HomeMy WebLinkAboutAgenda - 12-03-2001-8e
ORANGE COUNTY -
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
McMing Oate: December 3, 2001
Action Agentla
Eem NO. x_E
SUBJECT: Examination of BOntls
DEPARTMENT: Purchasing antl Cen[rel PUBLIC HEARING: (YM) ~No~
Services ~~
ATTACHMENT(S): INFORMATION CONTACT:
Bonds for: Pam Jones, (919)245-2652
ShedB
Register of Deeds TELEPHONE NUMBERS:
Finenrs Direrdor Hillsborough ]3Td181
Tax Collector Chapel Hlll 868-0801
Blanket Coverage fprAll Employees purham 688A831
Mebane 336-TTTT031
PURPOSE: To examine Fronds for officials pursuant to G.S. 109-5.
BACKGROUND: General Statutes require that bonds be examined annually to tletennine
whether [hey have been impairetl in any way over the past year and to determine their
suficiency.
The cirwmstances antler which the bonds would be calletl upon to perform do not indiwle that
an Increase Is needetl above the amounts currently wmetl. These amcums am as follows:
Sheriff $ 25,000
Register of Deeds $ 25,000
Finance Director $250.000
Tax Collector $30.000
Wl County Employees
(for fabhful performance) $250,000^
°Thls wvemge Is part o([he comprehensive policy through the County
Gommisswners Insurance pool. $250,000 is the slantlaN limd.
Further, there have been nc inciderHS or claims tludng the past year that would impair the
security o(these bontls. Therefore, tt Is rewmmentletl that the bonding limits remain attheir
current levels for the aforemantJOnetl positions
FINANQAL IMPACT: There is no tlirect fnancialimpact associatetl with the examination of
bones.
RECOMMENDATION(S): The Manager recommentls that the Board maintain the bonds at
[belt preeeM levels.
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NORTH CAROLINACOUNRE84ABILRY AND PROPERTY INEVRANCE POOL FUND
BE4TION N
LRINE
CONTRACT DECLNUITNINS
Pem~pane omnFa cbaary
LuGflup NW116B1: LP-OR-O6]-01
Gmeacl Penh: Fmm OTM1M01 b OTptI3002
EflxSVe Tine: 13:01 a.m., Fasl<m 8lantlartl Timv
SCHEDULE OF COV ERNGE3 PNO LIMBS
COVERAGE LIMB
paraanurtenm DEDUCTIBLE
Oel bcartanae
1. FeINM PMarmmce-Blenkel POellbn Lmaepe $250.OJ0 E 900
2. Lobs lnakle tllePremNee Cbvpe0a $250,000 $ 500
a, Lass OUlsltle Xre Prembea COMrepv E350,ODJ $ S00
O. Manny Ohms antlCwnlxkll PBpNGWNaay LOVNe9e $ 250.OW $ 800
s.Oepmlroln FUyery Cwese0e i 350,000 E 500