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HomeMy WebLinkAboutResolution 1990-033 RESOLUTION NO. 90-33 WHEREAS, on or about the 5th day of December, 1988 a utility employee of the City was responding to a call to a Watauga address and was involved in an automobile collision on the Denton Highway with one Vada Rostad who was driving an automobile belonging to a Hazel Downs; and WHEREAS, Vada Rostad sustained severe personal injuries and the automobile of Hazel Downs was damaged in the amount of $2,601.00 as a result of said collision; and WHEREAS, the City has settled all claims in connection with such automobile collision and has incurred the following costs in connection with the claim arising from said collision: a. $ 2,601.00 - Property Damage to Hazel Downs. b. $99,950.00 - Personal Injuries to Vada Rostad c. $ 1,856.25 - Claims Administration Costs to GAB. d. $ 450.00 - City Court Costs (Est.). e. $ 5,350.00 - Attorney Fees; and WHEREAS, the City Council finds that the above costs are direct expenses attributable to the Watauga portion of the City water and sewer system. IT IS, THEREFORE, RESOLVED by the City Council of the City of North Richland Hills, Texas that: 1. The above expenditures in settlement of the claims involved in said collision are hereby approved. 2. The sum of $55,103.62 is hereby ordered transferred from Account No. 02-00-00-0186 (Equity-1986 Revenue Bonds) to Account No. 08-00-00-0100 (Equity, Risk Management Fund) and the sum of $55,103.63 in ordered transferred from Account No. 02-09-00-0100 (Equity Revenue Bonds prior to 1985) to Account No. 08-00-00-0100 (Equity, Risk Management Fund), to pay the above claims and costs. The City Council finds that a sufficient surplus exists in said Utility Funds from interest earned on prior bond sales, to make the above transfers. RESOLUTION NO. 90-33 Page Two 3. The Director of Finance is directed to make such transfers and record such transfers as a direct expense of the Watauga portion of the water and sewer system of the City. 4. The total sum of $110,207.25 is authorized to be paid from Account No. 08-00-00-0100 (Equity, Risk Management Fund) when the transfers from the Utility Funds have been made. 5. The Attorney for the City is directed to procure releases from Vada Rostad and to cause the case styled Vada Rostad versus City of North Richland Hills (No. 48-126674-90) in the District Court of Tarrant County to be dismissed with prejudice. PASSED AND APPROVED this 9th day of July, 1990. Mayor ATTEST: C} (l;{fJiV ~ ty Secreta ry APPROV S TO FORM AND LEGALITY: