WHEREAS, the Town Board (the “Board”) of the Town of North Hempstead (the “Town”) has heretofore established an Insurance Reserve Fund, pursuant to applicable law, for the payment of legal claims and related expenses; and
WHEREAS, the Town has available funds in the Insurance Reserve Fund; and
WHEREAS, the Board approved the settlement of claims, totaling $247,857.30, which was paid or approved for payment from the tort reserve/litigation expense line (A.11.1420.4620) of the Town Attorney’s 2024 budget; and
WHEREAS, after careful consideration, the Board finds it in the best interests of the Town to release monies from the Insurance Reserve Fund to replenish the monies expended.
NOW, THEREFORE, BE IT
RESOLVED that the Board hereby authorizes a release of $247,857.30 from the Insurance Reserve Fund, to be allocated to the tort reserve/litigation expense line designated as Account A.11.1420.4620, to replenish the funds for settlements paid or approved for payment during 2024; and be it further
RESOLVED that the Offices of the Town Attorney and Comptroller are hereby directed to take such action as may be necessary to effectuate the foregoing.
Dated: Manhasset, New York
January 9, 2023
The vote on the foregoing resolution was recorded as follows:
Ayes: Councilperson Adhami, Councilperson Dalimonte, Councilperson Scott, Councilperson Troiano, Councilperson Walsh, Supervisor DeSena.
Nays: None.
Absent: Councilperson Liu.
cc: Town Attorney Comptroller Clerk |