Title
A Resolution approving, pursuant to KRS 62.055 and Section 22-55.1 of the Code of Ordinances, the bond with surety of Donald W. Blevins, Jr., County Clerk ($400,000), and directing the Director of Risk Management to record the bond with surety, along with a certified copy of this resolution, in the Office of the Fayette County Clerk. [Div. of Risk Management, Johnston]
Summary
Authorization, pursuant to KRS 62.055 and Section 22-55.1 of the LFUCG Code of Ordinances, to purchase the Constitutional Officers' Performance Bond with Surety for Donald Blevins, Clerk of Fayette County, in the amount of $400,000. (L0045-15)(Johnston)
This is a request to purchase the Constitutional Officers' Performance Bond with Surety for Donald Blevins, Clerk of Fayette County, in the amount of $400,000. Premium cost for the four-year period is $2,869.74. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number: 1101-112001-0001-73101
This Fiscal Year Impact: $2,869.74
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: BA to follow
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That pursuant to KRS 62.055 and Section 22-55.1 of the Code of Ordinances, the bond with surety of Donald W. Blevins, Jr., County Clerk ($400,000.00), copy of which is attached hereto and incorporated herein by reference, be and hereby is accepted and approved.
Section 2 - That the Director of Risk Management be and hereby is directed to record the bond with surety, along with a certified copy of this Resolution, in the office of the Fayette County clerk.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
MAYOR
ATTEST:
______________________________
CLERK OF URBAN COUNTY COUNCIL