File #: 20-0151    Version: 1 Name: Release in Full agreement 2020-0022
Type: Item Approved on Behalf of the Board Status: Passed
File created: 1/29/2020 In control: Board of Mayor & Aldermen
On agenda: 3/10/2020 Final action: 3/10/2020
Title: COF Contract No. 2020-0022 Release And Agreement With Civil Constructors, Inc. And The Phoenix Insurance Company (Travelers) For Repair Of Fiber Optic Line.
Sponsors: Shauna Billingsley
Attachments: 1. 2020-0022_Release in Full_Civil Constructors and Phoenix Insurance_Law Approved and Executed.pdf

 

DATE:                                                               January 29, 2020

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                                          Shauna R. Billingsley, City Attorney

                     

                                          

SUBJECT:                                          

title

COF Contract No. 2020-0022 Release And Agreement With Civil Constructors, Inc. And The Phoenix Insurance Company (Travelers) For Repair Of Fiber Optic Line. 

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Purpose

The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Contract No. 2020-0022 a release and payment agreement with Traveler’s Insurance, who was acting on behalf of Civil Constructors, Inc., to reimburse the City for costs incurred in repairing a fiber optic line Civil Constructors had damaged.

 

Background

On January 22, 2019, during the construction of the Harpeth Hotel, Civil Constructors was removing a piece of asphalt as part of their work and damaged the fiber optic line embedded in the asphalt.  City employees from the Information Technology and Water Departments performed the necessary repairs.  The City billed Civil Constructors for the City’s costs to repair the line.  Civil Constructors turned the invoice over to their insurance company, Traveler’s Insurance.  The release and agreement referenced here was required by Traveler’s in order to process and close the claim.  The City was reimbursed 100% of its cost.

 

Financial Impact

The City was reimbursed 100% of repair costs, so there is no financial impact.

 

Recommendation

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Staff recommends acknowledgement of the Release in Full for Claim EFS3998, which is attached here.