Ordinance 084-15RECORD OF ORDINANCES
Dayton Legal Blank, Inc.
Form No. 30043
Ordinance No. 84 -15 Passed 20
AN ORDINANCE AUTHORIZING BONDS TO BE OBTAINED
FOR THE CITY MANAGER, THE DIRECTOR OF FINANCE, THE
DEPUTY DIRECTOR OF FINANCE AND THE DIRECTOR OF
TAXATION AND SETTING THE AMOUNT OF THOSE BONDS.
WHEREAS, Sections 705.27 and 705.60 of the Ohio Revised Code both require that
certain employees of Municipal Corporations obtain bonds for the faithful performance
of their duties; and
WHEREAS, the City of Dublin, similar to other cities, historically has required bond
coverage for certain employees; and
WHEREAS, the Ohio Revised Code requires that the amounts of such bonds are to be
set by City Council; and
WHEREAS, such coverage is now available as part of the City's Government Crime
insurance coverage and, as a result, the City has elected to reduce the bond limits.
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of
Ohio, of the elected members concurring that:
Section 1. The City Manager, the Director of Finance, the Deputy Director of
Finance and the Director of Taxation shall each obtain individual bonds in the amount
of $10,000 and shall renew such bonds each year.
Section 2. The premiums of such bonds shall be paid by the City of Dublin.
Section 3. Ordinance 91 -95 is hereby repealed.
Section 4. This Ordinance shall take effect and be in force from and after the
earliest date permitted by law.
Passed this 1�g� day of/I/d1J��Z°_!� , 2015.
or — Presiding Officer
ATTEST:
Clerk of Council
IOffice of the City Manager
Citvof Dublin 5200 Emerald Parkway * Dublin, OH 43017-1090
t
"V Phone: 614-410-4400 # Fax: 614-410-4490
To: Members of Dublin City Council
From: Dana L. McDaniel, City Mana •
Date: October 29, 2015
1:1
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IN;4 I I Me
• City Manager
• Director of Finance
• Deputy Director of Finance
• Director of Taxation
The level of coverage specified in this ordinance for each bond is $10,000.00. This is tht
amount the City's broker recommends we maintain.
Ordinance 91-95 is a previous ordinance that required different amounts for the positions
noted above and did not acknowledge the government crime insurance policy the City no
has in place. The proposed ordinance repeals Ordinance 91-95 and will govern bond
requirements after adoption. i
[0� =
Staff recommends approval of Ordinance No. 84-15 at the second reading/public hearing
on November 16,,2015.