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HomeMy WebLinkAbout15-038 CC Resolution RESOLUTION NO. 15-38 ' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA AUTHORIZING THE CITY TO PROCURE AND MAINTAIN GOVERNMENT CRIME INSURANCE POLICY OR EMPLOYEE DISHONESTY INSURANCE POLICY, INCLUDING FAITHFUL PERFORMANCE IN PLACE OF CORPORATE SURETY BONDS THE CITY COUNCIL OF THE CITY OF TEMECULA DOES RESOLVE AS FOLLOWS: Section 1. Recitals. The City Council of the City of Temecula does hereby find, determine and declare as follows: A. Government Code Section 1463 provides a procedure that would allow the City Council to authorize a "government crime insurance policy" or "employee dishonesty insurance policy' in place of a corporate surety bond for city officials. Such insurance policies could replace the bonds for the City Manager, City Clerk, City Treasurer and Finance Director. B. On June 23, 2015, the City Council introduced Ordinance No. 15-38 that amends Temecula Municipal Code Sections 2.12.130, 2.16.040, 2.20.040 and 2.28.040 ' to authorize the City to procure and maintain a government crime insurance policy or employee dishonesty insurance policy, including faithful performance, in an amount set by resolution of the city council, as an alternate to the surety bond, as authorized by the provisions of Government Code Section 1463. The proposed ordinance also authorizes the City Council to set the amount of the bond or government crime insurance policy or employee dishonesty insurance policy. These sections would affect the employees serving as City Manager, City Clerk, City Treasurer and Finance Director. Section 2. Pursuant to the provisions of Temecula Municipal Code Sections 2.12.130, 2.16.040, 2.20.040 and 2.28.040, the City Council hereby authorizes the City Manager to procure and maintain government crime insurance policy or employee dishonesty insurance policy in place of corporate surety bonds for the positions of City Manager, City Clerk, City Treasurer and Finance Director. The government crime insurance policy or employee dishonesty insurance policy shall be in an amount of not less than five hundred thousand dollars ($500,000.00). Upon the effective date of said government crime insurance policy or employee dishonesty insurance policy, corporate surety bonds for the positions of City Manager, City Clerk, City Treasurer and Finance Director shall not be required and the City Manager shall take such measures as necessary to cancel said bonds. Section 3. This Resolution shall be effective upon the effective date of Ordinance No. 15-06. ' Section 4. The City Clerk shall certify to the adoption of this Resolution. Resos 15-38 1 Section 4. The City Clerk shall certify to the adoption of this Resolution. ' PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 23rd day of June, 2015. Jeff Comerchero, Mayor ATTEST: Randi Johl son, City Clerk [SEAL] 1 1 Resos 15-38 2 STATE OF CALIFORNIA ) ' COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl-Olson, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 15-38 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 23rd day of June, 2015, by the following vote: AYES: 5 COUNCIL MEMBERS: Edwards, McCracken, Naggar, Rahn, Comerchero NOES: 0 COUNCIL MEMBERS: None ABSTAIN: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None ' 4-f Johl-Olson, City Clerk Resos 15-38 3