HomeMy WebLinkAbout1995-005 Council ResolutionCouncil Member Elliott introduced the following resolution and
moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95 - 05
A RESOLUTION SETTING THE DOLLAR AMOUNT OF THE PUBLIC EMPLOYEES
DISHONESTY BOND
WHEREAS: Ordinance No. 18 - 94 amended the City Code, Section
206.01 by requiring that a Blanket Public Employee
Dishonesty Bond be purchased by the City, and
WHEREAS: the dollar amount of the Blanket Public Employee
Dishonesty Bond has been researched by the City Auditor,
and
WHEREAS: it has been determined that a $500,000.00 Blanket Public
Employee Dishonety Bond will be sufficient to cover all
exposure by the City,
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of
Lino Lakes hereby designates that a Blanket Public Employee
Dishonesty Bond in the amount of $500,000.00 be purchased by the
City of Lino Lakes.
Adopted by the Lino Lakes City Council this 9th day of January,
1995.
Vernon F. Reinert, Mayor
Marilyn;
Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly
seconded by Council Member Bergeson and upon vote being taken
thereon, the following voted in favor thereof: Bergeson, Elliott,
Kuether, Neal, Reinert.
The following voted against same: None.
Whereupon said resolution was declared duly passed and adopted.