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]
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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
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4-f
Johl-Olson, City Clerk
Resos 15-38 3