A. In accordance with Civil Code section 9550(a), payment bonds are required on all public works contracts involving an expenditure in excess of twenty-five thousand dollars ($25,000). For purposes of this section, “public works contract” means an agreement for the erection, construction, alteration, repair, or improvement of any public structure, building, road, or other public improvement of any kind. In all other circumstances, the city manager, or his or her designee, shall have authority to require a payment bond before entering a contract in such an amount necessary to protect the best interests of the city.
B. The city manager, or his or her designee, shall have authority to require a performance bond before entering a contract in such an amount necessary to protect the best interests of the city.
C. The city shall, to the greatest extent practicable, use bond forms supplied by the city attorney. (Ord. 2021-06-1524 § 2 (part))