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RESOLUTION NO. 13-6824
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA, APPROVING COVERAGE OF ALL OFFICERS
AND EMPLOYEES UNDER ONE MASTER FAITHFUL PERFORMANCE
BOND
WHEREAS, prior to January 1, 1997, the California Government Code required that local
public agency treasurers be individually bonded and;
WHEREAS, the City Council also had the authority to require bonds of other officers or
employees; and
WHEREAS, California Government Code Section 1481 was amended January 1, 1997
with Assembly Bill 3472 to extend master bonding provisions to local public agencies; and
WHEREAS, Assembly Bill 3472 requires the City Council to adopt a resolution
approving coverage of all their officers and employees under one master bond; and
WHEREAS, approval of such resolution eliminates the necessity of writing bonds on
specifically named individuals for their term of office, reducing both cost and paperwork.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Hermosa
Beach, California authorizes the coverage of all their officers and employees under one master
bond.
PASSED, APPROVED and ADOPTED this 8th day of January 2013.
PRESIDENT of the City
ATTEST:
City Clerk
YOR of the City of Hermosa Beach, California
City Attorney
13-6824
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No.13-6824 was duly and regularly passed,
approved and adopted by the City Council of the City of Hermosa Beach at a Regular
Meeting of said Council at the regular place thereof on January 8, 2013.
The vote was as follows
AYES:
Bobko, DiVirgilio, Fishman, Tucker, Mayor Duclos
NOES:
None
ABSTAIN:
None
ABSENT:
None
Dated: January 9, 2013