City of Racine - File #: 11-7010

• File #: 11-7010
• Version: A
• Name: (Direct Referral) Communication from the Transit and Parking System Manager proposing to eliminate or reduce physical damage coverage on 1997 vehicles. (Res. 11-2857)
• Type: Communication
• Status: Passed
• File created: 10/12/2011
• In control: Transit and Parking Commission
• Final action: 12/6/2011
• Title: Subject: (Direct Referral) Communication from the Transit and Parking System Manager proposing to eliminate or reduce physical damage coverage on 1997 vehicles. (Res. 11-2857) Recommendation of the Transit and Parking Commission on 11-30-11: Approve to revise Physical Damage insurance coverage on 15 year-old buses and service truck to "stated value" as opposed to "purchased price" to reduce premium. Fiscal Note: Anticipated reduction in Physical Damage annual premium of estimated $1,200.
• Related files: Res.11-2857

Date	Ver.	Action By	Action	Result
12/6/2011	A	Common Council	Approved as Presented	Pass
11/30/2011	A	Transit and Parking Commission	Recommended For Approval

Title

Subject: (Direct Referral) Communication from the Transit and Parking System Manager proposing to eliminate or reduce physical damage coverage on 1997 vehicles. (Res. 11-2857)

Recommendation of the Transit and Parking Commission on 11-30-11:  Approve to revise Physical Damage insurance coverage on 15 year-old buses and service truck to "stated value" as opposed to "purchased price" to reduce premium.

Fiscal Note:  Anticipated reduction in Physical Damage annual premium of estimated $1,200.