HomeMy WebLinkAboutPR 19983: SETTLEMENT IN THE AMOUNT OF $286,362.69 AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY, FIRE STATION #8 FaerNy
„of -.-
....0,
, , `- ,,l
ort rthur '
INTEROFFICE MEMORANDUM
Office of Safety & Risk Management
Date: November 9, 2017
To: Brian McDougal, City Manager
From: Trameka A. Williams, Safety &Risk Management Coordinator
RE: A Resolution Approving a Settlement in the Amount of $286,362.69 Against Wright
National Flood Insurance Company for Flood related Damages to Fire Station #8 (7800 9th
Avenue)
Nature of the request: On August 30, 2017, Fire Station #8 (7800 9th Avenue), 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 $286,362.69. This amount is sufficient to cover all estimated property
damages for Fire Station #8 (7800 9th Avenue). If additional damages are discovered, Wright
National Flood Insurance Company may issue a supplemental payment.
Recommendation: I recommend approval of Proposed Resolution No. 19983 authorizing the
property damage settlement against Wright National Flood Insurance Company for damage
sustained to Fire Station #8 (7800 9th Avenue). Wright National Flood Insurance Company has
offered to settle the claim for$286,362.69. 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. 19983
11/08/17 TAW
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $286,362.69 MADE
AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY AS A RESULT OF THE
FLOOD DAMAGE TO FIRE STATION #8 (7800 9TH AVENUE)
WHEREAS, on August 29, 2017, Hurricane Harvey struck the City of Port Arthur,
resulting in flood damage to Fire Station #8; 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 $286,362.29; 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 $286,362.29 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. 19983
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
APPROVED AS TO FORM:
VAzed171-NVal Tizen• ' y A 1•rney
APPROVED FOR ADMINISTRATION:
Brian McDougal, City Manager
Wright National Flood Insurance Company
A Stock Company
P.O. Box 33003
St.Petersburg, FL 33733-8003
It Claims: 1-800-725-9472
November 02, 2017
CITY OF PORT ARTHUR
444 4TH ST
PORT ARTHUR, TX 77640-6450
RE: Insured: CITY OF PORT ARTHUR
Claim Number: 17-0020287
Policy Number: 42 1150318623 07
Date of Loss: 8/29/17
Location of Loss: 7800 9TH AVE PORT ARTHUR TX, 77642-6909
Dear policyholder:
We are sorry for your flood loss due to the catastrophic event and hope that your flood insurance policy
through the National Flood Insurance Program will help you recover as quickly as possible.
At this time, we have determined that you are owed $286,362.69 under your flood insurance policy. By
accepting this payment(s), you agree that the information in the adjuster's report is true and correct to the
best of your knowledge and belief. If you have not received your estimate(s), please contact your adjuster
or Wright Flood.
Accepting this payment does not waive any of your rights to seek further payments under your flood
insurance policy. You may request additional payments by submitting a Proof of Loss within one year
following the date of loss. We will help you complete and submit a Proof of Loss if you believe you are
owed more under your flood insurance policy. You can learn more about requesting payments under your
policy by visiting https://www.fema.gov/nfip-file-your-claim
Claims Department
Wright National Flood Insurance Co.
P.O. Box 33064
St. Petersburg, FL 33733
800-725-9472
otki
06055844 0318623],730601 00001 00129