§ 305-23. Contract for Official Bonds.  


Latest version.
  • The city manager shall be authorized to enter into a contract or contracts with any lawfully authorized surety company or companies to provide official bonds for officers and employees required by law or ordinance to furnish such bonds. For the purpose of such contract or contracts the city manager may divide the officers and employees into advantageous groupings. The city manager shall prepare rules to govern the letting of contracts and the method of determining the lowest bid. Any such contract shall be entered into only with the lowest and best bidder or bidders after advertisement according to law. The term of any contracts shall be for a period of not to exceed three years. In the event that, in the opinion of the city manager, two or more bid proposals shall be equally entitled to be considered the lowest and best bid, the city manager shall be authorized to award the contracts by lot to any one of such lowest and best bidders, or to divide the contract by lot or otherwise in such manner as the city manager considers advisable among such of them as shall consent to the arrangement.

    (C.M.C. 305-23; ordained by Ord. No. 30-1972, eff. Feb. 2, 1972; a. Ord. No. 337-1979, eff. Aug. 1, 1979)

    Analogous to C.O. 304-6; renumbered to C.M.C. 304-7, eff. Jan. 1, 1972; r. Ord. No. 30-1972, eff. Feb. 2, 1972.