HomeMy WebLinkAboutAgenda - 12-04-2000-8hORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: December 4, 2000
Action Agen
Item No. -
SUBJECT: Examination of Bonds
DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y/N) No
Services
ATTACHMENT(S): - INFORMATION CONTACT:
Bonds for: Pam Jones (919) 245-2652
Sheriff
Register of Deeds TELEPHONE NUMBERS:
Finance Director Hillsborough 732-8181
Tax Collector Chapel Hill 968-4501
Blanket coverage for all employees Durham 688-7331
Mebane 336-227-2031
PURPOSE: To examine bonds for officials pursuant to G.S. 109-5.
BACKGROUND: General Statutes require that bonds be examined annually to determine
whether they have been impaired in any way over the past year and to determine their
suffciency.
The circumstances under which the bonds would be called upon to perform do not indicate that
an increase is needed above the amounts currently carried. These amounts are as follows:
Sheriff $ 25,000
Register of Deeds $ 25,000
Finance Director $250,000
Tax Collector $ 30,000
All County Employees
(for faithful performance) $250,000**
*'"This coverage is part of the comprehensive policy through the County
Commissioners Insurance pool. $250,000 is the standard limit.
Further, there have been no incidents or claims during the past year that would impair the
security of these bonds. Therefore, it is recommended that the bonding limits remain at their
current levels for the aforementioned positions.
FINANCIAL IMPACT: There is no direct financial impact associated with the examination of
bonds.
RECOMMENDATION(S): The Manager recommends that the Board maintain the bonds at
their present levels.
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FUBL.IC OFFICIAL. BOND-
FOR DEFINR'E TERM _ ~:r
~~ ~ .
~.
2
rta-vt=.t~tts cAStu-trr uro surar+r taap~-rtr o~ ~-~etdcr-
Hard~rd, Cann.cee~rt oeta3
aoNO No, zs x zsa~~a~z ~-
Ia10W Al11AB~1 BY THt:SE PRESENTS, That w~a
AL1s6itT L. PffiiDEEGisASS
d ~a0 8ti9EEI11 STEESTs CHAPEL HILLS xa>a:~ CA>3aLIxA . a Prirrdpal.
., and TRAVEt:ERS CA$UALM AND SURETY COIUPANY OF AMERIC.I~ • aorporafton d Harland, Cannsdkut, as Surety
'aralhrilld
<,~ ,,.
' ittt~ b0urd unp OEA1i~ "- HILL8801WtT~, HO>i;1'H CAEOLINA
'~......
iA tlta panel wm at 'Tii811'R FIVE T80IISAtID Arm 00/ 100---------..------~--(s2s.000.OOw----•--] Dollars, bavfui
n~ortsy d ~ UnNad Stake d Mrsrka~ tsar the paymsrtt of which well and troy m ba meide; spld prlnclpal binds
tiMrrsilhraE-hhAMx heMsr eaoee+ubrs. ~ and saeipns, and acid Suroty tdr+de ibrelf. Ss euaaeeara and asebne.
arMd a~raray, urrrthr blr than prsartb~.
SEIIL,ED and dsisd thin Zitb day d I10118>!lES1E
YM~E118, .tile aid prinerpal has bestr ELECTED
19 98
b the oAlcs d SHSRiFF
IbradalitEstann bapiirrits ~ aECEa~ss 1, 1998. and srrdirtp DECEI~$Y: i. 2002 and a rsqulnd ~
1VnYh a Mond brtl+a twit ~ dtJta duUa ~ih~ aak!< allies or poa~tan.
