Broken Arrow City Council
Meeting of: 10-16-2018
Title:
title
Approval of and authorization to accept Farmers Insurance Company’s offer to settle a claim for vehicle loss, declaring the vehicle surplus and releasing it to Farmers Insurance Company
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Background:
A Police Department vehicle was involved in a collision on September 1, 2018. The vehicle, unit number 1146, was purchased on February 7, 2011 for $22,885.72. The unit was in good condition with 82,873 miles accumulated at the time of the accident. Replacement of this vehicle is undetermined at this time.
Farmers Insurance Company has determined the vehicle is totaled and made an offer to settle the vehicle loss for a total of $7,500 plus an additional $2,990 for removal and reinstallation of associated police equipment.
The Fleet Maintenance Division has determined the settlement offer by Farmers is appropriate compensation for the vehicle. Funds from this settlement will go into the Sales Tax Capital Improvement Fund.
Cost: None
Funding Source: Source
Requested By: Lee Zirk, General Services Director
Approved By: Michael L. Spurgeon, City Manager
Attachments: None
Recommendation:
recommend
Approve and accept the offer from Farmers Insurance Company to settle the claim for vehicle loss, declare the totaled vehicle surplus and release it to Allstate Insurance Company.
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