Broken Arrow City Council
Meeting of: 04-16-2024
Title:
title
Approval of and authorization to execute acceptance of Progressive Casualty Insurance Company offer to settle claim for vehicle loss, declaring the vehicle surplus and releasing unit 2033 to Progressive Casualty Insurance Company
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Background:
A Broken Arrow Police Department vehicle was involved in a collision on February 22, 2023. The vehicle, unit number 2033, was purchased on March 12, 2020, for $31,226.00. The unit was in good condition with 28,361 miles accumulated at the time of the accident. Replacement of this vehicle is undetermined at this time.
Progressive Casualty Insurance Company has determined the vehicle is totaled and made an offer to settle the vehicle loss for a total of $42,546.40.
The Fleet Maintenance Division has determined the settlement offer by Progressive is 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: $0
Funding Source: N/A
Requested By: Ryan Baze, Director of Maintenance Services
Approved By: City Manager’s Office
Attachments: J.D. Power Value, Chris Nikel Collision Estimate
Recommendation:
recommend
Approval of and authorization to execute acceptance of Progressive Casualty Insurance Company offer to settle claim for vehicle loss, declaring the vehicle surplus and releasing unit 2033 to Progressive Casualty Insurance Company.
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