HomeMy WebLinkAboutCity Council Resolution 97-07 RESOLUTION NO. 97-07
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 § 365 18 requires that CiW 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 official surety bond purchased bv
the ABAG Plan Corporation; 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 Council to
approve the use of such master bond to fulfill the requirements of Government Code
§ 36518.
NOW, THEREFORE, 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 § 365 18 for the City Clerk, City
Treasurer and Finance Director positions and also to provide coverage for other
officers or employees whom the City Council 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 §§ 36518 and 36519.
The above and foregoing resolution was passed and adopted by the
Saratoga City Council at a meeting held on the 5th day of February,
1997, by the following vote:
AYES: Councilmembers Bogosian, Jacobs, Shaw, Wolfe and Mayor Moran
None
NOES:
ABSENT: None
~_/,,/'~ .Mayor
ATTEST:
D~puty C~t'~