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HomeMy WebLinkAboutPR 20037: DETTLEMENT MUNICIPAL GARAGE 103 H.O. MILLS City of ,ac` (1 rt rt lr rl r• Texas INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: December 6, 2017 To: Harvey Robinson, Interim City Manager From: Trameka A. Williams, Safety Management Risk Mana ement Coordinatcl, RE: A Resolution Approving a Settlement in the Amount of $463,855.19 Against Wright National Flood Insurance Company for Flood related Damages to the Municipal Garage (103 H.O. Mills Blvd.) Nature of the request: On August 30, 2017, the Municipal Garage(103 H.O. Mills Blvd.), 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 $463,855.19. This amount is sufficient to cover all estimated property damages for the Municipal Garage (103 H.O. Mills Blvd.). If additional damages are discovered, Wright National Flood Insurance Company may issue a supplemental payment. Recommendation: I recommend approval of Proposed Resolution No. 20037 authorizing the property damage settlement against Wright National Flood Insurance Company for damage sustained to the Municipal Garage (103 H.O. Mills Blvd.). Wright National Flood Insurance Company has offered to settle the claim for $463,855.19. 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. 20037 12/06/17 TAW RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $463,855.19 MADE AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY AS A RESULT OF THE FLOOD DAMAGE TO THE MUNICIPAL GARAGE (103 H.O. MILLS BLVD.) WHEREAS, on August 29, 2017, Hurricane Harvey struck the City of Port Arthur, resulting in flood damage to the Municipal Garage; 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 $463,855.19, 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 execute settlement in the amount of $463,855.19 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. 20037 12/06/17 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: \Co& • , Val Tizeno, ity A rney APPROVED FOR ADMINISTRATION: Harvey Robinson, Interim City Manager Wright National Flood Insurance Company A Stock Company P.O.Box 33003 St.Petersburg, FL 33733-8003 Claims: 1-800-725-9472 November 30, 2017 CITY OF PORT ARTHUR 444 4TH ST PORT ARTHUR, TX 77640-6450 RE: Insured: CITY OF PORT ARTHUR Claim Number: 17-0020323 Policy Number: 42 1150318640 07 Date of Loss: 8/29/17 Location of Loss: 103 H 0 MILLS BLVD PORT ARTHUR TX, 77640-2434 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 $463,855.19 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 06055844211503186401733401 00001 00257 Wright National Flood Insurance Company FCL 99.002 0311 A Stock Company 1392265 P.O. Box 33003 WRIGHT St. Petersburg, FL 33733-8003 11/29/17 Claims: 1-800-725-9472 2000 11523 FLD RGLR 42 1150318640 07 November 29, 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 #: 17-0020323 Date/Loss: 08/29/2017 Policy #: 42 1150318640 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) 342557.71 202367.02 Less Depreciation 35630.44 42939.10 Covered Damage (ACV) 306927.27 159427. 92 Less Deductible 1250 1250 CLAIM .PAYABLE (ACV) 305677.27 158177. 92 TOTAL SETTLEMENT: 305677.27 158177. 92 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 Ni 06055844211503186401733301 00000 03559