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File #: 44253    Version: 1 Name: Amending the adopted 2016 capital budget of Fleet Service to accept insurance proceeds revenue in the amount of $45,018 to pay for necessary repairs on fleet asset #4594 with vendor Stepp Equipment Company.
Type: Resolution Status: Passed
File created: 8/29/2016 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 9/20/2016 Final action: 9/20/2016
Enactment date: 9/22/2016 Enactment #: RES-16-00706
Title: Amending the adopted 2016 capital budget of Fleet Service to accept insurance proceeds revenue in the amount of $45,018 to pay for necessary repairs on fleet asset #4594 with vendor Stepp Equipment Company.
Sponsors: Paul R. Soglin

Fiscal Note

The proposed resolution amends the adopted 2016 capital budget for Fleet Service to accept the insurance proceed revenue in the amount of $45,018.  The increase in revenue will partially offset the total $66,148 replacement cost of the asset, leaving $21,130 to be paid from Fleet's Equipment Replacement program's (MUNIS 17060) existing 2016 budget authority.

 

MUNIS:

17060-41-999 - $45,018

 

Title

Amending the adopted 2016 capital budget of Fleet Service to accept insurance proceeds revenue in the amount of $45,018 to pay for necessary repairs on fleet asset #4594 with vendor Stepp Equipment Company.

Body

WHEREAS, Fleet Service asset #4594 was damaged to a total cost of replacement of $66,148; and

 

WHEREAS, The cost of the damage is partially offset by insurance proceeds of $45,018; and

 

WHEREAS, In order to purchase parts compatible with current equipment, Fleet Service needs to purchase parts from sole source vendor Stepp Equipment Company; and

 

WHEREAS, Authorization for repairs through a sole source vendor is required under MGO 4.26 (4)(a)(2);

 

NOW, THEREFORE BE IT RESOLVED that the Fleet Service's adopted 2016 capital budget is amended to accept insurance proceeds revenue in the amount of $45,018 to offset the expenditure for repairs to asset #4594 with Stepp Equipment Company; and

 

BE IT FINALLY RESOLVED the remaining replacement cost of $21,130 will be paid from the existing 2016 Fleet Services capital program budget for Fleet Equipment Replacement (MUNIS 17060).