Ordinance No. 2025-11 Amending Chapter 42 of the Code of Ordinances Relating to the City Treasurer Bonding Requirements

The Ordinance creates Section 42.11(6) of the Code to waive the requirement for an external surety bond for the City Treasurer under Wis. Stat. § 70.67 and instead obligates the City to pay any tax liability required by law in the event of default, thereby avoiding recurring bond costs while maintaining existing financial controls and stability.