Broken Arrow City Council
Meeting of: 1-5-2016
To: Mayor and City Council
From: General Services Department
Title:
title
Approval of and authorization to accept State Farm Insurance Company’s offer to settle a claim for vehicle loss, declaring the vehicle surplus and releasing it to State Farm Insurance
End
Background:
A Police vehicle was involved in a collision on September 29, 2015. The vehicle, unit number 0438, was purchased in January 22, 2004 for $19,965.00. The unit had accumulated 124,856 miles at the time of the accident and is scheduled to be replaced at this time.
State Farm Insurance Company has determined the vehicle is totaled and made an offer to settle the vehicle loss for a total of $6,578.54. This total includes $3,971.04 for the vehicle itself and an additional $2,607.50 for parts and labor cost to transfer the police equipment to a new vehicle.
The Fleet Maintenance Division has determined the average retail value of the vehicle based on Blue Book values for this area to be $3,875.00. Both the Risk Management and Fleet Division concur this is appropriate compensation for the vehicle. Funds from this settlement will go into the Sales Tax Capital Improvement Fund.
Cost: None
Prepared By: Lee Zirk, General Services Director
Reviewed By: Risk Management
Police Department
Finance Department
Legal Department
Assistant City Manager
Approved By: Michael L. Spurgeon, City Manager
Attachments: None
Recommendation:
Approve the acceptance of State Farm Insurance Company’s offer to settle the claim for vehicle loss, declare the totaled vehicle surplus and release it to State Farm Insurance Company.