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Home My WebLink AboutPR 22670: APPROVING A SETTLEMENT OF WIND DAMAGE CLAIM DUE TO HURRICANE LAURA P.R. No. 22670 07/12/22 TAW RESOLUTION NO. A RESOLUTION APPROVING SETTLEMENT OF WIND DAMAGE CLAIMS IN THE AMOUNT OF $65,688.78 MADE AGAINST CERTAIN UNDERWRITERS AT LANDMARK AMERICAN INSURANCE COMPANY (THROUGH AGENT USI SOUTHWEST INC., EL PASO) DUE TO HURRICANE LAURA (AUGUST 27, 2020) TO VARIOUS CITY PROPERTIES WHEREAS, on August 27, 2020, Hurricane Laura struck the City of Port Arthur, resulting in wind damages to various City properties; and, WHEREAS, as a result of the wind damages, a claim was filed with Certain Underwriters at Landmark American Insurance Company (through agent USI Southwest, Inc., El Paso, hereinafter referred to as USI); and, WHEREAS, USI has offered a payment in the amount of$65,688.78 for wind damages sustained from Hurricane Laura as delineated in Exhibit "A"; and, WHEREAS, this 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 $65,688.78 for the claim against Certain Underwriters at Landmark American Insurance Company (through Agent USI Southwest Inc., El Paso). 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, 2022, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor , Councilmembers NOES: . Thurman "Bill" Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: An0, it A-<-/4—&-gb8 Y Attorney APPROVED FOR ADMINISTRATION: Ronald Burton, City Manager EXHIBIT "A" EMENGLE MARTIN &ASSOCIATES .awa...'.ate.w........,w. Insured: City of Port Arthur Loss Location:Multiple Locations,TX Date of Loss:August 27,2020 Type of Loss:CAT 2050 Hurricane Laura Our Reference Number:1000307510 Preliminary Proposed Statement of Loss Value Loss Claim Loss As Determined City of Port Arthur Landfill Physical Damages Repairs Per Y&A Estimates $ 44,055.90 Less:Deductible $ (1,497.75) Totals Net RCV Repairs $ 42,558.15 Less Depreciation NIL Totals-ACV $ 42,558.15 Operations Center Physical Damages Repairs Per Y&A Estimates $ 372,521.73 Less:Deductible $ (44,461.61) Totals Net RCV Repairs $ 328,060.12 Less Depreciation $ (74,476.35) Totals-ACV $ 253,583.77 Pump Station(4732 Hwy 73) Physical Damages Repairs Per Y&A Estimates $ 1,674.91 Less:Deductible $ (1,554.62) Totals Net RCV Repairs $ 120.29 Less Depreciation S (120.29) Totals-ACV NIL Wastewater Treatment Plant Physical Damages Repairs Per Y&A Estimates $ 68,330.64 Less:Deductible 5 (3,075.48) Totals Net RCV Repairs $ 65,255.16 Less Depreciation $ (13,641.08) Totals-ACV $ 51,614.08 Development Services Bid Physical Damages Repairs Per Y&A Estimates $ 17,920.50 Less:Deductible $ (23,159.75) Totals Net RCV Repairs NIL Civic Center Physical Damages Repairs Per Y&A Estimates S 35,190.81 Less:Deductible 5 (164,981.68) Totals Net RCV Repairs NIL Sabine Pass Community Center Physical Damages Repairs Per Y&A Estimates $ 9,159.28 Less:Deductible $ (23,712.01) Totals Net RCV Repairs NIL Rosehill Manor Physical Damages Repairs Per V&A Estimates $ 40,590.67 Less:Deductible $ (30,000.00) Totals Net RCV Repairs $ 10,590.67 Less Depreciation $ (7,455.18) Totals-ACV $ 3,135.49 7/12/2022 DRAFT-For Discussion Purposes Only•Subject to Underwriters Review and Approval 1 of 5 EMENGLE MARTIN &ASSOCIATES Insured: City of Port Arthur Loss Location:Multiple Locations,TX Date of Loss:August 27,2020 Type of Loss:CAT 2050 Hurricane Laura Our Reference Number:1000307510 Preliminary Proposed Statement of Loss Value 1 Loss Claim Pompeiian Villa Physical Damoaes Repairs Per Y&A Estimates $ 97,024.53 Less:Deductible $ (14,042.69) Totals Net RCV Repairs $ 82,981.84 Less Depreciation $ (19,387.41) Totals-ACV $ 63,594.43 Police Carport Physical Domoaes 7/12/2022 DRAFT-For Discussion Purposes Only-Subject to Underwriters Review and Approval 2 of 5 ENGLE MARTIN 1 &ASSOCIATES Insured: City of Port Arthur Loss Location:Multiple Locations,TX Dote of Loss:August 27,2020 Type of Loss:CAT 2050 Hurricane Laura Our Reference Number:1000307510 Preliminary Proposed Statement of Loss Value 1 Loss I Claim Repairs Per Y&A Estimates $ 18,342.93 Less:Deductible $ (211,140.96) Totals Net RCV Repairs NIL Health Physical Damages Repairs Per Y&A Estimates $ 39,009.88 Less:Deductible $ (153,736.53) Totals Net RCV Repairs NIL Pleasure Island