HomeMy WebLinkAboutPR 20006: SETTLEMENT $270,669.87 AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY, DAMAGES TO FIRE STATION #5 4
City of C:ry. .
del
ort rthur
Texas
INTEROFFICE MEMORANDUM
Office of Safety & Risk Management
Date: November 17, 2017
To: Dr. Jimmie Johnson, Acting City Manager
From: Trameka A. Williams, Safety & Risk Management Coordinator
RE: A Resolution Approving a Settlement in the Amount of $270,669.87 Against Wright
National Flood Insurance Company for Flood related Damages to Fire Station #5 (6099
Lewis Foster Drive)
Nature of the request: On August 30, 2017, Fire Station #5 (6099 Lewis Foster Drive),
sustained damages during the flooding from Hurricane Harvey.
Staff Analysis, 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 $270,669.87. This amount is sufficient to cover all estimated property
damages for Fire Station #5 (6099 Lewis Foster Drive)). If additional damages are discovered,
Wright National Flood Insurance Company may issue a supplemental payment.
Recommendation: I recommend approval of Proposed Resolution No. 20006 authorizing the
property damage settlement against Wright National Flood Insurance Company for damage
sustained to Fire Station #5 (6099 Lewis Foster Drive). Wright National Flood Insurance
Company has offered to settle the claim for $270,669.87. This is considered a fair and
reasonable settlement.
Budget Considerations: The funds received will be deposited in the Insurance Proceeds
Account #147-000-369.85-00, Project#082617.
"Remember we are here to serve the Citizens of Port Arthur"
P.R. No. 20006
11/17/17 TAW
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $270,669.87 MADE
AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY AS A RESULT OF THE
FLOOD DAMAGE TO FIRE STATION #5 (6099 LEWIS FOSTER DRIVE)
WHEREAS, on August 29, 2017, Hurricane Harvey struck the City of Port Arthur,
resulting in flood damage to Fire Station #5; 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 $270,669.87; 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 $270,669.87 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. 20006
11/17/17 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
APPROVED AS TO FORM:
Val Tizeno, City A pney
APPROVED FOR ADMINISTRATION:
Dr. Jimmie Johnson, Acting City Manager
Wright National Flood Insurance Company FCL 99.002 0311
A Stock Company 1392267
P.O. Box 33003
EST St. Petersburg, FL 33733-8003 11/09/17
Claims: 1-800-725-9472
2000 11523 FLD RGLR
42 1150318642 07
November 09, 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
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RE: Insured: CITY OF PORT ARTHUR
Claim # : 17-0020326
Date/Loss: 08/29/2017
Policy # : 42 1150318642 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) 246613.76 . 58440.70
Less Depreciation 16693.89 7000.11
Covered Damage (ACV) 231919.87 51440.59
Less Deductible 1250 1250
Excess Over Limit 10190 .59
CLAIM PAYABLE (ACV) 230669.87 40000.00
TOTAL SETTLEIYENT: 230669.87 40000.00
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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