City recoups $1.57 million of missing fares
Submitted by klaudiuszm on February 20, 2010 – 7:20 pm
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| One CommentThe city has recouped nearly all of the money that went missing from HSR coffers.
Yesterday, the city announced it has recovered $1.57 million of the $1.81 million that disappered from HSR fare boxes, the latest coming from an insurance settlement.
The city had already recovered about $800,000 from Avero Security, the private armoured car company that was collecting the HSR's fare box revenue when the cash disappeared.
Council had been negotiating the amount of the insurance settlement in a series of closed-door meetings. The city was first offered $600,000 but council rejected the offer and instead tried to negotiate a higher amount.
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City recoups $1.57 million of missing fares
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This is the root of issues in Hamilton, far too many orggs and corps only trying to screw and steel every last thing that is not nailed down in that town… Iike scavengers fighting over dry bones… Put some in to your city stop taking!!