HomeMy WebLinkAboutTR-62-85 4
CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, G.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L1C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING OF
OCTOBER 7, 1985
REPORT NO. : TR-62-85
SUBJECT: SELF INSURED LOSSES RESERVE
RECOMMENDATION:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council that the three Parking
Meters stolen during the month of September 1985, with a total
replacement value of $2,688.30 be funded through the monies held in the
Self-Insured Losses Reserve.
BACKGROUND AND COMMENT
The attached police report and memorandum on costs, detail the events
of the occurance. Since these costs fall below the Town' s
deductibility limits, they should be funded from the Self-Insured
Losses Reserve.
The balance of the Self-Insured Losses Reserve as of September 19th
1985 is $23,635.00.
Respectfully submitted,
Kathryn Campbell , C.A.,B-Comm. ,
Treasur
*gf
Att: 2
TOWN OF NEWCASTLE
WRRMM
f.
l; TQ: Kathryn Campbell , C.A. , B. Comm. , Treasurer l i
' FROM Brian . Irwin, By-law Enforcement Officer ( .
DATES i Septemper 18, 1985
I I I ,
SJ&Pr (; Theft of Parking Meters (compensation for)
Our Fi e: #77.39.4
!' Pursuant to our convey ation regarding this matter,' I regret to inform you that as f j
this date, three of th! Town',s parking meters have been stolen.
The modus operandi �n X11 three of the thefts has been to wrest the meter post from I j
the asphalt and abscon with the entire unit. The price per entire unit (post, �`
housing and mechanism)�is $871.10 or $2,613.30 for the three, federal tax included.
Add to thi figure an installation charge of $25,00 per unit fora total value of
ff
$2,6$8.30 I
Plea$e fin attached c pies of the corresponding Police reports. l i
I` Respectfull' submitted
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CPIC Codes on Reverse OPC 031(ans)
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Reportin fficer (Full N /Ran"".) Date/Time Day Mo. Yr. Time
Report
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CPIC Codes on Revers (9/78) Q