Arapahoe County’s commissioners have significantly boosted insurance coverage on a newly elected treasurer whose personal financial woes include a home foreclosure.
Doug Milliken, Centennial’s treasurer, narrowly defeated Aurora City Councilwoman Sue Sandstrom last month and is scheduled to take the county treasurer’s position Jan. 2, the day before his house is to be auctioned. In 1993, he filed for bankruptcy over an $81,076 debt mostly attributed to credit cards.
The commissioners decided Tuesday to increase his bond from $10,000 to $500,000, emphasizing the higher amount was comparable to bonds at treasurers’ offices in other metro-area counties. They said the decision had nothing to do with Milliken’s financial history. The commissioners also doubled the bond for the sheriff.
GOP County Commissioner Bernie Zimmer said it is important for the county to protect itself from mistakes that might cost it more money.
Milliken’s spokesman, Michael Devers, characterized the bankruptcy and foreclosure as “much ado about nothing,” adding that Milliken’s personal problems had nothing to do with his ability to do his job. Milliken has been treasurer of Centennial since 2001.
Milliken can find a company to secure the bond or work with the county’s risk management office to locate a company, Arapahoe County spokesman Andrea Rasizer said.
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