Title
Resolution Appropriating $50,000.00 in Insurance Money Paid by Progressive Corporation for Repairs to the Magruder Bridge from Account 20-57000 to the Fiscal Year 2019 Capital Budget of Public Works Engineering
Purpose
PURPOSE/BACKGROUND:
Due to a vehicle accident in a previous fiscal year, repairs had to be done to the Magruder Bridge. The Department of Public Works - Engineering completed the repairs to the Magruder Bridge in fiscal year 2018 using existing funds in the Arterial Road Resurfacing capital project (20-420-C10-08150). In March of 2019, Public Works - Engineering received a reimbursement check, in the amount of $50,000.00, from the driver's insurance company to pay for the repairs.
It is the request of the department to have these funds appropriated and the Arterial Road Resurfacing capital project account reimbursed.
Impact:
Appropriation of a $50,000.00 insurance reimbursement from the Progressive Corporation.
Recommendation:
Rec
Approve.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HAMPTON, VIRGINIA that $50,000.00 in insurance money paid by Progressive Corporation for repairs to the Magruder Bridge as a result of a vehicle accident be appropriated from account 20-57000 to the fiscal year 2019 capital budget account "Arterial Roads Resurfacing."