City of Oakland - File #: 07-1881

• File #: 07-1881
• Version: 1
• Name: Employee Bond Requirements - Amendment
• Type: Ordinance
• Status: Passed
• File created: 12/9/2008
• In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
• On agenda: 2/17/2009
• Final action: 2/17/2009
• Title: Subject: Employee Bond Requirements - Amendment From: Finance and Management Agency Recommendation: Adopt An Ordinance Amending Ordinance No. 7997 C.M.S., Which Established A Requirement That The City Provide Bond Insurance For Specified City Employees And Officer To Insure The Honest And Faithful Performance Of Their Official Duties, To: (1) Add The City Atorney As A Bonded City Officer, (2) Authorize The City Administrator Or His/Her Designee To Approve The Bond Insurance Agreements, Subject To Approval As To Form And Legality By The City Attorney; (3) Set The Minimum Bond Coverage Limit For Each Such Employee And Officer At Two Million Dollars ($2,000.000); And (4) Authorize The City Administrator To Provide A Master Official Bond, That Will Cover All Such Employees And Officers If The City Administrator Or Designee Determines That It Is In The City's Best Interests To Do So

Date	Ver.	Action By	Action	Result
2/17/2009	1	Concurrent Meeting of the Oakland Redevelopment Agency/City Council/Joint Powers Financing Authority	Approved for Final Passage	Pass
2/3/2009	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council	Approved On Introduction and Scheduled for Final Passage	Pass
1/27/2009	1	*Special Finance & Management Committee	Approved the Recommendation of Staff, and Forward	Pass
12/11/2008	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Employee Bond Requirements - Amendment

From:            Finance and Management Agency            

Recommendation: Adopt An Ordinance Amending Ordinance No. 7997 C.M.S., Which Established A Requirement That The City Provide Bond Insurance For Specified City Employees And Officer To Insure The Honest And Faithful Performance Of Their Official Duties, To: (1) Add The City Atorney As A Bonded City Officer, (2) Authorize The City Administrator Or His/Her Designee To Approve The Bond Insurance Agreements, Subject To Approval As To Form And Legality By The City Attorney; (3) Set The Minimum Bond Coverage Limit For Each Such Employee And Officer At Two Million Dollars ($2,000.000); And (4) Authorize The City Administrator To Provide A Master Official Bond, That Will Cover All Such Employees And Officers If The City Administrator Or Designee Determines That It Is In The City's Best Interests To Do So