Commission Office Physical Damages Repairs Per Y&A Estimates $ 11,266.59 Less:Deductible $ (9,081.94) Totals Net RCV Repairs $ 2,184.65 Less Depreciation $ (2,184.65) Totals-ACV NIL Mosley pool Physical Damages Repairs Per Y&A Estimates $ 12,017.77 Less:Deductible $ (11,888.95) Totals Net RCV Repairs $ 128.82 Less Depreciation $ (128.82) Totals-ACV NIL Lakeview Pool Physical Damages Repairs Per Y&A Estimates $ 5,737.17 Less:Deductible $ (9,000.00) Totals Net RCV Repairs NIL Lakeside Park Physical Damages Repairs Per Y&A Estimates $ 7,250.87 Less:Deductible 5 (1,860.65) Totals Net RCV Repairs $ 5,390.22 Less Depreciation $ (1,450.19) Totals-ACV $ 3,940.03 Adams Park Physical Damages Repairs Per Y&A Estimates $ 16,590.93 Less:Deductible $ (1,382.24) Totals Net RCV Repairs $ 15,208.69 Less Depreciation $ (3,167.30) Totals-ACV $ 12,041.39 PA Downtown Pavillion Physical Damages Repairs Per Y&A Estimates $ 1,899.42 Less:Deductible 5 (42,811.22) Totals Net RCV Repairs NIL Sal Grado Park Physical Damages Repairs Per Y&A Estimates $ 19,082.36 Less:Deductible $ (2,234.57) Totals Net RCV Repairs $ 16,847.79 Less Depreciation $ (3,167.30) Totals-ACV $ 13,680.49 El Vista Park 7/12/2022 DRAFT-For Discussion Purposes Only-Subject to Underwriters Review and Approval 3 of 5 F M ENGASLE SOCIATMARTINES 8c insured: City of Port Arthur Loss Location: Multiple Locations,TX Date of Loss:August 27,2020 Type of Loss:CAT 2050 Hurricane Laura Our Reference Number:I000307510 Preliminary Proposed Statement of Loss Value Loss Claim Physical Damages Repairs Per Y&A Estimates $ 7,571.26 Less:Deductible $ (4,500.00) Totals Net RCV Repairs $ 3,071.26 Less Depreciation 5 (1,514.25) Totals-ACV $ 1,557.01 County Park Physical Damages Repairs Per Y&A Estimates $ 10,116.21 Less:Deductible 5 (2,234.57) Totals Net RCV Repairs $ 7,881.64 Less Depreciation 5 (2,023.22) Totals-ACV $ 5,858.42 London Bridge Park Physical Damages Repairs Per Y&A Estimates $ 5,415.23 Less:Deductible $ (2,438.44) Totals Net RCV Repairs $ 2,976.79 Less Depreciation $ (1,083.05) Totals-ACV $ 1,893.74 Hughen Park Physical Damages Repairs Per Y&A Estimates $ 978.93 Less:Deductible 5 (9.58) Totals Net RCV Repairs $ 969.35 Less Depreciation 5 (195.79) Totals-ACV $ 773.56 Roy O'Neal Park Physical Damages Repairs Per Y&A Estimates $ 47,890.00 Less:Deductible $ (1,382.24) Totals Net RCV Repairs $ 46,507.76 Less Depreciation $ (9,578.00) Totals-ACV $ 36,929.76 Senior Filed Physical Damages Repairs Per Y&A Estimates $ 27,679.39 Less:Deductible $ (2,320.76) Totals Net RCV Repairs $ 25,358.63 Less Depreciation $ (5,535.88) Totals•ACV $ 19,822.75 Lyons Park Physical Damages Repairs Per Y&A Estimates $ 27,181.76 Less:Deductible $ (6,291.11) Totals Net RCV Repairs $ 20,890.65 Less Depreciation $ (5,436.39) 7/12/2022 DRAFT•For Discussion Purposes Only-Subject to Underwriters Review and Approval 4 o1 5 FENASSGLE OCIATES MARTIN ` & Insured: City of Port Arthur Loss Location: Multiple Locations,TX Date of Loss:August 27,2020 Type of Loss:CAT 2050 Hurricane Laura Our Reference Number:1000307510 Preliminary Proposed Statement of Loss Value Loss Claim Totals-ACV $ 15,454.26 JB Matthews Physical Damages Repairs Per Y&A Estimates $ 9,937.24 Less:Deductible $ (11,147.32) Totals Net RCV Repairs NIL Fire Station#4 Physical Damages Repairs Per Y&A Estimates $ 847.02 Less:Deductible 5 (51,075.94) Totals Net RCV Repairs NIL Fire Station#6 Physical Damages Repairs Per Y&A Estimates $ 42,689.80 Less:Deductible 5 (3,000.00) Totals Net RCV Repairs $ 39,689.80 Less Depreciation NIL Totals-ACV $ 39,689.80 Summary RCV $ 997,973.73 Less Recoverable Depreciation $ (150,545.15) Net ACV Loss $ 566,127.13 Less Payment I $ (434,100.41) Less Payment II 5 (131,377.56) $ (565,477.97) Net ACV Claim(Payment Request) NIL NIL Undisputed Net ACV Payment Request NIL Market Allocation $ 434,100.41 $ 131,377.56 Payment 1 Payment 2 Landmark American Insurance(RSUI)50% $ 217,050.21 5 65,688.78 Onyx Insurance Broker 50%as follows: Tokio Marine/Houston Casualty Company 15% 5 65,115.06 TBA Apollo Underwriting 12.50% $ 54,262.55 TBA AXA/XL 12.50% $ 54,262.55 TBA Hiscox(Lloyds)10% S 43,410.04 TBA Total-100% $ 434,100.41 $ 65,688.78 7/12/2022 DRAFT-For Discussion Purposes Only-Subject to Underwriters Review and Approval 5 of 5