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Resolution approving a Level Three fund transfer to replace four Police Department squads in the amount of $191,382
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WHEREAS, four Police Department squads were declared total losses due to incidents occurring in December and subsequent events, including theft, collisions, and infrastructure-related damage; and
WHEREAS, the City maintains insurance coverage for such losses, resulting in anticipated insurance proceeds to partially offset replacement costs; and
WHEREAS, the affected vehicles include squads that were insured at replacement value as well as others insured at actual cash value, resulting in a funding gap after insurance reimbursements; and
WHEREAS, the Fleet Superintendent has secured 2025 pricing for replacement vehicles, allowing the City to proceed with timely and cost-effective procurement; and
WHEREAS, replacing the vehicles now is necessary to maintain public safety operations and is more cost effective than deferring replacement to a future budget cycle;
NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of Wauwatosa that a Level Three fund transfer is approved to increase expenditure authority in the Fleet Equipment Reserve for the purchase of four replacement police squads in the amount of $191,382, plus any additional amount required for add-on equipment; and to increase insurance proceeds by $123,508 and the general fund transfer to the Fleet Equipment Reserve by the balance of $67,874 funded by contingency plus any amount for add-on equipment not covered by insurance proceeds.
By: Common Council
recommendation
Recommendation: Approve 7-0