HomeMy WebLinkAboutPR 19982: SETTLEMENT IN THE AMOUNT OF $39,421.91 AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY, GOLF COURSE MAINTENANCE BUILDING I
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INTEROFFICE MEMORANDUM
Office of Safety & Risk Management
Date: November 9, 2017
To: Brian McDougal, City Manager
From: Trameka A. Williams, Safety &Risk Management Coordinate
RE: A Resolution Approving a Settlement in the Amount of$39,421.91 Against Wright National
Flood Insurance Company for Flood related Damages to Golf Course Maintenance Building
(3500 Jimmy Johnson Blvd.)
Nature of the request: On August 30, 2017, the Golf Course Maintenance Building (3500
75th Street), sustained damages during the flooding from Hurricane Harvey.
StaffAnalysis, Considerations: The City has Flood insurance coverage through Wright
National Flood Insurance Company. Wright National Flood Insurance Company has offered the
City a settlement of$39,421.91, less the deductible of$1,250.00 and depreciation of$1,304.14,
making the final settlement $36,867.77. This amount is sufficient to cover all estimated property
damages for the Golf Course Maintenance Building (3500 Jimmy Johnson Blvd.). If additional
damages are discovered, Wright National Flood Insurance Company may issue a supplemental
payment.
Recommendation: I recommend approval of Proposed Resolution No. 19982 authorizing the
property damage settlement against Wright National Flood Insurance Company for damage
sustained to the Golf Course Maintenance Building (3500 Jimmy Johnson Blvd.). Wright
National Flood Insurance Company has offered to settle the claim for $39,421.91, less the
deductible of$1,250.00 and depreciation of$1,304.14, making final settlement $36,867.77. This
is considered a fair and reasonable settlement.
Budget Considerations: The funds received will be deposited in the Insurance Proceeds
Account#147-0000-369.85-00, Project#082617.
"Remember we are here to serve the Citizens of Port Arthur"
P.R. No. 19982
11/08/17 TAW
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $39,421.91 MADE
AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY AS A RESULT OF THE
FLOOD DAMAGE TO THE GOLF COURSE MAINTENANCE BUILDING
WHEREAS, on August 29, 2017, Hurricane Harvey struck the City of Port Arthur,
resulting in flood damage to the Golf Course Maintenance Building; and,
WHEREAS, as a result of the damage, a claim was filed with Wright National Flood
Insurance Company; and,
WHEREAS, Wight National Flood Insurance Company has offered to settle the claim
for $39,421.91 ; however, the City has a building deductible of $1,250.00, less the
depreciation amount of $1,304.14, making the final settlement $36,867.77, which has been
determined to be 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 do all things necessary to
execute settlement in the amount of $39,421.91 for the claim against Wright National Flood
Insurance Company. This amount is based on an estimated cost for flood-related repairs;
therefore, if additional flood-related costs are incurred, Wright National Flood Insurance
Company may issue a supplemental payment.
P.R. No. 19982
11/08/17 TAW
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, 2017, at a
Meeting of the City Council of the City of Port Arthur, Texas, by the following vote:
AYES: Mayor , Councilmembers
NOES:
Derrick Ford Freeman, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVE AS TO FORM:
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APPROVED FOR ADMINISTRATION:
Brian McDougal, City Manager
Wright National Flood Insurance Company FCL 99.002 0311
A Stock Company 1392260
P.O. Box 33003
St. Petersburg, FL 33733-8003 10/31/17
Claims: 1-800-725-9472
2000 11523 FLD RGLR
42 1150318634 07
October 31, 2017
CITY OF PORT ARTHUR cc: (713) 787-2431
444 4TH ST VICTOR 0 SCHINNERER & CO INC
PORT ARTHUR TX 77640-6450 3100 WILCREST DR STE 200
HOUSTON TX 77042-3530
RE: Insured: CITY OF PORT ARTHUR
Claim #: 17-0020313
Date/Loss: 08/29/2017
Policy #: 42 1150318634 07
Dear CITY OF PORT ARTHUR
It has been a pleasure to assist you with your recent flood loss. For
your convenience, we are providing the payment breakdown:
BUILDING CONTENTS
Gross Loss (RCV) 39421. 91
Less Depreciation 1304. 14
Covered Damage (ACV) 38117.77
Less Deductible 1250
CLAIM PAYABLE (ACV) 36867.77
TOTAL SETTLEMENT: 36867.77
The check (s)" will be mailed separately from our office within the
next few working days.
If I can be of further assistance, please contact me at the toll-free
number listed below, ext. 5450 .
Very truly yours,
Catastrophe Claims Office
POLICY INFORMATION: P.O.BOX 33003/ST.PETERSBURG, FL 33733-8003 1-800-820-3242
CLAIMS: P.O.BOX 33064/ST. PETERSBURG, FL 33733-8064 1-800-725-9472
CLAIMS FAX 1-877-270-4329
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