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HomeMy WebLinkAboutPR 19155: APPROVING A PROPERY DAMAGE SETTLEMENT IN THE AMOUNT OF $74,888.90 FOR DAMAGES TO THE AMOS EVANS GYMNASIUM City of % ort rtl:ur Texas INTEROFFICE MEMORANDUM Office of Safety & Risk Management Date: October 6, 2015 To: Brian McDougal, City Manager From: Lisa Colten, Safety& Risk Management Coordinator RE: A Resolution Approving a Property Damage Settlement in the Amount of$74,888.90 for Damages to the Amos Evans Gymnasium (1308B 9th Avenue) Nature of the request: On or about February 5, 2015, wind caused debris to puncture the roof of the Amos Evans Gymnasium (1308B 9th Avenue), allowing water to come through, resulting in extensive damages to the roof and floor. Staff Analysis, Considerations: The City had Commercial Wind/Hail insurance coverage for the policy year 5/01/2014 through 5/01/2015 with Axis Surplus Insurance Company (Axis) and Liberty Surplus Insurance Corporation (Liberty), with a $25,000.00 deductible. Axis and Liberty have offered the City a settlement of$74,888.90, less the $25,000.00 deductible, less the withheld recoverable depreciation of$19,955.10, making the final settlement offer $29,933.80 ($14,966.90 each) [Exhibit"A-1" and Exhibit "A-2"]. This amount is sufficient to cover all estimated property damages for the Amos Evans Gymnasium. If additional damages are discovered, a supplemental payment may be issued. The withheld recoverable depreciation may be recovered after repairs have been completed. Recommendation: I recommend approval of Proposed Resolution No. 19155 authorizing the property damage settlement against Axis Surplus Insurance Company (Axis) and Liberty Surplus Insurance Corporation (Liberty) for damage sustained to the Amos Evans Gymnasium (1308B 9th Avenue). Axis and Liberty have offered to settle the claim for $74,888.90, less the $25,000.00 deductible, less the withheld recoverable depreciation of$19,955.10, making the final settlement offer$29,933.80 ($14,966.90 each). This is considered a fair and reasonable settlement. Budget Considerations: The funds received will be deposited in the Recreation Department Building Maintenance Account#001-1402-551.32-00. "Remember we are here to serve the Citizens of Port Arthur" P.R. No. 19155 10/06/15 LJC RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE THE SETTLEMENT OF A PROPERTY DAMAGE CLAIM IN THE AMOUNT OF $74,888.90 MADE AGAINST AXIS SURPLUS INSURANCE COMPANY AND LIBERTY SURPLUS INSURANCE CORPORATION AS A RESULT OF DAMAGE TO THE AMOS EVANS GYMNASIUM (1308B 9TH AVENUE) WHEREAS, on or about February 5, 2015, the roof and floor at the Amos Evans Gymnasium (13088 9th Avenue) were damaged when wind caused debris to puncture the roof and allowed water to enter, resulting in extensive damages; and, WHEREAS, as a result of the loss, a claim was filed with Axis Surplus Insurance Company (Axis) and Liberty Surplus Insurance Corporation (Liberty); and, WHEREAS, Axis and Liberty have offered to settle the claim for $74,888.90, less the deductible amount of$25,000.00, less the withheld recoverable depreciation of$19,955.10, making the final settlement $29,933.80 ($14,966.90 each), 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 $29,933.80 ($14,966.90 each) for the claim against Axis and Liberty in substantially the same form as delineated in Exhibit"A-1" and Exhibit"A-2". 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, 2015, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Councilmembers NOES: P.R. #19155 10/06/15 Page 2 of 2 Deloris"Bobbie" Prince, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: Va Tizeno, Att ey APPROVED FOR ADMINISTRATION: Brian McDougal, City Manager Exhibit "A-1" $7,500,000.00 ECF78038614/ATL110681 AMOUNT OF POLICY AT SWORN STATEMENT POLICY/CLAIM NUMBER TIME OF LOSS IN PROOF OF LOSS 05/01/14 TO THE Houston,TX ISSUED AGENCY AT 05/01/15 CRC Insurance Services EXPIRES AGENT Axis Surplus Insurance Company of Chicago,IL At time of loss, by the above indicated policy of insurance our insured City of Port Arthur against loss by All Risk to the property described under the above policy,according to the terms and conditions of the said policy and all forms,endorsements,transfers and assignments attached thereto. TIME AND A Wind loss occurred on the 5th day of February,2015 ORIGIN The cause and origin of the said loss were: wind that caused debris to puncture the roof of the Amos Evans Gymnasium,1308B 9th Avenue,Port Arthur,TX. Water that entered through the puncture damaged the gym flooi OCCUPANCY The building described,or containing the property described,was occupied at the time of loss as follows, and for no other purpose whatever: gymnasium TITLE AND At the time