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Home My WebLink AboutAgenda - 12-01-2003-8jORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: December 1, 2003 Action Agenda , Item No. __ SUBJECT: Examination of Bonds DEPARTMENT: Purchasing and Central Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Bonds far: Sheriff INFORMATION CONTACT: Pam Jones (919) 245-26,52 Register of Deeds TELEPHONE NUMBERS: Finance Director Hillsborough 732-8181 Tax Collector Ghapel 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 bands be examined annually to determine whether they have been impaired in any way over the past year and to determine their sufficiency. 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 (on file with the Clerk of Gourt) Register of Deeds $ 25,000 (an file with the Clerk of Court) 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. $250,000 is the standard limit, Further, there have been no incidents or claims during the past year that would impair the security of these bonds, Therefore, it is recommended that the bonding limits remain at their current levels for the aforementioned positions. FINANCIAL IMPACT: There is no direct financial impact associated with the examination of bonds. RECOMMENDATION(S): The Manager recommends that the Board maintain the bonds at their present levels. vC PIiBI.IC OFIApAt. ~OtlD FOR DEFLATE TEltlYi ntAw.eRa t:ASI1Al.TT i auReiT 6,Olaat~llNy on Ai1iRIG- Iisrtlbro. ca.MOdait oatq tjoND No. 2trCWtT2 KNOW Atl IAETI 6Y 7FIEOt: PR68ETits, That ws ALt16i't' L PWDOJlORA44 .. d 100 4lVERW STttEBT, CIIAPfL H11.L, NORTH OARO11a11, as PAndpY, and TttAVELtilRti CJ1$UAt.TY i 8tJRE1'Y COMWM7Y OP II~ICA, a oo~porMlon dHwHad, Catnacdout. as tAaaty na hakl and 1krNy bound nNn ORI4NA! COUIftY. i0t.I.a0Y01tOBO11, NORTH CAROt.INA 1nWapamiauma 'rNI~YFlVETIWIIOAlDAtlDOOnof-{i~iA~•~f-~. lawfli money d tba tkdlsd atatss d Amaaes, ibtths psrymant xwl~ioh wail and tab b w nwM. aYd ptnayul bNlda h1mWEitrnrif, hNViwt hsbs, e~raioesl, admleAMralooanOSaa0na,andsal0 i~wreyeMdawR.eswraaaoisaid +~oM. kohl and sswtaNy. IMmb by tbsas peassots tiE11L8D and asad tlis 21'~ day d NOYBiREJl, 2002. YYF~7lBAti. tw aatd ptklCipal hr wall APPOINTED b ttr ottea d sHiRlpt~ iota dstin4s Isrm w0MWn0 D~6t 1.100! and:andipp D01C~AiI~t 1.2001 and N tagaY+ed b fiatish a boM fattfr faTO~N partormanea drir duON dtM sW otflos of pos0lon. DIOW, Tf~I~IERORE TF6 CONDITION OP 71114 OBUG1171Ot. b such tliat Mttr above bounden shs0 (aimspt as hwsbrlat piovktad) tsiOMuyr partam ttr awls. d his'Mrwdonrw a poaMion durYp xr said term, and shM pay OYatb tw paabns uultiatrad by k1v b nx»M tw a:ana M IIIOflayi tlrt mq o01M NMO hkArt !rods dudnp the ssid teem r~aR fraud orealry, and at tw apYrlon dab Men. a b oaaa oh Ilkllrt nalpnstion a nnwvai from oflka,strt rum ovarb hisRrtsuooswor allraoads sod popsny wlMOh wveoortrtdo tdaRrt hands.0rn thk obB4ation b w null add void; o0lwsMa b rwnsN N tut taoa sod NNct. PRC111DfcD, FIOWEVER, Vrt iw above nsnrd Ou1wl shM not w (labia hsnundat tot any ton d any P~ tun0 ~ ~1~> ~ ~ w ~ wNc or was rn wfdch aic tugs aro aspoat~ and, atnis piovtsion afro w trw I1ND rROVro®D r0.lRTtil4t, ihst tw smapr may oanoN fond at any Tor drin4 tw said tsm byp~rpbtw ob0paa • NsNlatl ralk» db dash ao b anal and e. i1N ssrptntleil d ihMy (7~ dgrs fiom tM nxaipt d such notion by tw obib.. tw sungr shs0 Da oonyAaWy diaasad .a b a0I ab>Aly tllstaalbt aoauMl0. Hfhk ptovlslon she w hail void, thk amba bond ahs0 w void. Altrrt ~ Pandslgnta p~ttndw4 Tla cawatir:/~ oP~-uttlur.