Item Coversheet

Request for City Commission Action Page



Heading as displayed on the Agenda:
Human Resources Department - Risk Management Division - Wright National Flood Insurance Company - Hurricane Irma - Insurance Recovery  (pp. 80-168)
Item as displayed on the Agenda:

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.  

ATTACHMENTS:
Description
Agenda Summary
Memo to City Manager
Exhibit A--Proof of Losses
Back-Up Material--Estimates