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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2001-024 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, APPROPRIATING $10,000 FROM THE GENERAL FUND <br />FUND BALANCE DESIGNATED FOR INSURANCE RESERVES TO THE <br />STREET DEPARTMENT TO FUND THE INSURANCE DEDUCTIBLE <br />ON A CLAIM <br /> <br />WHEREAS, on March 12, 1999 there was a vehicle accident involving a City of <br />Seward dump truck and a privately owned vehicle; and <br /> <br />WHEREAS, the claim was tendered to the Alaska Municipal League Joint Insurance <br />Association (AML/JIA) Claims Department; and <br /> <br />WHEREAS, the AML/JIA has investigated the accident and has settled the claim with <br />the claimant under the City's auto liability coverage; and <br /> <br />WHEREAS, the City of Seward's auto liability coverage has a $10,000 deductible; and <br /> <br />WHEREAS, the City established an insurance reserve as part of the General Fund <br />fund balance to be used to pay large insurance deductibles such as this claim; and <br /> <br />WHEREAS, Council approval is required to appropriate the funds for this expenditure. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SEWARD, ALASKA, that: <br /> <br />Section 1. Funds in the amount of$10,000 be appropriated from the General Fund fund <br />balance designated for insurance reserves, account no. 101-0000-3040 to the Street Department, <br />Miscellaneous Expense, account no. 1 0 1-131 0-5790 to fund the insurance deductible on a claim. <br /> <br />Section 2. This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this <br />12th day of February, 2001. <br />