Explanation
This legislation will authorize and direct the City Auditor to enter into contracts bonding 1.) City Treasurer, 2.) Deputy City Treasurer, 3.) police up through the rank of sergeant, 4.) all other City employees and elected or appointed officials including all officially appointed members of City Boards and/or Commissions, 5.) forgery or alteration, 6.) money and securities on premises, 7.) money and securities off premises, 8.) money orders and counterfeit money, and 9.) computer fraud. The dollar coverage obtained for the City Treasurer, Deputy City Treasurer, police up through the rank of sergeant, all other City employees and elected or appointed officials including all officially appointed members of City Boards and/or Commissions, forgery or alteration, money and securities on premises, money and securities off premises, money orders and counterfeit money, and computer fraud commences 01-01-2011 and expires 12-31-2013. After publically advertising in the City Bulletin for four weeks and one direct mail solicitation to eighteen (18) prospective bidders, one (1) response was received. Huntington Insurance, contract compliance #34-1715613, expiration date 9-24-2012.
FISCAL IMPACT:
Currently $127,753.00 of appropriation authority is available within the General Fund in the Auditor's Office.
Title
To authorize and direct the City Auditor to enter into contract for the bonding of the City Treasurer, Deputy City Treasurer, police up through the rank of sergeant, all other City employees and elected or appointed officials including all officially appointed members of City Boards and/or Commissions, forgery or alteration, money and securities on premises, money and securities off premises, money orders and counterfeit money, and computer fraud; to authorize the expenditure of $127,753.00 from the General Fund; and to declare an emergency. ($127,753.00)
Body
To authorize and direct the City Auditor to enter into contract for the bonding of th...
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