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File #: RES 19-1376    Version: 1 Name: C190033 Property Damage Claim Cincinnati Insurance Company as subrogee of the Arcade & Maryland Development, LLC
Type: Resolution Status: Passed
In control: City Council
Final action: 8/28/2019
Title: Authorizing payment in the amount of eighty-six thousand nine hundred four dollars and no cents ($86,904.00) in full and final settlement of their property damage claim of the Cincinnati Insurance Company as subrogee of the Arcade & Maryland Development, LLC.
Sponsors: Amy Brendmoen
Attachments: 1. C190033 pdrel, 2. C190033 Resolution, 3. C190033 W9, 4. c190033 financial analysis

Title

Authorizing payment in the amount of eighty-six thousand nine hundred four dollars and no cents ($86,904.00) in full and final settlement of their property damage claim of the Cincinnati Insurance Company as subrogee of the Arcade & Maryland Development, LLC.

 

Body

Be it resolved that upon execution and delivery of a properly executed release to the City of Saint Paul, the proper City officials are hereby authorized to pay from the City of Saint Paul's Police Department, Tort Liability Fund 1-10023200-74205-2310041000-74205 to the Cincinnati Insurance Company as subrogee of the Arcade & Maryland Development, LLC in the amount of eighty-six thousand nine hundred four dollars and no cents ($86,904.00) in full and final settlement of their property damage claim stemming from a motor vehicle accident on or about the 4th day of December, 2017, in Saint Paul, MN.

 

 

 

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