Chapter 2.54
BLANKET BOND COVERAGE

Sections:

2.54.010    Blanket bond coverage.

2.54.010 Blanket bond coverage.

If available, the city shall subscribe to and maintain blanket bond coverage by and through its insurance authority for such elective or appointive positions which by state statute or this title are required to post a bond to serve in the position. Such coverage shall be bound for each such position and shall be in the amount of not less than $10,000.

Should blanket bond coverage not be available, before entering upon the discharge of her/his duties in an elective or appointive position requiring the posting of a bond, he/she shall enter into an individual faithful performance bond in the amount of not less than $10,000 with a surety approved by the city manager. The premium on such individual performance bond shall be paid by the city.

All bonds shall be renewed annually or otherwise at such time as required by state statute or this title. [Ord. 910 § 1, 2016.]