ACTION REQUESTED:
Title
Communication from the City Manager and Fire Chief with a Request to CREATE a PROGRAM Establishing and Implementing a System Working with Insurance Companies to Collect FIRE RECOVERY FEES Within Insurance Policies for Services Rendered by the Peoria Fire Department.
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BACKGROUND: The Fire Department responds to calls where recovery fees are able to be recovered and reimbursed for services provided. Recovery fees can be obtained from insurance companies without impacting the community or the individual personally. By using a Third-Party Administrator, the Peoria Fire Department could potentially recover upwards of $300,000 to $500,000 annually. It is the desire of the Fire Department to utilize this capability to recoup costs incurred by the City of Peoria
FINANCIAL IMPACT: It is estimated that this recovery program could recoup up to $500,000 per year for the Fire Department and the City of Peoria.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: This program would go into effect.
IMPACT IF DENIED: This program would not go into effect.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER:
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
2. Choose an item.
3. Choose an item.
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
2. Support sustainability.
3. Keep taxes and fees competitive.
DEPARTMENT: Fire