pages: SpecialFinanceAndManagementCommittee/2009-01-27.pdf, 3
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SpecialFinanceAndManagementCommittee | 2009-01-27 | *Special Finance & Management Meeting Minutes January 27, 2009 Committee 5 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 07-1881 Play Video A motion was made by Member Nadel, seconded by Member Kernighan, that this matter be *Approve the Recommendation of Staff, and Forward to the Concurrent Meeting of the Oakland Redevelopment Agency / City Council, due back on February 3, 2009 as a Consent Calendar item The motion carried by the following vote: Votes: Councilmember Excused: Member De La Fuente Councilmember Aye: Member Kernighan, Member Nadel and Chair Quan The following individual spoke on this item: - Sanjiv Handa View Report.pdf City of Oakland Page 3 Printed on 2/20/09 | 3 | SpecialFinanceAndManagementCommittee/2009-01-27.pdf |