C. A. <br />January 5, 1995 <br />SECOND READING of Ordinance No. 18 - 94 <br />Amending the City Code by Eliminating the <br />Requirement for Individual Surety Bonds and <br />Purchasing a Blanket Public Employee Dishonest <br />Bond <br />The FIRST READING of this ordinance was held on December 19, 1994. <br />No comments or suggested changes have been received since that <br />time. <br />Currently the City Code requires that the City Assessor, Clerk <br />Treasurer, Administrator, Deputy Clerk -Treasurer and Building <br />Inspector be bonded separately. In 1984, the State Statute was <br />amended to allow a blanket dishonesty bond to cover all employees. <br />By amending the City Code as proposed, the City Council will <br />establish the requirement of a blanket bond and be able to change <br />the specific dollar amount of the blanket bond by resolution each <br />time the dollar amount must be changed. <br />Resolution No. 95 - 05 will be proposed to set the blanket bond at <br />$500,000.00 as recommended by the City Auditor. <br />OPTIONS <br />2. <br />Adopt Ordinance No. 18 - 94 as presented to allow the City <br />Council to adopt a resolution specifying the dollar amount for <br />the Public Employee Dishonest Bond. <br />Return the ordinance to staff for further information. <br />ECO <br />Option No. <br />