HomeMy WebLinkAboutReso - CC - 038-2007RESOLUTION 38-2007
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
APPROVING AND AFFIRMING USE OF MASTER SURETY BOND OR
COMMERCIAL GOVERNMENT CRIME INSURANCE POLICY OR
EMPLOYEE DISHONESTY INSURANCE POLICY
FOR CITY OFFICERS AND EMPLOYEES
RESOLVED, by the City Council of the City of Burlingame:
WHEREAS, the City of Burlingame Municipal Code requires a surety bond for the City
Manager, and State law requires a surety bond for the City Clerk and the City Treasurer; and
WHEREAS, the State of California has adopted Goverment Code section 1481 to allow
a city to use a master bond to cover all of its officers and employees; and
WHEREAS, such a master bond allows enhanced coverage of all City officers and
employees, while also reducing the expense and complexity involved; and
WHEREAS, the State of California has also adopted Government Code section 1463 to
allow a city to use a commercial government crime insurance policy or employee dishonesty policy
to cover all of its officers and employees, which will provide even broader and more cost-effective
coverage,
NOW, THEREFORE, IT IS ORDERED:
1. Use of a master official bond may be made to provide coverage on the officers and
employees of the City of Burlingame is approved.
2. Use of a commercial government crime insurance policy or employee dishonesty policy
to provide coverage on the officers and employees of the City of Burlingame is also approved.
3. The form of such a master official bond or insurance policy shall meet the following
minimum form standards:
a. The amount shall not be in amount less than $1 million.
b. The bond or insurance policy shall be issued by a company authorized to do business in
the State of California.
c. The bond or insurance policy shall be issued by a company with a Best's rating of no less
than A-: VII.
1
d. The bond or insurance policy shall encompass claims for forgery or alteration; theft,
disappearance, or destruction; robbery and safe burglary; public employee dishonesty; computer
fraud; and fund transfer fraud.
e. The bond or policy may be issued on an annual or longer basis.
4. The form of the bond or policy shall be subject to approval by the City Attorney.
5. The master official bond may also be used for officers and employees of the City
Redevelopment Agency.
/ I
MAYOR
I, DORIS MORTENSEN, City Clerk of the City of Burlingame, do hereby certify that the
foregoing resolution was introduced at a regular meeting of the City Council held on the 7th day
of May 2007, and was adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: BAYLou, coHEN, KEIGNEAN, xAGEL, o'MANONY
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
CI CLERK
a