Label
3900SummitStFloodDamage
Law/Risk Management
Michael Walton (x1037)
Title
Authorizing the final insurance claim settlement and the acceptance and deposit of $638,273.00 from Allianz Global Corporate & Specialty SE on the City's insurance claim resulting from the December 24, 2022, freezing and subsequent bursting of water lines at the Water Reclamation Facility; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
On December 25, 2022, the Water Reclamation Administration Building's sprinkler system and the Wet Weather Grit Facility water supply burst flooding the basement and first floor administrative offices and the grit facility basement requiring immediate remediation/cleanup and repairs, the preservation of documents, and work to restore the grit facility to operational. The City incurred costs associated with this work. On January 3, 2023, the City of Toledo filed its claim No. SF-USCC19599023 with Allianz Global Corporate & Specialty insurance company for reimbursement of such costs.
On December 17, 2024, Allianz Global Corporate & Specialty SE paid the amount of $638,273.00 towards a final resolution of the City of Toledo's claims for repairs to the Water Reclamation Administration Building and Wet Weather Grit Facility
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to accept the final insurance claim settlement and accept and deposit of $638,273.00 from Allianz Global Corporate & Specialty SE into the Sewer Replacement Fund Account Codes 6073-36000-4UC4623STDSTD and 6073-36000-4UC0625STDSTD from the City's insurance claim resulting from the December 24, 2022 damages at the Water Reclamation location.
SECTION 2. That this ordinance, being an emergency measure, shall be in force and effect from and after its passage. The reason for the emergency in order to accept and deposit the check from the insurance company
Vote on emergency clause: yeas _____, nay...
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