Broken Arrow City Council
Meeting of: 11-21-2017
To: Mayor and City Council
From: General Services Department
Title:
title
Approval of and authorization to accept Allstate Insurance Company’s offer to settle a claim for a 2007 Chevrolet Malibu vehicle loss, declaring the vehicle surplus and releasing it to Allstate Insurance Company
End
Background:
A Police Department vehicle was involved in a collision on October 9, 2017. The vehicle, unit number 0753, was purchased on March 2, 2007 for $14,270.00. The unit was in good condition with 88,415 miles accumulated at the time of the accident. Replacement of this vehicle is undetermined at this time.
Allstate Insurance Company has determined the vehicle is totaled and made an offer to settle the vehicle loss for a total of $5,533.43.
The Fleet Maintenance Division has determined the settlement offer by Allstate is slightly above the retail value of the vehicle based on the National Automotive Dealers Association (NADA) Price Report (also known as Blue Book) and 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: Human Resources Department
Police Department
Finance Department
Legal Department
Assistant City Manager - Administration
Approved By: Michael L. Spurgeon, City Manager
Attachments: NADA Price Report for 2007 Chevrolet Malibu
Recommendation:
Approve and accept the offer from Allstate Insurance Company to settle the claim for vehicle loss (2007 Chevrolet Malibu), declare the totaled vehicle surplus and release it to Allstate Insurance Company.