of the loss the interest of your insured in the property described therein was: OWNER INTEREST No other person had any interest therein or encumbrance thereon,except: None CHANGES Since the said policy was issued there has been no assignment thereof,or change of interest,use,occupancy, possession,location or exposure of the property described,except: None Known TOTAL THE TOTAL AMOUNT OF INSURANCE upon the property described by this policy was,at the time of INSURANCE the loss, $7,500,000.00 as more particularly specified in the apportionment attached under the policy besides which there was no policy or other contract of insurance,written or oral,valid or invalid. VALUE THE ACTUAL CASH VALUE OF said property at the time of loss was Not Determined LOSS THE WHOLE LOSS AND DAMAGE was $ 74,888.90 DEDUCTIBLE Less the APPLICABLE DEDUCTIBLE $ (25,000.00) DEPRECIATION: Less WITHHELD RECOVERABLE DEPRECIATION $ (19,955.10) AMOUNT THE AMOUNT CLAIMED for this loss $ 29,933.80 CLAIMED THE AMOUNT CLAIMED with Axis Surplus-Prorated Share-50% $ 14,966.90 The said loss did not originate by any act,design or procurement on the part of your insured,or this affiant;nothing has been done or with the privity or consent of your insured or this affiant,to violate the conditions of the policy,or render it void;no articles are mentioned herein or in 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 company, 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. Fraud Warning:It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines.In addition,an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant." The furnishing of this blank or the preparation of proofs by a representative of the above insurance company is not a waiver of any of its rights. State of X County of Insured Subscribed and sworn to before me this day of 20 Notary Public Exhibit "A-2" $7,500,000.00 1000087884-01/ATLPR00000103904 AMOUNT OF POLICY AT SWORN STATEMENT POLICY/CLAIM NUMBER TIME OF LOSS IN PROOF OF LOSS 05/01/14 TO THE Houston,TX ISSUED AGENCY AT 05/01/15 CRC Insurance Services EXPIRES AGENT Liberty Surplus Insurance Corporation of Boston,MA At time of loss, by the above indicated policy of insurance our insured City of Port Arthur against loss by All Risk to the property described under the above policy,according to the terms and conditions of the said policy and all forms,endorsements,transfers and assignments attached thereto. TIME AND A Wind loss occurred on the 5th day of February,2015 ORIGIN The cause and origin of the said loss were: wind that caused debris to puncture the roof of the Amos Evans Gymnasium,1308B 9th Avenue,Port Arthur,TX. Water that entered through the puncture damaged the gym floor OCCUPANCY The building described,or containing the property described,was occupied at the time of loss as follows, and for no other purpose whatever: gymnasium TITLE AND At the time of the loss the interest of your insured in the property described therein was: OWNER INTEREST No other person had any interest therein or encumbrance thereon,except: None CHANGES Since the said policy was issued there has been no assignment thereof,or change of interest,use,occupancy, possession,location or exposure of the property described,except: None Known TOTAL THE TOTAL AMOUNT OF INSURANCE upon the property described by this policy was,at the time of INSURANCE the loss, $7,500,000.00 as more particularly specified in the apportionment attached under the policy besides which there was no policy or other contract of insurance,written or oral,valid or invalid. VALUE THE ACTUAL CASH VALUE OF said property at the time of loss was Not Determined LOSS THE WHOLE LOSS AND DAMAGE was $ 74,888.90 DEDUCTIBLE Less the APPLICABLE DEDUCTIBLE $ (25,000.00) DEPRECIATION: Less WITHHELD RECOVERABLE DEPRECIATION $ (19,955.10) AMOUNT THE AMOUNT CLAIMED for this loss $ 29,933.80 CLAIMED THE AMOUNT CLAIMED with Liberty Surplus-Prorated Share-50% $ 14,966.90 The said loss did not originate by any act,design or procurement on the part of your insured,or this affiant;nothing has been done or with the privity or consent of your insured or this affiant,to violate the conditions of the policy,or render it void;no articles are mentioned herein or in 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 company, 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. Fraud Warning:It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines.In addition,an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant." The furnishing of this blank or the preparation of proofs by a representative of the above insurance company is not a waiver of any of its rights. State of X County of Insured Subscribed and sworn to before me this day of 20 Notary Public