HomeMy WebLinkAbout070-2015RESOLUTION NO. 70-2015
APPROVING THE USE OF A MASTER GOVERNMENT CRIME INSURANCE
POLICY IN LIEU OF BONDS
WHEREAS, pursuant to Government Code Section 36518 and Danville Municipal Code
Section 2-2.4, the City Clerk, Town Treasurer and Town Manager are required to
provide faithful performance bonds in amounts recommended by the City Attorney
and approved by the Town Council; and
WHEREAS, Government Code Sections 1463 and 1481 allow the Town to purchase a
government crime insurance policy in lieu of the required bonds and to use the policy
as a master policy covering all subject employees, subject to approval by the Presiding
Judge of the Contra Costa County Superior Court; and
WHEREAS, the Town may purchase such an insurance policy through the Municipal
Pooling Authority; and
WHEREAS, the City Attorney recommends that the Town Council set the amount of
the insurance at $1,000,000; now, therefore, be it
RESOLVED, that the Danville Town Council approves the use of a master government
crime insurance policy in an amount of $1,000,000 to satisfy the bonding requirements
of the City Clerk, Town Treasurer and Town Manager and directs the City Attorney to
obtain approval for use of such insurance policy from the Presiding Judge of the Contra
Costa County Superior Court.
APPROVED by the Danville Town Council at a regular meeting on August 11, 2015 by
the following vote:
AYES: Doyle, Stepper, Arnerich, Morgan, Storer
NOES:
ABSTAINED:
ABSENT:
AYOR
APPROVED AS TO FORM:
CITY ATTORNEY