Title
Request permission for the Street Department to go to bid on a replacement vehicle
Summary
Vehicle 0763 was involved in an accident on May 27 2015. The vehicle was found a total loss and Alabama Municipal Insurance paid $20,238.00. The Street Department needs to replace this vehicle but asks for $4000 in additional funding, go to bid, and purchase a new truck.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
___ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
__x__ Not budgeted requiring increase to account #__01-607-7010_ in the amount of $ 24,238 and increase to revenue acct 01-5142 of $20,238.
Capital - Departmental
____ Budgeted under account #01-607-7010 for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $4000.00______ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, the Street Department is in need to replace a wrecked vehicle, and
WHEREAS, an insurance settlement of $20,238.00 was received this fiscal year and recorded under Revenue Account No. 01-5142, and
WHEREAS, the Street Department needs to go out for bid on a replacement.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Acknowledges an insurance settlement for a total-loss wrecked vehicle in the amount of $20,238.00 and increases the budget for Revenue Account No. 01-5142.
SECTION 2: Approves the insurance settlement amount plus $4,000 ($24,238 total) in additional funding to Account 01-607-7010 for a replacement truck.
SECTION 3: Approves the bidding and purchase of a new vehicle for the Street Department.
SECTION 4: This Resolution shall become effective immediately upon its adoption as required by law.