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COUNCIL MEETING DECEMBER 19, 1994 <br />ACCAP explaining that the remaining $785.00 will be spent in Lino <br />Lakes on senior citizen outreach programs, more specifically for <br />heating assistance. Council Member Kuether complemented ACCAP <br />for not "blowing" the funds, however if the money was not needed <br />it should have been returned to the City to be used in another <br />area. Council Member Elliott felt the funds should not be given <br />with a "use it or lose it" attitude. She suggested that the <br />funding was granted for a specific purpose and it should be used <br />for that purpose. <br />Council Member Elliott moved to allow ACCAP another extension to <br />March 9, 1995, with the understanding that the Anoka County Board <br />can deny the extension. Council Member Kuether seconded the <br />motion. Motion carried unanimously. <br />CONSIDERATION OF THE FIRST READING OF ORDINANCE NO. 18 - 94 <br />AMENDING THE CITY CODE BY ELIMINATING THE REQUIREMENT FOR <br />INDIVIDUAL SURETY BONDS AND PURCHASING A BLANKET PUBLIC EMPLOYEE <br />DISHONESTY BOND, RANDY SCHUMACHER <br />Currently the City Code Section 206.01 requires that the <br />Assessor, Clerk -Treasurer, Administrator, Deputy Clerk -Treasurer <br />and the Building Inspector be bonded on separate bonds. In 1984 <br />the State Statute 418.25 was amended to allow blanket bonds to <br />cover all employees. The cost of the separate bonds and blanket <br />bond for all other employees is $1,473.000. The City has been <br />quoted a rate for a $500,000.00 blanket bond for all employees of <br />$17.00 more than the current bonding costs. Changing bonding <br />requirements will require an amendment to the City Code. <br />Ordinance No. 18 - 94, if adopted, will provide a blanket bond <br />for all employees. A separate resolution indicating a specific <br />amount of the blanket bond will be presented to the City Council <br />at the time the SECOND READING of Ordinance No. 18- 94 is <br />presented for Council action. <br />Mr. Schumacher noted that this specific coverage will cover the <br />City in the event that an employee is charged with embezzlement <br />or other misuse of funds. <br />Council Member Kuether moved to adopt the FIRST READING of <br />Ordinance No.18 - 94. Council Member Elliott seconded the <br />motion. Motion carried unanimously. <br />Ordinance No. 18 - 94 along with a resolution outlining the <br />actual amount of the bond will be presented to the City Council <br />at the next regular meeting. <br />OLD BUSINESS <br />PAGE 9 <br />