+- aa~za•d ttsrze; at ~ sic t~ ailOH . xa eTass i70az zz noH ~D%® We~~t~ern Surety C~omp~any OFFICIAL BOND XNOw ALL PERSONS BY THESb PRESENTS: Bond No. That we, aoyaa S. Paarsoa of ~111aborouq~ ,North Caroline, as Primdpel, sad wEBTERN SURETY COMPANY, a corporatiaa dulq liasnsad to do bueiaeee in tba State of North Carolina, s. 9uretq, are Held aadtirmlyboundunto crwrQ~gf~nrth ~aroljpa` in the sum of Twenty-8iw Thousand and oo/loo DOLIAR,g (= 25. ooo.oo ), for the payment of which well and truly to be made, we bind ourselves and our legal r~reeentatives~joiatly axai wveraltyby Utese pre'oBYitr: ". ~_ --- -- _ Dated this let day of November _, coos , THE CONDITION OF THE ABOVE OBLIGATION 19 SUCH, That whereas, the said Principal has been ^ appointed ®eledadtotheofficeof Reoieter of Deeds for the term. beginning the 7th day of December ._. 2002 .and ending the _ 7th day of December 02 06 NOW THEREFORE, if the said Principal ehaB is ell things faithfully perform the duties of his office end shall unt for all moneys and effects that may coma into hie hands in his official capacity durins the obligation to be void, otherwise to remain in full force and effect d by the Surety upon the following express conditions, which shall be ooaditioru recovery hereunder: The shall not ba liable for the low of sRy Public moneys or funds resulting from the e~i,dfilftirl ~ eymsnt bq any Sanks or Depodtories in which aqy public moneys or funds have beer may be cancelled bq tbs Surety u to future liability by giving written notice. esrtified mail, addressed to each, the Princpal sad the Obligee at State of North Caroline and thirty (Sll) days aRer tlu mailing of said notices bq certified mail, this bond shell be ceacellad sad null end void as to any liability theroattar arising, the Surety remaining liable. however, subjacE to ell the terms condition of this bond for amq and all acts covered by this bond up bo the date of such csncellation. w' m Principal r,~x-~.~`~,t"'J ~ Witnewto8 ',,~ ,~ wEBTERN SURETY COMPANY By -~~~~°~~?w-~ nt Countersigned _ North Carolina ResideatAgent Apyraved this /3~it day of ~1 , _~. Foam tsss+a~.as F.i~IE 1NSUE~ANCE COMPANY Public OfNcial Bond ~ttofa ~lU ~sn 6~ 41Gf~ese ~rrssssts, 9ona "°. Q~!.?~49?4 ~ That we. .. Kenr»Cd,1yr}ct>• c~.v,~so!?. ..........................:.............................. ~ ~ ... a Prindpai. a .... .. . and ine tAlt? INtitkIANCE COMPANY. a corporation duty Incorporated undo the laws a the 9ua of PennsyManta. haNnp Na pdrtaipN ofNCa h d» City a Erie M tM'aafd Setae. end Ikenaed b do bwineN in tM State of ... lvenia ...... with offiaa ru .100 ?ria Is>wawnca Place. Fr1e, Pa ......... Y633tt" a Suety, an hNd end tirndy bound umo ....~!AR!.~9Y. Eoaed 0! car~tsaiaoara .................... In tM sum a .... 111o,1~d[~d.lift:I..... ........:........................................ olUcs. lavrful money a the unlteo 8tatas a Amarka, for the paymaed a which. welt and truly b ba mwe, Mrs bind ourwNas. au halo, eauwoaa, adrtttnttorabrs, swx:uaaora and aaelprta, lolnhy and awrwaly, firmly by desaa praasrtts. !GLlD wIT}! 0!111 SW,S and aa.e thle ....... ~~! .............. day a . s!Ft!.°.b!rti 92... Mmnear. ttta war. botartdan ... ~.°.'!e1'. T?'r°°".'. cbavsow ....................................... wa on ttr-....... ......... day a ..... ~F.?~ ........... 10 92 .. duh appWntwdonlatladc D~~ ~ litt~cy . a tl+a .~ ~~ ~~ of Ccaeteiaalonara ............................................ ................................ foratamtbapinnlnpondta .~.altD!~~r.1992,,,,,,,,,, ............................. Noar.'iMtebn tM oondkbn a this obNOatbn b aud+: that ff tM above bourrdan .... ~'~~.~ ~ ........................................ shall wNl and faffhhtpy dil0lwpatleatMAlN a hla otnoeane promptlyattooetrtt hxand payanxax moneys or propany neeiwd by ttMn w sash otnoar, bt acgordartca vrith Isw, or M dafauft thNaoR tM paRIM axa- wtinp this undareaMMtp ww pay r drrrpsa, oosb and Pxpanaaa nwalSrg hom ouch dafauM. riot ezase~ inp tM sum abosa: taaertlorwd. tlNn 1hM obNpaebn b ba void; opaarwlae b ramaln M fWl force and aMect. Thls unWrtakMq may not brr ahanpad or modMMd oralq. Plo dwga a• ntodlllcatlorr shad ba ntfecttve unips made by wrNMn andoraamuM lastlad b form • part Mreof. M tNlMrasa YYlneeel. aMd PAndpM has hafeuMO eat hls hand rand seal and tM Etel! INStJRANCt? COMPANY has aMzad Its CorporafeanM. ataawd by tM s-pnuun a IO duy+wtl~orlsadAttanay-ImRact, the day and year flat abaM wtflbn. ttxlt C11aYtoua PrindpN/~7t"frrL :................... Cam.. .:. ~n-riar~~/........, afrl nn ERIE INSIURiANCE CCtMPANY Public Othciri Bond G""~"' C"` ~tttt ~ 4Bl~ssie ~restmtfy Bond Na R8~~445?944.. ThatVW...dv.Aau.Stuun.ttaharaoa ............................................................. of ..~9~a6a>;4vah...U.. R....... ...... u PrlrrGptl irW tM EWE INSURANCE COMPANY, a oorporMlon duly Itroorporal•d under tlra Mwa of tha Stata'of PdrtMylanM. hwMO Na pelriolpal ofNor M tM City of P.rl• in IM aald State. and lio•ntad to do a,dn•tt M tINStNa01J$RFt14.4t-TAIiM.......wilhofflwaat .1AO.F.a1a.7~oarcwtea8laerrr•Srlyr•P~.rti.. p tlrM•ly, ate ha10 and /knNy borrrrd unto Qountac .of. Asanaa.. ttortb .Qarollaa• • ........: ~ .. , . , . M Utt sum 0f ..~113FfJt.Tluiw•M.6.04620Q. .... .. Ooilars. tswhd tsar•y of tM tlrttltd Stan. d AnMrka, for tM payment of which, w•s and truly to t» m.da, wa bind ouraNtsa, otr hsba, •trouton. a~nbnralorn woanors and agipm, Jointly end tawraty. (irmiy ay tlrrar p-«.nta. tttlltt#D rMtiM Ollll ttGLi and dated th-a ..YourtL .................. day of Jaax.vy • 2000..... . wMtMiR tM atww borardarr ,IV.tYt4.Brun.ttcrbaraon ..................................... ... . . wason drs ... 84fF.uf.......... d~syol..JAAra7C1G ................:2000... duy aDPOM>tad or•tsetM ..... T~z Coiirceor ....................... Ot tM .. C.vuatx.oi. Asanaa..... ............... Fourth of January. 2000 ftrf \ trtm tMQNMINI~ On t1M ............ .:......................................................... grew, TMfatatr tM oondworr of ttwr ewtpation M trtalr lfratMtiraabowbourrdth +I4.AAR.$~nw.BvhartPn ............................................... ahaN trMf and AdgrMrgy dttolrarpr 11ra drAita of hb of 1ta N W promalry toeouM tOr Y W pay owrali momyr Or progrtty raoNwd by ttMr at auth offtoar, M tooordarkr wMh taw. of in dalautt IMraot, qr• partial •x•- outlrip thN urtdatpRkrp wM1 pay.a damapa•, oaaw era axparrwr nautdrrp~rom auah dafarrk.not •,cc.aow kl0 tlN! WR ab0V11tIN11f01Md, 1tIM Mla Ob119atb11 t0 ba v011k OlM1wIM 10IMgM to tYN fOfC• and ~thOt. This ttndargkkq mry not W ahanpsd or modMad only. No eharrps or nrodMlaatlorr atraN btt Nt•cdw urrNas loads by wrNltrr andpaamaM iw+rtd to form a part h•raW. M ttfMaata ttfhMaoR aMd PtNroIpM hat frrarNO set hb hand and anal and ttr• ERIE INSURANCE COMPANY hq aMztd lb trorporop anal, atta•tad by Mra tlpnatunof Its duty tutlrMiz•d AttorMY•in•Fact. dN dry and year first atrow wrltt.rr. PrinGptl ~r~N/rlrr0i~(dlFf~~iY.irOf?N.J...,:.. t7{E tlStStMKE Ot)MPrNY ' Oy'. ~. ~ ............. cc se~„~ e~'I~~°~ ~ M r '~ ~ ~~~~~ .I y~n~ee~t NORTH CAROLINA COUNTIES LIABILITY AND PROPERTY INSURANCE POOL FUND SECTION N CRIME CONTRACT DECLARATIONS Partlapartt Orange County Certllicate Number. LP-0R-087-03 Contract Period: From 07/0112003 to 07/0112004 EffeeNve Tlma: 12:01 a.m„ Eastern Standard Time SCHEDULE OF COVERAGES AND LIMITS COVERAGE ~ ~ LIMIT per oxurrenca DEDUCTIBLE per occurtence 1. Empbyee Theft -Per Loss Covsrege ~ S 250,000 S 500 2. Forgery or Alteration S 250,000 $ 5oD 3. Inside the Premises-Theft of Money and Securitks $ 250,000 S 500 4. (nsida the Premises - Robbery or Sete Burglary S 25D,000 $ 600 5.Outside the Premises S 260,000 S 500 B. Cort4wter Fraud 3 250,OD0 $ 50D 7. Money Orders and Counterfeit Paper Cunency S 250,000 S 500 NCACC RAAP CRIME SECTION EDITION 7/1/2003 Pegs t r,~c,; ~,~~~:c, n;