Broken Arrow City Council
Meeting of: 09-03-2024
Title:
title
Acceptance of a settlement claim for Unit No. 1950 from State Farm in the amount of $30,646.99 and declaring the Unit No. 1950 surplus and releasing the unit to State Farm
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Background:
On April 8th, 2024, a Broken Arrow Police Department vehicle, unit number 1950, was involved in a collision. This vehicle was originally purchased on December 6th, 2019, and was in good condition with 40,577 miles at the time of the accident. The replacement of this vehicle has not yet been determined.
State Farm has declared unit 1950 a total loss and offered a settlement of $27,656.99. Asset Management has reviewed this offer and determined that it exceeds or meets the retail value of the vehicle, based on a report from Been Verified.
Furthermore, Asset Management has successfully negotiated an additional $2,990.00 from State Farm to cover the removal and reinstallation of the emergency equipment.
It is recommended that the settlement offer be accepted, with the funds allocated to the Sales Tax Capital Improvement Fund.
Cost: $30,646.99
Funding Source: N/A
Requested By: Ryan Baze, Director of Maintenance Services
Approved By: City Manager’s Office
Attachments: 2019 Dodge Charger Vehicle Report
Recommendation:
recommend
Accept a settlement claim for Unit No. 1950 from State Farm in the amount of $30,646.99 and declare Unit No. 1950 surplus and release the unit to State Farm
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