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LAR 7.2.19 <br />RESOLUTION NO. 2019-064 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING COVERAGE OF ALL OFFICERS <br />AND EMPLOYEES UNDER ONE MASTER FAITHFUL <br />PERFORMANCE BOND. <br />THE CITY COUNCIL OF THE CITY OF SANTA ANA, (CITY), HEREBY DOES <br />FIND AND RESOLVE AS FOLLOWS: <br />WHEREAS, prior to January 1, 1997, the California Government Code required <br />that local public agency treasurers be individually bonded and; <br />WHEREAS, the City Council also had the authority to require bonds of other <br />officers or employees; and <br />WHEREAS, California Government Code Section 1481 was amended January 1, <br />1997 with Assembly Bill 3472 to extend master bonding provisions to local public <br />agencies; and <br />WHEREAS, Assembly Bill 3472 allows the City Council to adopt a resolution <br />approving coverage of all their officers and employees under one master bond; and <br />WHEREAS, approval of such resolution eliminates the necessity of writing bonds <br />on specifically named individuals for their term of office, reducing both cost and <br />paperwork, <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />DOES HEREBY RESOLVE, ORDER, AND DETERMINE THE FOLLOWING: <br />Section 1. The City Council of the City of Santa Ana hereby authorizes the <br />coverage of all their officers and employees under one master bond. <br />Section 2. This Resolution shall take effect immediately upon its adoption by <br />the City Council and the Clerk of Council shall attest to and certify the vote adopting this <br />Resolution. <br />ADOPTED this 2nd day of July. 2019. <br />or - <br />Miguel Puildo <br />Mayor <br />Resolution 2019-064 <br />Page 1 of 2 <br />