Resolution accepting the flood insurance claims payments from Wright National Flood Insurance Company, P.O. Box 33003, St. Petersburg, FL 33733-8003, totaling $256,375.10 for losses sustained as a result of Hurricane Irma and authorizing the City Manager to execute settlement documents as necessary. The gross amount of flood damages covered under the Wright policies was $331,904. After applying the appropriate deductible and depreciation, the net recovery amount is $256,375.10.
Recommendation: Human Resources Director recommends adoption of the Resolution.