ITEM TITLE:
Title
Consider approving a resolution amending the City of Lawton FY25 budget, as amended, by appropriating $4,115.27 in insurance proceeds to the Electronics Maintenance Repair and Maintenance account.
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INITIATOR: Michael Watrous, Public Works Director
STAFF INFORMATION SOURCE: Michael Watrous, Public Works Director
BACKGROUND: In November of 2023, Dobson struck a traffic control line when installing fiber optic cable at NW Ft Sill Blvd and NW Cache Rd. Proceeds were obtained on January 24th, 2025. This budget amendment would place the funds in the electronics maintenance repair and maintenance account to provide essential services to the city of Lawton, of which the funds were unexpectedly expensed last year by negligence of an outside party.
EXHIBIT: Resolution No. 25-_____
KEY ISSUES: None
FUNDING SOURCE: Damage Claim proceeds
STAFF RECOMMENDED COUNCIL ACTION: Approve a resolution amending the City of Lawton FY25 budget, as amended, by appropriating $4,115.27 in insurance proceeds to the Electronics Maintenance Repair and Maintenance account.