Loading...
5.f) Ratify Surety and Blanket Bonds for City Employees (Resolution 01-17-12-02) Meeting Date: 1/17/2012 Agenda Item: �.,...,:a F � . J City Council Agenda Report City of Scandia 14727 209`h St. North Scandia, MN 55073 (651) 433-2274 Action Requested: Ratify surety and blanket bonds for City employees (Resolution O1- 1�-12-02.) Deadline/ Timeline: This action should be taken at the annual meeting. Background: • State Statutes require the City to provide surety and blanket bonds to ensure the faithful performance of various employees. The attached resolution officially ratifies the bonds in accordance with State Law, and as recommended by the League of Minnesota Cities. • The bonds are provided by LMCIT as part of our insurance coverage package. The bond coverage will remain at $200,000 for 2012. Recommendation: I recommend that the Council adopt the resolution. Attachments/ • Draft Resolution 01-17-12-02 Materials provided: Contact(s): Prepared by: Anne Hurlburt, Administrator (ratify bonds) Page 1 of 1 O1/12/12 CITY OF SCANDIA RESOLUTION NO. O1-17-12-02 RATIFYING SURETY AND BLANKET BONDS FOR CITY EMPLOYEES FOR 2012 WHEREAS, surety bonds for certain City employees and a general bond covering all City employees are required for 2012; NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCANDIA, WASHINGTON COUNTY, MINNESOTA, that surety bonds insuring the integrity and honest performance of duties by the following named employees in the amounts set forth are hereby ratified and confirmed for the year 2012: City Council $200,000 City Administrator/Clerk $200,000 Treasurer $200,000 Deputy Clerk $200,000 Fire Chief $200,000 All Employees $200,000 Adopted by the Scandia City Council this 17th day of January, 2012. Randall Simonson, Mayor ATTEST: Anne Hurlburt, Administrator/Clerk