Report to Mayor and City Council
Tuesday, March 15, 2022
Consent
SUBJECT:
Title
CONSIDER THE CITY MANAGER'S REQUIRED BOND AMOUNT AND RESOLUTION NO. 22-032, A RESOLUTION OF THE CITY OF CARSON, CALIFORNIA, AUTHORIZING THE RISK MANAGER TO PURCHASE INSURANCE OR A MASTER BOND IN LIEU OF PURCHASING INDIVIDUAL OFFICIAL BONDS FOR CITY CLERK AND CITY TREASURER
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I. SUMMARY
California Government Code and the City's Municipal Code require that the City Clerk and the City Treasurer each furnish a Public Officer Bond in favor of the City in the amount of $50,000. Additionally, the City Charter and the City's Municipal Code require that the City Manager furnish a surety bond in favor of the City in an amount determined by City Council. Staff is recommending that Council set the City Manager Bond amount at $50,000, the same as the City Clerk and City Treasurer bonds.
California Government Code allows the City to use its blanket crime insurance policy to be used as an alternative to the bond. Approving Resolution 22-032 will have no adverse impact on the City's insurance and will provide more coverage and save approximately $1,500 in annual bond premiums for the City Clerk and City Treasurer. The City Charter does not allow substitution for the City Manager's bond.
II. RECOMMENDATION
Recommendation
1. APPROVE staff recommendation to set City Manager's required bond amount at $50,000; AND
2. WAIVE further reading and ADOPT Resolution No. 22-032, " A RESOLUTION OF THE CITY OF CARSON, CALIFORNIA, AUTHORIZING THE RISK MANAGER TO PURCHASE INSURANCE OR A MASTER BOND IN LIEU OF PURCHASING INDIVIDUAL OFFICIAL BONDS FOR CITY CLERK AND CITY TREASURER."
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III. ALTERNATIVES
TAKE any action deemed necessary.
IV. BACKGROUND
California Government Code section 36518 requires the City Clerk and City Treasurer to execute a bond to the City. Government Code section 36519 allows the City Council to require bonds for any other officer or employee of the City. The City...
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