2022 - 37 - RESOLUTION - Resolution to Approve the Bonding of County Officials

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Feb 06, 2023 AT 03:04:02 pm BOOK 00003 START PAGE 0894 END PAGE 0895 INSTRUMENT # 00648 EXCISE TAX (None) NORTH CAROLINA LEE COUNTY RESOLUTION TO APPROVE THE BONDING OF COUNTY OFFICIALS WHEREAS, North Carolina General Statutes §105-349(c) requires a Tax Collector to provide a performance bond in such amount as the governing body may prescribe;and WHEREAS, North Carolina General Statutes §159-29(a) requires the Finance Officer to provide a performance bond with sufficient sureties in an amount to be fixed by the Governing Board. The amount of the bond fixed by the governing board may not be less than the greater of the following: (1) Fifty thousand dollars ($50,000) or(2)An amount equal to ten percent (10%) of the unit's annually budgeted funds, up to one million dollars($1,000,000); and WHEREAS, North Carolina General Statutes §159-29(b) requires each officer, employee or agent of a local government who handles or has in his custody more than one hundred dollars ($100) of the unit's funds at any one time to provide a performance bond in an amount to be determined by the Governing Board; and WHEREAS,North Carolina General Statutes§159-29(c)authorized a local government to adopt a system of blanket faithful performance bonding as an alternative to individual bonds;and WHEREAS, this Board is of the opinion that it is more efficient and economical and in the best interest of the County to have a system of blanket bonding rather than individual bonds to include in the blanket bond coverage for risks not protected against by the individual bond for Elected Officials, Finance Officers and Tax Collectors;and WHEREAS, North Carolina General Statutes §161-4 requires every Register of Deeds to provide a performance bond with sufficient surety to be approved by the Board of County Commissioners, in the sum of not less than$10,000 nor more than$50,000; and WHEREAS,North Carolina General Statutes §162-8 requires the Sheriff to provide a performance bond in an amount determined by the Board of County Commissioners but that shall not exceed$25,000; and WHEREAS,North Carolina General Statutes§58-72-55 requires the Clerk to the Board of Commissioners to record in the proceedings the names of those Commissioners who are present at the time of approval of the official bonds and who voted for such approval; and WHEREAS, North Carolina General Statutes §58-72-55 further provides that any Commissioner may cause their written dissent to an official bond to be entered into the records of the Board; NOW, THEREFORE,the Board of Commissioners of Lee County hereby resolves as follows: 1. That is Board hereby accepts and approves bonds for public officials as follows: a. Michael Brown, Tax Collector, $100,000 with Ohio Casualty Insurance; and b. Candace Iceman,Finance Officer, $1,000,000 with Ohio Casualty Insurance;and c. Pam Britt, Register of Deeds, $50,000 with Ohio Casualty Insurance; and d. Brian Estes, Sheriff,$25,000 with Ohio Casualty Insurance; and