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Home My WebLink AboutPR 21018: APPROVING A SETTLEMENT IN THE AMOUNT OF $373,019.24 AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY FOR FLLOD RELATED CONTENTS DAMAGES TO THE MUNICIPAL GARGE (103 H.O. MILLS BLVD.) City of - nrt rthz�r Texas INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: August 15,2019 To: Ronald Burton, Interim City Manager From: Trameka A. Williams, Asst. Director of Human Resources RE: A Resolution Approving a Settlement in the Amount of $373,019.24 Against Wright National Flood Insurance Company for Flood related Contents 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$373,019.24. This amount is sufficient to cover all current contents 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. 21018 authorizing the property damage settlement against Wright National Flood Insurance Company for damage sustained to the Municipal Garage (103 H.O. Mills Blvd.) contents. Wright National Flood Insurance Company has offered to settle the claim for$373,019.24. 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. 21018 08/15/19 TAW RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE SETTLEMENT OF A CLAIM IN THE AMOUNT OF $373,019.24 MADE AGAINST WRIGHT NATIONAL FLOOD INSURANCE COMPANY AS A RESULT OF THE FLOOD DAMAGE TO THE MUNICIPAL GARAGE CONTENTS (103 H.O. MILLS BLVD.) WHEREAS, on August 29, 2017, Hurricane Harvey struck the City of Port Arthur, resulting in flood damage to the contents of 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 $373,019.24, 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 $373,019.24 for the claim against Wright National Flood Insurance Company. This amount is based on an estimated cost for flood-related contents replacement; therefore, if additional flood-related costs are incurred, Wright National Flood Insurance Company may issue a supplemental payment. P.R. No. 21018 08/15/19 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, 2019, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , Councilmembers NOES: Thurman "Bill" Bartle, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: . 04 6C4e/ 01- AVal I no City Attorney APPROVED FOR ADMINISTRATION: Ronald Burton, Interim City Manager 42115031864007 POLICY NO.FL DEPARTMENT OF HOMELAND SECURITY O.M.B.No. 1660-0005 4/26/2017 - 4/26/2018 FEDERAL EMERGENCY MANAGEMENT AGENCY Expires April 30, 2017 NATIONAL FLOOD INSURANCE PROGRAM POLICY TERM PROOF OF LOSS Victor 0 Schinnerer& Co. Inc. $157,442.29 (See reverse side for Privacy Act Statement and AGENT AMT OF BLDG COV AT TIME OF LOSS Paperwork Burden Disclosure Notice) 3100 Wilcrest Dr STE 200, Houston,TX $367,994.98 77042-3530 AGENCY AT AMT OF CONTS COV AT TIME OF LOSS TO THE NATIONAL FLOOD INSURANCE PROGRAM: At time of loss, by above indicated policy of insurance,you insured the interest of City of Port Arthur; 103 H 0 Mills Blvd; Port Arthur, TX 77640-2434 against loss by flood to the property described according to the terms and conditions of said policy and of all forms,endorsements,transfers and assignments attached thereto. TIME AND ORIGIN A Flood loss occurred about the hour of Twelve o'clock AM., on the ,29 day of August, 2017 . The cause of the said loss was: Accumulation of Rainfall or Snow Melt OCCUPANCY The premises described,or containing the property described,was occupied at the time of the loss as follows,and for no other purpose whatever: Owner INTEREST No other person or persons had any interest therein or encumbrance thereon except: None 1. FULL AMOUNT OF INSURANCE applicable to the property for which.Claim is presented is $525,437.27 2.ACTUAL CASH VALUE of building structures $1,759,422.88 3.ADD ACTUAL CASH VALUE OF CONTENTS of personal property insured $500,000.00 4.ACTUAL CASH VALUE OF ALL PROPERTY $2,259,422.88 5.FULL COST OF REPAIR OR REPLACEMENT(Building and Contents) $420,555.64 6.LESS APPLICABLE DEPRECIATION $44,517.06 7.ACTUAL CASH VALUE LOSS is $376,038.58 8.LESS DEDUCTIBLES $3,019.34 9.NET AMOUNT CLAIMED under above numbered policy is $373,019.24 The said loss did not originate by any act,design or procurement on the part of your insured,nothing has been done by or with the privity or consent of your insured to violate the conditions of the policy,or render it void;no articles are mentioned herein or in annexed schedules but such as were destroyed or damaged at the time of said loss,no property saved has in any manner been concealed,and no attempt to deceive the said insurer as to the extent of said loss,has in any manner been made. Any other information that may be required will be furnished and considered a part of this proof. I understand that this insurance(policy)is issued Pursuant to the National Flood Insurance Act of 1968,or Any Act Amendatory thereof,and Applicable Federal Regulations in Title 44 of the Code of Federal Regulations,Subchapter B,and that knowingly and willfully making any false answers or misrepresentations of fact may be punishable by fine,imprisonment,or both under applicable United States Codes. Subrogation-To the extent of the payment made or advanced under this policy;the insured hereby assigns,transfers and sets over the insurer all rights, claims or interest that he has against any person,firm or corporation liable for the loss or damage to the property for which payment is made or advanced. He also hereby authorizes the insurer to sue any such third party in his name. The insured hereby warrants that no release has been given or will be given or settlement or compromise made or agreed upon with any third party who may be liable in damages to the insured with respect to the claim being made herein. The fumishing of this blank or the preparation of proofs by a representative of the above insurer is not a waiver of any of its rights. I declare under penalty of perjury that the information contained in the foregoing is true and correct to the best of my knowledge and belief. Executed this day of ,20 Name FEMA Form 086-0-9,4/14 REPLACES ALL PREVIOUS EDITIONS F-101 Page 1