Nth TORE THE CONOtTiON QE THI$ QBUQATtON M such that tf the abw~s bawtdan Prtridpal ehaN (except ai.
hr~elitsAar pto~rldad4 teiu+tti~t lam ~ dtrdaa d hisAiar aid. otlla or paeltlort durinE fha aid taFrr~ and atnq pay aver to
tAe pwrapns ad+artasd bi- tarr.b raeeiwr thraams aN manays that may soma Into hisArar horde durlnp tl+e acid tsmr wMhaut
tfiaitdor dtitan and at th1~ vq~iraftdn d said tann~ ar to crass d hhfhar rsetpnatbn ar rerrroval lrarr ofila. shd tom over to
tri111Aer arroocasor a9 nsoords and propsr~ which haw Dome Inca hlsAMr hands;, than this. abNpatlon !~ ba nuE end void;
alherMriss b rsm^ir to fMrM bra and ellid.
PRONICEO. HGi1NEVER. that the abaNr ttantsd Stuagl ahsM rrot be Nabie hereunder for any lass of any qubNc fund r+ssulSr+O
iivatMra imoNarrcy d any 6eNc ar 0^rtks ti W~hkh sold flubs are deposited: and. if this provisbn shaE be held void. this entire
bord abet b! void. . .
IINU~PRO~VIOED FURTHER That Iha Surely may oarroil bond at any:•time durtnp tht saki brm by phrinq b the ~obli0ee a
rwttrll natloa aE its deeirs so b areal and ett the expN~Nan of thirty (30) days from the rroeipt of such notke by the cbliSee
dra s~aagir shsi be aar~rlal^ly released as b aN - UtrreaMr aocru~. If thb pr+ovWon shop bs held vald~ thb. anHre
taottd shal tta void.
SEAL]
ALD1tBT L. PElgD6AGEAS$ .
TR/WELt31a CABtJAt.1'Y ANO sut:ETY COMP/1llY ~ AAAERICA
~- '~
Tg s. xcvT ABomey~n-F~ct
Noah Carolina
»..
OD%
plicate
V'1/est~rn Su ~~n
. Y
o~xcz~, BorrD
KNOW ALL PERSONS BY THESE PRESENTS: Bond No. 68793.590
That we, Jo~ceEl. Pearson _ - .._. --, _.._
of - ,North Carolina, ae Principal, and WESTERN SURETY
CO1V1pANY. a corporation duly licensed to do business in the State of North Carolina, as Surety, are held
and firmly bound until Etegiater of Deeds
in the euip pf Twenty-Fine Thousand,_,and _00!100 DOI,I,piRg (= 25.000.00 ),
for the payment of which well sad truly to be made. we bind ourselves sad our ~ representatives, joint~-
and severally by these presents.
Dated }~ 11th day of November _ ,~ 99A
THE CONDITION OF THE ABOVE OBLIGATION is SUCH. That whereas. the said Principal has bees
appointed ®elected to !hs a$p of Re inter of Deeds ,
~ ~ term beginning the _ 7t~~y ~ December 1998 , ~d en~g ~
7th ~~ypf December 2002
NOW THTREFORE. if the said Principal shall in all things fsithful>s- perform the duties of his oiltwe sad
shell uat for all moneys and effiects that may come into his bands in his official mpaciq- during
d~~~~r bond may ba c~noelled by the surety as to future liabilit,~- by giving written notice, by
r
Register of Deeds, North
certified mail; addressed t4 aacb. the Principal and the Obligee at Carolina ,
and thirty (30) days aRer the mailing a~f said notices by oartiSsd mail. this bond shall be cancelled and null
and void as to any liability tbereaRer arising, the Surety remaining liable. however. subject to all th4 terms
sadnnconditioas of this bond for ~ sad all acts covered by this bond up to the date of each cancellation.
Witblees to Principal._ /1
WitaesstoS ~ WESTERN SURETY COMPANY
By - tp ''lr'Pa at
Ccuatersigaed ~~--~~~~~ North Caroli~oa Resident Agent
Approved this ~~ day of ~ % 5 g~ __.---._ , _.~__---•
the obligation do ba void. aRlterwiss to remain is lull farce sad sect.
blr the Surety upon thy. folloering express conditions. which shall be conditions
p~~ recovery hereunder.
T: The shall not be lisbh for the. loa of aqq public moneys ar funds resulting from the
nt by nay Haalcs air Depositories is which auy public moneys ar funds have been
Faro ~re.~.s-se
4
F.RlE INSUf~ANCE COMPANY
Public Official Bond
~~ ~-l13~Ien 6~ 3Li>lsss ~rsss~s, eond No. Q~-. ?'~?Q NC
That we. .. Leh 1 Ch~viaus ..........................:............................. .
Of .. '. ~ ................:.... ............. .. ... ae Principal.
. . . . ..... . .... ..........
and ths~ER1E lN$UfiAWCE COMPANY, a eorpor~tfon duly incorporated under tfie lays of the Stets of
Psnnsyhrania. having ite prlrKipal oftke in tM City of Eris M the ssid State. and tkenasd to do business in
100 Eris ~Mxt 8Le<cs, Fsi '16~
the stab of ... P~s~lvrnis ... with otficss u ................ '.
. .................... 5~..
aa. Surety. are held and firmly boue-d unto ... ~~°$*. ~.°.'~°~?'. no~isd of coiaisaic~ca
...: ~, .,~~~x. ct~a..~a :...............................~..........
in the wm of
lawful money of the, united Steles of Anurics. for tf+e payment of wftiich. well and tEUly to bs mads~ we
bind ouraMwr. our hMrsr aooar~ora. adnthi•bstora. successors and assigns ioiMh- and severalty. itrmy
by theM P
~~ ........ day of . s!pr~riv 92. , .
SW.ip wITM 01J11 !/AL.i and dated this .................. .
whirsas~ the. above eoundan ....~!!~ ~~ Chaviav
was on a+f ....... 23rd ........ day oe ......~ ........... io 92 .. duly appoi
t)i.ract:oac Oaf BiaiaaoS ...................... of the . ~.°.~: ~~ ,Cf _ Cosmd,ariar>rers
for a bran i7dpinNrp on the ..~.. r.4~' o! O~ro~rr. i~ ...................................... .
Now;, tilsrslars the oondlNan of this abligatlon is sudr.
that if the above boundari- .... ~.~ ~~ ~~........... ...... ............ .
shalt welt and taid~h~ly dilchsrgsthldugssof nb office and promplty ~~ fbll ovsraq ~e
or propbrty received b!1 hilll as such oMlar in accardarKe with law. or M dsfauEthereof. tfte partNs exs-
cutinq this uridsrfaMiNq wW pay M dsrnapss. ~ and ~pN+pM rseultlnq tram such defaiult. not eueed-
inq the sum attoMSnrantiansd~ thsrt tttls obllq+alor+ b bs void: oeherwlas M rslnaN+ b toll foams and etfsct.
this undsrtatlirl~ map not bs chengsd or modlfMd only. iV0 q+angs Or m0~dlfigtiart shag M dfhctlve
unhlss roads by wrMbn ertdorasnrrnt fasued to tbem a part hereof.
In wNraess WAsrsel. eald P'rindpal hae l~erwinto set his hand an0 seat and,the t:AIE lfr5Uf1A1HGd
COMPANY has affixed ite corporals Mal. atbslsd by the sgnaturs of i4 duly autl+oriasd,AKarnsy»in~act.
the day and year Nrat above wtiteen~. ~~ ~jMy
Principal ........... ~Lf-?':"~ ........... .
-
ERIE 40N~Pp~ly ,
.. .~.~•..J•~~% ...............
s~-~ rm
"=~Y .
~~ ,
5
ERIE IIySIJRANCE COMPANY
Publie Official bond
~II ~s~t ~ ~~sss ~refttt#f, BOnd Na QB~~~~i~44..
That w.....t4.e~w.sin.a~.~.aa ............................................................ .
Of ...$~1~6PrlWV~., .AT...1:... ......... .. .. ........... ...... as Principal.
and tht/ EfilE INSURANCE cOMPM1Y. a corporation duly irKOrporated•under ttr awe of tl» State of
~• having ib print:IpN OfNoe in the City pf Erie in the ssid Stab. end IfcNtgd to do busineat in
tfle Stall d .~4iTh .Cas.~vl3Aa....... with offioea at ,Lao. F.aia. ~rrnea• Places •S~Me r • y:As . .
