HomeMy WebLinkAbout102-Master Public Bond Resolution.pdf
RESOLUTION NO. 09 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
APPROVING THE USE OF A MASTER OFFICIAL SURETY BOND TO
PROVIDE REQUIRED COVERAGE FOR CITY CLERK
AND CITY TREASURER
WHEREAS, Government Code Section 36518 requires that City Clerks and City
Treasurers be bonded; and
WHEREAS, the City of Saratoga has complied with this requirement in the past through
inclusion of these officials in a master surety bond purchased by the ABAG Plan Corporation
consistent with the provisions of Government Code Section 1481; and
WHEREAS, in order to continue the City’s inclusion in the ABAG Plan Corporation
master official surety bond, it is necessary for the City to approve the use of such a master bond
to fulfill the requirements of Government Code Section 36518.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of
Saratoga hereby resolves as follows:
1. The City Council deems it expedient to use a master official surety bond to provide
coverage required by Government Code Section 36518 for the City Clerk and City
Treasurer and also to provide coverage for other officers and/or employees whom the
City may require be bonded.
2. The City Council hereby approves the inclusion of the City of Saratoga in a master
official surety bond purchased by the ABAG Plan for the purpose of complying with
Government Code Sections 36518 and 36519.
BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at
a regular meeting of the Saratoga City Council held on the 7th day of January 2009, by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
________________________
Chuck Page, Mayor
ATTEST:
Ann Sullivan, City Clerk