Consider and take appropriate action on an automobile total loss claim recommendation for the date of loss of March 27, 2023. (Commissioners Travillion & Gómez)

Staff Report & Agenda Item Details

Enterprise Risk Management (ERM) requests approval of a transfer from the CAR Reserve for total loss claim reimbursement. <br id="isPasted"><br>The county’s third-party administrator has inspected the total loss vehicles and determined their actual cash value (ACV). The Risk Management fund pays the ACV and pursuant to amended Chapter 134, §134.001, subsection (h), the Capital Acquisition Reserve fund (CAR) pays the difference of the ACV and the cost of a replacement vehicle. The Risk Management Fund will pay for all equipment associated with the replacement of the vehicle. <br><br>TNR has secured a quote for the totaled unit, 4655, and is now requesting the funding to complete the procurement process.