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Resolution 2018-03RESOLUTION NO. 2018-03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY ESTABLISHING REQUIRED BONDING FOR DESIGNATED CITY OFFICIALS WHEREAS, pursuant to the City Charter Section 808 the City Council shall fix by ordinance the nature amount and terms of the official bonds of all officials or employees who are required by ordinance to qualify for such bonds; and WHEREAS, Section 2.8 of the Gilroy City Code provides that the City Council require designated city officials to be bonded in such amounts as may be required by resolution; and WHEREAS, California Government Code Section 36518 requires that the City Administrator, City Clerk and City Treasurer be bonded and that the penal sum of the bond shall be in a reasonable amount recommended by the city attorney and fixed by the City Council, by resolution; and WHEREAS, California Government Code Section 1481 provides that the City Council may approve of the use of a master official bond, or other form of master bond, which shall provide coverage on more than one officer, employee or agent of the City, whether elected or appointed, who is required by statute or regulation to give bond; and WHEREAS, the City has entered into a Blanket Public Employee Bond (Commercial Crime Policy) with Municipal Pooling Authority to provide said coverage. NOW, THEREFORE, BE IT RESOLVED that the following bond requirements are hereby established for the following City Officials as required by statute: 1. City Administrator $1,000,000. 2. City Clerk $1,000,000. 3. Finance Director /City Treasurer $1,000,000. PASSED AND ADOPTED on this 26h day of February, 2018 by the following roll call vote: AYES: COUNCILMEMBERS: BLANKLEY, BRACCO, HARNEY, LEROE- MUNOZ, TOVAR, TUCKER and VELASCO NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE RESOLUTION NO. 2018 -03 elasco, Mayor RESOLUTION NO. 2018-03 I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2018 -03 is an original resolution, or true and correct copy of a city Resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 26d' day of February, 2018, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 28h day o f f ebruary, 2018. Shy is Freels, MMC U City Clerk of the City of Gilroy (Seal)