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HomeMy WebLinkAboutMINUTES - 12191995 - SD4 TO: V BOARD OF SUPERVISORS .... 'L Contra FROM: j` Phil Batchelor, County Administrator * z Costa. .- T a County DATE: December 19 1995 ... SUBJECT: Insurance Proceeds for Fire Recovery Costs SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: 1. Authorize.$9,000,000 in revenues from the insurance proceeds and Property Insurance Trust Fund. 2. Appropriate $9,000,000 in revenues to fund the repairs and clean-up at court locations damaged by fires on August 28, 1995 and September 14, 1995 at 640 Ygnacio Valley Road, Walnut Creek; 1950 Parkside Drive, Concord; 2970 Willow Pass Road, Concord and 725 Court Street, Martinez., FINANCIAL IMPACTS: The insurance coverage for County property covers replacement cost for damages caused by the court fires. A deductible of $50,000 per occurrence applies to each loss and is covered by a Property Insurance Trust Fund for $40,000 as part of the County's self-insurance program. The current action recognizes the revenue from the insurance and appropriates the revenue and Trust Fund contribution to the costs of the fire recovery at the various damaged locations. Additional revenues will be received from insurance proceeds as the projects are completed. BACKGROUND: The insurance companies have released allocations of funds to cover the costs of the fire recovery at the various damaged locations in sufficient amounts to cover the costs incurred by the County. The funds are appropriated to capital accounts and drawn down as invoices are received and approved for payment. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER • I - VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. ATTESTED 9 4-4 144 Contact: De Bell (6-4093) PHIL BATCHELOR,CLERK OF THE BOARD OF M. County Administrator SUPERVISORS AND COUNTY ADMINISTRATOR Risk Management County Auditor-Controller - BY 4 A DEPUTY AUDITOR-CONTROLLER USE ONLY CONTRA COSTA COUNTY ` APPROPRIATION ADJUSTMENT �� FINAL APPROVAL NEEDED BY: T/C 27 1�11� aSD BOARD OF SUPERVISORS ©P I G/NA L LO-5 T COUNTY ADMINISTRATOR ACCOUNT CODING I BUDGET UNIT: COUNTY ADMINISTRATOR I ORGANIZATION EXPENDITURE EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE SUB-ACCOUNT Budaet Unit 0111 (Plant Aca - General Fund) 4403 4111 640 YGNACIO VLY FIRE REPAIRS 900,000.00 4403 4112 1950 PARKSIDE DR FIRE DAMAGE 400,000.00 4403 4113 2970 WILLOW PASS RD FIRE REPAIRS 500,000.00 4403 4114 725 COURT ST FIRE REPAIRS 7,200,000.00 0990 6301 RESERVE FOR CONTINGENCIES 9,000,000.00 0990 6301 APPROPRIABLE NEW REVENUE 9,000,000.00 TOTALS: $ 9,000,000.00 $18,000,000.00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER TO APPROPRIATE FUNDS FOR REPAIRS/CLEANUP TO 640 YGNACIO VALLEY RD WC , 1950 PARKSIDE By: Date: DR CONC, 2970 WILLOW PASS RD CONC, AND 725 COURT ST MTZ DUE TO FIRES SET ON AUG 28th COUNTY AIDMINIS14ATOR AND SEPT 14th. INSURANCE PROCEEDS WILL PAY By: Date: // FOR ALL FIRE-RELATED ELIGIBLE COSTS LESS $ 50,000 COUNTY DEDUCTIBLE. THE COUNTY'S �} DEDUCTIBLE IS COMING FROM THE MUNI COURT BOAR OF SUPERVISORS FUND& THE PROPERTY INSURANCE TRUST. SUPERVISORS SMITH,BISHOP YES:;4.t DESAULNIER,TORLAKSON,ROGERS ` NONE - ,11/20/95 L._._ ygr.n..:,:.:._. .- ,w.-:,: SIGNATURE TITLEDYT ATE — cm Of the BOW of %0"m mW(imty Admtiltt"W By: Date: APPROPRIATION ADJ. JOURNAL NO. APOO (M 8134 Rev. CONTRA COSTA COUNTY _ ESTIMATED REVENUE ADJUSTMENT T/C 24 60 v ©R1 L ACCOUNT CODING BUDGET UNIT: COUNTY ADMINISTRATOR ORGANIZATION REVENUE REVENUE DESCRIPTION INCREASE <DECREASE> ACCOUNT Budget Unit 0111 (Plant Aca - General Fund) 4403 9967 CONTRIBUTIONS FROM OTHER FUNDS 50,000.00 4403 9969 INDEMNIFYING PROCEEDS 8,950,000.00 t J tr S TOTALS: $ 9,000,000.00 $ 0.00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER TO APPROPRIATE FUNDING FOR FIRE REPAIRS FROM THREE SOURCES: By Date: I/ 1) $ 10,000 FROM MUNI COURT TRIAL COURT FUND AS PART OF COUNTY' S $ 50,000 DEDUCTIBLE; COUNTY ADMIN RATo 2) $40,000 FROM THE COUNTY PROPERTY INSURANCE Date:. TRUST FUND; AND 3)THE BALANCE FROM INSURANCE PROCEEDS SUCH BOARD of SUPERVISORS AS CSAC EMERGENCY FUND & OTHER CARRIERS. SUPERVISORS SMITH,BISHOP YES DESAULNIER,TORLAKSON,80861$ /� No: NONE — __,.11/20/95 89WWw,Clerk of the Board of SCINATLAAE TITLE DATE \� � � Cotmty Adntfttlstr�tor By: Date: Fes— �J Syr REVENUE ADJ.JOURNAL NO. RAOO (M 8134 R