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FINANCIAL\20241,Insurance Payment-Accept for Recreation Truck in Accident and Dispose to Insurance Carrier—5-20-2024
RESOLUTION AUTHORIZING ACCEPTANCE OF INSURANCE
SETTLEMENT FOR PARKS AND RECREATION DEPARTMENT TRUCK
RESOLUTION NO.: ,2024
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, the Town of Queensbury's Parks and Recreation Director has advised that one of
the Department's trucks identified as Town Asset No.: 9780 was recently involved in a motor vehicle
accident and the truck is a total loss, and
WHEREAS, the Town Board wishes to accept the insurance recovery payments for the truck
in the amount of$47,819 and up to $2,950 for reimbursement of costs related to truck storage and
towing fees,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby accepts the insurance settlement
payment of $47,819 for Town Parks and Recreation Department Truck Asset No.: 9780 and up to
$2,950 for reimbursement of costs related to truck storage and towing fees as described in the
preambles of this Resolution and authorizes and directs the Town Supervisor, Deputy Supervisor,
and/or Town Budget Officer to execute any and all documents necessary to transfer title of the truck to
the insurance carrier and receive insurance payments on behalf of the Town, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes the increase of estimated revenues
and appropriations as follows:
• Insurance Recovery Account No.: 195-0000-52680 - $50,769;
• Vehicles Account No.: 195-1640-2020 - $50,769;
to reflect the insurance settlement received by the Town, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget
Officer to amend the Town Budget, make any necessary adjustments and/or prepare any
documentation and the Town Supervisor, Deputy Town Supervisor, and/or Parks and Recreation
Director to take any actions necessary to effectuate the terms of this Resolution.
Duly adopted this 20t'day of May, 2024 by the following vote:
AYES
NOES
ABSENT: