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Meeting Date:
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4/23/2025 - 5:30 PM
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Category:
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OFFICE OF MANAGEMENT, ADMINISTRATION, PLANNING AND OPERATIONS
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Type:
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Action
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Subject:
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12.11 Insurance Settlement – Approve $174,187.00 Settlement Claim Number 5630116631 – release Zurich America Insurance, regarding “Water Damages”, which occurred at School 5, 118 Lockwood Avenue Yonkers on December 23, 2024 & December 26, 2024.
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District Goals:
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Enclosure
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File Attachment:
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Rationale:
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This resolution approves a $174,187.00 settlement with Zurich American Insurance for property damage at School 5 (118 Lockwood Ave, Yonkers) caused by frozen pipes during a severe cold snap on December 23 and 26, 2024.
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Funding:
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B25C03.B2999A1620 – PS #5 Insurance Recovery, ($174,187.00)
130.5999.B25C03.1000.B6660
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Resolution:
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WHEREAS, On December 23, 2024 & December 26, 2024, frozen pipes caused water damages to several classrooms and the auditorium of School 5, 118 Lockwood Avenue, Yonkers; and
WHEREAS, The District evaluated the value of the damages and negotiated the sum of $174,187.00, to restore the building; and
WHEREAS, DISTRICT filed claim #5630116631 with the named insured Zurich America Insurance Company; and
WHEREAS, certain of DISTRICT’s property located at 118 Lockwood Avenue in Yonkers NY (the “PROPERTY”) was damaged as a result of the frozen pipes which occurred on December 23, 2024 & December 26, 2024, (the “LOSS”); and
WHEREAS, a Settlement Agreement has been negotiated and reviewed by the School District’s insurance brokers and by the School District and requires approval by the Yonkers Board of Education; and
WHEREAS, the Board of Education has had an opportunity to review the terms of the Settlement Agreement and finds the terms are fair, reasonable, and appropriate under the circumstances; and
NOW THEREFORE BE IT RESOLVED, that the Board of Education hereby approves the settlement of this matter in the amount of $174,187.00 and approves the Settlement Agreement made between the Superintendent of Schools and the Zurich America Insurance Company; and
BE IT FURTHER RESOLVED, that the Superintendent of Schools and those under his direction take all steps necessary to effectuate the Settlement Agreement made between the Superintendent of Schools and Zurich America Insurance Company.
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Approvals:
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Recommended By:
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Signed By:
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Michael Pelliccio - Director of Facilities III
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Signed By:
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Dr. Frank Hernandez - Associate Superintendent
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Signed By:
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Victor Martinez - Director of Purchasing
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Signed By:
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Finance Department - Finance Reviewer
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Signed By:
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Elizabeth Janocha - Deputy Commissioner
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Signed By:
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John Liszewski - Commissioner
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Signed By:
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Matthew Gallagher - Corporation Counsel
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Signed By:
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Anibal Soler, Jr. - Superintendent of Schools
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Vote Results:
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| Original Motion | Member Kevin Cacace Moved, Member Gail Burns seconded to approve the Original motion 'WHEREAS, On December 23, 2024 & December 26, 2024, frozen pipes caused water damages to several classrooms and the auditorium of School 5, 118 Lockwood Avenue, Yonkers; and
WHEREAS, The District evaluated the value of the damages and negotiated the sum of $174,187.00, to restore the building; and
WHEREAS, DISTRICT filed claim #5630116631 with the named insured Zurich America Insurance Company; and
WHEREAS, certain of DISTRICT’s property located at 118 Lockwood Avenue in Yonkers NY (the “PROPERTY”) was damaged as a result of the frozen pipes which occurred on December 23, 2024 & December 26, 2024, (the “LOSS”); and
WHEREAS, a Settlement Agreement has been negotiated and reviewed by the School District’s insurance brokers and by the School District and requires approval by the Yonkers Board of Education; and
WHEREAS, the Board of Education has had an opportunity to review the terms of the Settlement Agreement and finds the terms are fair, reasonable, and appropriate under the circumstances; and
NOW THEREFORE BE IT RESOLVED, that the Board of Education hereby approves the settlement of this matter in the amount of $174,187.00 and approves the Settlement Agreement made between the Superintendent of Schools and the Zurich America Insurance Company; and
BE IT FURTHER RESOLVED, that the Superintendent of Schools and those under his direction take all steps necessary to effectuate the Settlement Agreement made between the Superintendent of Schools and Zurich America Insurance Company.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Arz Raheem | Yes | | Rosemarie Linton | Yes | | Lawrence Sykes | Yes | | Gail Burns | Yes | | Sheila Greenwald | Yes | | Kevin Cacace | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | |
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