(A) All city officials and employees who are required to be bonded shall be bonded in the amounts set forth in state law.
(B) In addition, all city officers and employees not specifically covered by the foregoing statutes shall be subject to a blanket bond in the amount required by state law.
(C) (1) In light of the foregoing, the following bonding amounts are hereby adopted for the following officials of the city:
OFFICIAL | BOND AMOUNT |
OFFICIAL | BOND AMOUNT |
Clerk-Treasurer | $300,000 |
Deputy Clerk-Treasurer | $25,000 |
City Attorney | $15,000 |
Chief of Police | $15,000 |
Plan Director | $15,000 |
Park & Recreation Director | $50,000 |
Street Commissioner | $15,000 |
CEL&P Manager | $50,000 |
CEL&P Controller | $300,000 |
Blanket Bond (all other employees & officers) | $20,000 |
(2) Any official or employee not specifically named above shall be covered by and subject to the blanket bond of the city.
(3) In the event that the minimum requirements of state law change in the future, then those requirements shall become the minimum bonding requirements of the city, it being the intention of the Common Council that the amounts set forth in this section be continuously updated to reflect the actual minimum requirements of state law.
(D) Crime insurance policy.
(1) In the alternative to individual surety bonds; the city may purchase a crime insurance policy that provides for the criminal acts or omissions committed by; endorsed to include faithful performance of all employees, commission members, and persons acting on behalf of the city, including but not limited to City Judges and Clerk-Treasurer, Deputy Clerk- Treasurer, City Attorney, Chief of Police, Plan Director, Park and Recreation Director, Street Commissioner, CELP Manager, CELP Controller, all other employees and officers, and employees directed to file an individual bond by the fiscal body of the city in lieu of surety bond for individuals; and
(2) Unless a crime insurance policy is canceled, the policy must continue in force for the term of office of the individual who files the policy; and
(3) The aggregate liability of the surety or insurer is the amount specified in the policy;
(4) It is the policy of the city to comply with all provisions of the Indiana Code. If a policy of the city and a provision of the Indiana Code regarding crime-insurance policies under IC 5-4-1-18 conflict, the Indiana Code will be deemed to be the policy of the city and will be enforceable as if specifically written in this policy.
(‘85 Code, § 4.13) (Am. Res. 25-1995, passed 9-11-95; Am. Ord. 16-2004, passed 7-12-04; Am. Ord. 27-2009, passed 12-14-09; Am. Ord. 26-2019, passed 12-9-19)
Statutory reference:
Individual surety bonds and blanket bonds for city employees, see I.C. 5-4-1-18 and 5-4-1-19