~;:,
'~
tt
..,
-;
`s~
,.,
~~.
;r
i
n
q >3taMy. are Arid and fimMy bound unto Gvuat~c . vf. Gram. • ltastb ~Carolls~a ..........:....... .
........................................................................................ . .......
in tit! ataat d .. xh~rt,R.T~waaad..b.0~10a .............................................. t7ollars.
IaM11t111ROrNy Of the Unitsd $btsa of MtericsV IOr ttte payment of which. vreil and trtdyy to be madr. we
bind ouaMluss~ OtY hairs. ~ add wcnaors and assigns. jointly irld ssrwalfy, firmly
~~~~
>>I~6r0 b{TM 01J11 lltAti and defied thir . ~otarzh .................. day of .>;atwae7 • it00A ..... .
bltarMtr, IIM avow bOwtdett` pia.A~w.$t-nts.itorbreraaa.... .....:................................ .
wee vn ttM ....$4PF.t~.......... day of . J ................: 2ooD... duly appokttea yr elected
..... Tas Colltct:or ....................... at the .. ~vvuat.P.vf. G~aaga...•..
.., ................
*~ i-ourt;h o! January, 2000
for a t~rln begMa~g ~ NR •..........,.........• ..............•1.•..1...•......................
Mwr.7'AwMora tiff! aondiMat d thin obligation i• such:
that it the rbove bOurtden r~q.l~.$alAl.$~O~usrivn ..... ..... .. ............................. .
shah wMlland~airlbtdly dhdyrgoths dutMs of his offl<as and promptly accpurttfpr and pay over all moneys
Or property rraMMSd t+~ ttlaA r such offivK. in aoaordaetca with Irw. or in daault thereof. the parties axa-
txlgrtg MM vetdtrfalthtg ttdll pay aN dataagq. poets snd eapanaea rratatirtg lrom eudt drfault. not excad-
ing thtl suw abttw aAenllott~.tltert th4 obugadort to br void; othrrwlq !O remain fn ftdl tome and aftaat.
Thin ~O~q arlt not br ohartgsd or ntodlAad orally. No change or rnodMicatlon shall !~ eflrWve
unMea a~ada bt-.wriMan ertderesntertt hswd b farm a part hrrraf.
v wMt1MS Mlhasaot. raid frrlndprl hea ltersunto set hie hand and real and ttte ERIE INSURANCS
COMPANY has afMxed ib ooeporaa seal. attested by the signature Of Ib duly authorised Attomry-in-Fact,
tfte dah- and year firer aaotrti: written.
Principal . ~,...... .
ERIE ~ CGMPIAI'lY
ey ~. .e~.~,~. ~ ................... , .
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NORTH CAROLINA COUNTIES LIABNJTY AND PROPERTY' INSURANCE POOL FUND
SECTION N
CRIME
CONTRACT OECIARATIONS
Partlc~pnG OranOs County
CertlAca>Its Number: I,P-OR-087-00
Contract Parlod:. From 07/01/200tf to 07/01/2001
Effectlva Tama: 12:01 a.m., Eastarn Stoarldard Titus
SCHEDULE OF COVERAGES AND LIMITS
COVERAGE - LIMIT
per oocurrsncs DEDUCTIBLE
per ocalme
1. FaitMul Paiormena - Blankat PasiSpn Co~arasps '5250.000 ~li0
2. Loos Inslda the Prort~eM Cowareas
3. Laq Oulslds the Prr,mba Cotieraps 1250.000
5250.000 525D
5250
4. Moray Ohs and Cau~brKsit Pspar CumsnCy Covera0s 5250.000 Sao
S. Depoeibrs For+pay Cavarsps 525D,000 5250
NCACC fiMP CR111AE SECTION Pp~ 1
EDITION 7MfI000'