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MEMORANDU ~i <br /> <br />TO: MICHAEL MALONE <br />FROM: STEVE ME'FHVEN <br />SUBJECT: ELECTRICIANS BOND <br />DATE:- DECEMBER.6~2002 <br /> <br />MIKE WE DID A SURVEY OF THE FOLLOWING Cid IES AND THIS WAS THE <br />RESI ILT OE THAT STUDY~THE CITY OF MOLI~T P 2F_.,ASANT REQUIRES <br />EITHER A $2,000.00 PERFORMANCE BOND OR A C~ )PY OF THEIR GENERAL <br />LIABILITY POLICY. THE CI-~Y OF SULPHUR SP-RIN C~S HAS THE SAME <br />REQUIREMENT AS MOUNT PLEASANT. THE CITY OF SHERMAN REQUIRES <br />EITHEI~ A $2000.00 PERFORMANCE BOND- OR A Cs~ NERAL LIABILI22Y POLICY <br />IN THE AMOUNT OF $300,000.00. <br /> <br />MY RECOMMENDATIOi~ WOl II.B BKFOR THECIT g OF PARIS TO REQUIRE <br />EITHER A $2,000.00 PERFORMANCE BOND OR A G] ~NERAL LIABILITY <br />POLICY IN THE AMOUNT OF NOI .ESS_T}:L4~ San0 ~00.00. <br /> <br />THIS WOULD ALLOW THE ELECTRICIANS THAT fORK FOR THE VARIOUS <br />PLANTS-A_ROUND THE CITY ANDWHO BONOT ~ ~K FOR THE GENERAL <br />PUBLIC TO JUST PURCHASE THE PERFORMANCE ~OND, WHICH IS MUCH <br />LESS EXPENSIVE THAN-T~ L[ABtLI'I:Y I~SIdRAN. 2E. <br /> <br />SM <br /> <br /> <br />