HomeMy WebLinkAboutPurchase- Blanket Employee Dishonesty Policy of Insurance
ORDINANCE No. a,aa96
Passed by the Common Council of the City of South Bend, Indiana,
December 23. 19 96
Attest:
Attest: .- ""r`
City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
December 26,
President of Common Council
19 96
Ciry Clerk
Approved and signed by me ~ c3 (~ 19
Mayor
ORDINANCE N0. ~~~~- /~
AN ORDINANCE OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE
PURCHASE OF A BLANKET EMPLOYEE DISHONESTY POLICY
OF INSURANCE TO COVER ALL OFFICERS, EMPLOYEES,
COMMISSION MEMBERS, AND PERSONS ACTING ON BEHALF
OF THE CITY OF SOUTH BEND
STATEMENT OF PIIRPOSE AND INTENT
The City of South Bend currently maintains two (2) separate
forms of insurance covering the faithful performance of various
City officers and employees: Public Official Schedule Bonds
covering the South Bend Controller, Finance Director, and thirty-
six (36) other scheduled positions (including members of various
Commission and Boards), and a Blanket Public Employee Dishonesty
and Faithful Performance Bond covering all City employees. The
coverage provided under the Schedule Bonds totals $300, 000 each for
acts of the City Controller and Finance Director, and $15,000 each
for all other scheduled positions. The coverage limit under the
Blanket Policy totals $1,000,000 per loss. The Schedule Bonds are
not subject to a deductible, whereas the Blanket policy is subject
to a $2,500 deductible. The premium for the Schedule Bonds totals
$1,946 annually.
I.C. 5-4-1-18 allows a municipal fiscal body, by ordinance, to
authorize the purchase of a blanket bond or crime insurance policy
endorsed to include faithful performance to cover the faithful
performance of all employees, commission members, and persons
acting on behalf of the municipality, including City Controllers,
Clerks, and those employees directed to file an individual bond by
the municipal fiscal body. Inclusion of all scheduled positions
under the City's Blanket Bond and illumination of the individual
surety bonds will result in a premium savings to the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
SECTION I. The purchase by the City of a blanket bond or
crime insurance policy endorsed to include faithful performance to
cover the faithful performance of all employees, commission
members, and persons acting on behalf of the municipality,
including:
1. City Controller
2. Finance Director
3. City Clerk
4. Board of Public Works
5. Board of Public Works
6. Board of Public Works
7. Park Commissioner
8. Park Commissioner
9. Park Commissioner
10. Park Commissioner
11. Utility Boards
12. Utility Boards
13. Utility Boards
14. Century Center Board
15. Century Center Board
16. Century Center Board
17. Century Center Board
18. Century Center Board
19. Century Center Board
20. Century Center Board
21. Century Center Board
22. Superintendent/Park
23. Board of Safety
24. Board of Safety
25. Board of Safety
26. Redevelopment Commission
27. Redevelopment Commission
28. Redevelopment Commission
29. Redevelopment Commission
30. Redevelopment Commission
31. Barrett Law
32. Redevelopment Authority
33. Redevelopment Authority
34. Redevelopment Authority
35. Ticket Agents
36. Ticket Agents
37. Ticket Agents
38. Ticket Agents
39. Ticket Runner
shall be and hereby is authorized.
SECTION II. The coverage under the Blanket Bo1nd shall be and
hereby is fixed at $1,000,000 each loss.
SECTION III. This ordinance shall be in full force and effect
from and after its adoption.
Member of the Common Cou it
1st READING ~/-~J'~~ /
PUELK HEAPING ~oZ~~3 -~(o
3rd READING ~~' ~ ? ' C~/
NOT APPP,OVED :1 Y
REFE~;RED
i+iled in Cleris'~ C~~~~e
~.
PlOU 1 ;~ 196
LOR~TTA J. i~UDR
CITY CLER~~t, .°~. 0>:hiD, I~.
PASSED ~P7 ., ~~ , %~
COMMITTEE REPORT
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee
to whom was referred
BILL NO.
98-96 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,
INDIANA, AUTHORIZING THE PURCHASE OF A BLANKET EMPLOYEE
DISHONESTY POLICY OF INSURANCE TO COVER ALL OFFICERS,
EMPLOYEES, COMMISSION MEMBERS, AND PERSONS ACTING ON
BEHALF OF THE CITY OF SOUTH BEND
Respectfully report that they have examined the matter and that in their opinion, this bill
has been recommend to the Council favorably.
Sean Coleman
Chairman
~U TH :"cry
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`~r~~~`,~;'~a ~' City of South Bend
,,~?, '~ rf',`' Jo.cph k:. Kcrnan. Mayor
1865 _;;,:~'
Department of Administration and Finance
Kevin C. Horton
Mr. Roland Kelly, President
South Bend Common Council
4th Floor, County-City Building
South Bend, IN 46601
November 4, 1996
Re: An Ordinance of the Common Council of the City of
South Bend, Indiana, Authorizing the Purchase of a
Blanket Employee Dishonesty Policy of Insurance to
Cover All Officers, Employees, Commission Members,
and persons Acting on Behalf of the City of South
Bend
Dear Mr. Kelly:
I am attaching the above-referenced ordinance for filing. This
ordinance authorizes the elimination of public officials surety bonds for
thirty-eight (38) public officials in favor of a blanket bond insuring
the faithful performance of these officials. The elimination of the
individual surety bonds will result in a savings of approximately $1,946
in annual insurance premiums and provide a higher level of loss
prevention coverage.
Your favorable consideration is requested.
KCH/jl
Filed in ~lerit's Office
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t.oat:rrnJ. auaa
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Sincerely,
n ~~
Kevin C. /Horton
City Controller
County-City Building • South Bend, Indiana 46601 • 219/235-9216 Fax 219!235-9928
Catherine A. Hubbard Jeffrey A. Rinard Isabel Gonzalez Ronalda Minnis
Director Human Resources Finance Director Safety & Risk Manager Benefits Manager