TITLE
Recommendation to authorize City Manager to sign Property Damage Release from Viking Insurance Company (Viking) and accept prorated share of damage claim. (Citywide)
DISCUSSION
On February 21,2007, a traffic signal controller cabinet was struck and damaged by an insured of Viking. The cabinet was repaired per work order and a claim submitted by the Department of Public Works in the amount of $2,602.70. Viking subsequently offered to the City a prorated settlement amount of $2,081.30, or $521.40 less than the amount claimed.
This matter was reviewed by Deputy City Attorney Lori A. Conway on December 17, 2007, and Budget Management Officer Victoria Bell on December 18, 2007.
TIMING CONSIDERATIONS
City Council action is requested on January 15, 2008, to allow this matter to be settled.
FISCAL IMPACT
The City will receive $521.40 less than the cost incurred to repair the damage and it would not be cost effective to attempt to recover the remainder. The property damage check of $2,081.30 will be deposited in the General Fund (GP100) in the Department of Public Works (PW).
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
Michael P. Conway
Director of Public Works
NAME |
APPROVED: |
TITLE |
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PATRICK H. WEST |
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CITY MANAGER |