HomeMy WebLinkAboutPR 19590: SETTLEMENT OF A CRIME COVERAGE CLAIM IN THE AMOUNT OF $279,921.20 UNDER TMLRISK POOL, RESULT OF PUBLIC EMPLOYEE DISHONESTY P.R. No. 19590
10/31/16 LJC
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE
SETTLEMENT OF A CRIME COVERAGE CLAIM IN THE AMOUNT OF
$279,921.20 UNDER THE CITY'S COVERAGE WITH TEXAS MUNICIPAL
LEAGUE INTERGOVERNMENTAL RISK POOL (TMLIRP)
WHEREAS, between FY-2013 and FY-2015, the city experienced theft losses and claims for the various
losses was filed with Texas Municipal League Intergovernmental Risk Pool (TMLIRP); and,
WHEREAS, TML has offered to settle the claim for$279,921.20 (Total Amount of Loss $279,921.20), less the
crime coverage deductible of $5,000, making the final settlement $274,921.20, which is considered a fair and
reasonable settlement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR,
TEXAS:
Section 1. That, the facts and opinions in the preamble are true and correct.
Section 2. That, the City Manager is hereby authorized to execute settlement in the amount of $279,921.20
under our policy with TMLIRP.
Section 3. That, a copy of this Resolution be spread upon the minutes of the City Council.
READ, ADOPTED, AND APPROVED this day of , AD, 2016, at a Meeting of
the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , Councilmembers
NOES:
Derrick Freeman, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPOVVED A TO FORM:y
Val Tizeno, ity Attor a I sv S e e fo'I7JV
APPROVED FOR ADMINISTRATION:
Brian McDougal, City Manager