Fiscal Note
This resolution allows for the reimbursement of insurance proceeds for the damaged irrigation controllers due to the June 2008 flooding, in the amount of $8,809.50. The remaining $500 deductible will be absorbed as an expense within the Parks 2008 Operating Budget. No additional appropriation is required.
Title
To amend the 2008 Parks Division Capital Budget to accept reimbursement from the insurance fund for the replacement of irrigation controllers damaged by the high waters this past summer.
Body
WHEREAS, in June 2008 record rains were received in the City of Madison that submerged equipment at Yahara Golf Course; and
WHEREAS, the City of Madison's Risk Manager has filed an insurance claim and received monies for the replacement of the three irrigation controllers that were damaged, and
WHEREAS, the City Risk Manager will file a claim for the invoice of the replacement irrigation controllers.
NOW, THEREFORE, BE IT RESOLVED THAT, the Parks Division of 2008 Capital Budget be amended by the amount of the invoice for the replacement irrigation controllers in the sum of $8,809.50 and allow the Parks Division to purchase replacement irrigation controllers, and
BE IT FURTHER RESOLVED, that the Parks Division purchase the replacement irrigation controllers, and
BE IT STILL FURTHER RESOLVED, that the account EG01-55260-654200 be increased by the proposed invoice amount less any deductible for the irrigation controller replacements, and
BE IT FINALLY RESOLVED, that the funds be transferred from the insurance fund to Parks Division Capital account EG01-55260-654200.