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HomeMy WebLinkAboutPR 23711: PROPERTY DAMAGE SETTLEMENT , EDC, ELECTRICAL COMPONENTS IN THE BUILDING CUT of 14,17+ ort rtit $^ 7�.tus INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: April 12, 2024 To: Ron Burton, CPM, City Manager From: Trameka A. Williams, Director of Human Resources RE: A Resolution Approving a Property Damage Settlement in the Amount of$23,928.04 for Damages to City of Port Arthur the Economic Development Corporation's Electrical Components in the Building Nature of the request: On May 24, 2022, severe weather damaged three (3) power surges within the Economic Development Corporation building at 501 Procter Street. Staff Analysis, Considerations: The City has Physical Damage insurance coverage through Texas Municipal League Intergovernmental Risk Pool (TMLIRP) with a $5,000.00 deductible. TMLIRP has offered the City a settlement of$23,928.04, less the $5,000.00 deductible, making the final settlement offer $18,928.04 (Exhibit "A" attached). This amount is sufficient to cover all estimated property damage for the EDC power surges. If additional damage is discovered, TMLIRP may issue a supplemental payment. Recommendation: I recommend approval of Proposed Resolution No. 23711 authorizing the property damage settlement against TMLIRP for damage sustained to the EDC power surges. TMLIRP has offered to settle the claim for $23,928.04, less the $5,000.00 deductible, making the final settlement offer $18,928.04. This is considered a fair and reasonable settlement. Budget Considerations: The funds received will be deposited in the insurance general fund account, HINGF). "Remember we are here to serve the Citizens of Port Arthur." P.R. No. 23711 04/12/24 TAW RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE SETTLEMENT OF A PHYSICAL DAMAGE CLAIM IN THE AMOUNT OF $23,928.04 MADE AGAINST TEXAS MUNICIPAL LEAGUE INTERGOVERNMENTAL RISK POOL (TMLIRP) AS A RESULT OF PROPERTY DAMAGE TO ELECTRICAL COMPONENTS IN THE EDC BUILDING (501 PROCTER STREET) WHEREAS, on May 24, 2022, severe weather damaged three (3) power surges within the Economic Development Corporation (EDC) building; and, WHEREAS, as a result of the damage, a claim was filed with Texas Municipal League Intergovernmental Risk Pool (TMLIRP); and, WHEREAS, TMLIRP has offered to settle the claim for $23,928.04, less the Physical Damage deductible amount of $5,000.00, making the final settlement offer $18,928.04, which is considered 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 $23,928.04, less the Physical Damage deductible amount of $5,000.00, making the final settlement offer $18,928.04, for the claim against TMLIRP in substantially the same form as delineated in Exhibit "A". 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, 2024, 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: 11CA-6-1-.144--" (*rit'i--, Ja es Black, Interim City Attorney APPROVED FOR ADMINISTRATION: Ron Burton, CPM, City Manager EXHIBIT " A " From:James Kaltman<ikaltman@tmlirp.org> Sent: Friday,April 12, 2024 11:07:17 AM To:Trameka Williams<trameka.williamst«@portarthurtx.Rov> Subject: [NON-CoPA] FW: [External] PR173623 See if this works for you: A claim was filed with TMLIRP related to lightning damage at the EDC Building located at 501 Procter Street, having occurred on 05.24.2022. There was damage to lights,controllers,ballasts,and other electrical equipment in the building. Repairs have been completed and the invoicing was forwarded to the adjuster at TMLIRP. The total amount of the claim was$23928.04. After deducting our Property coverage deductible ($5000.00),the claim payment of$18928.04 has been received. I recommend acceptance of the claim funds so this claim can be finalized.