SUBJECT/RECOMMENDATION:
Title
Authorize insurance reimbursement payment to Fields Inc. dba Barefoot Beach House of Clearwater, FL in the amount of $314,700.00 for repairs to the Barefoot Beach House structure caused by Hurricane Helene; and authorize the appropriate officials to execute same.
Body
SUMMARY:
Between September 26-27, 2024, and again between October 9-10, 2024, the Barefoot Beach House structure sustained damage as a result of Hurricane Helene and Hurricane Milton. The property is covered under an insurance policy held by the City, with the tenant, Fields Inc. dba Barefoot Beach House, reimbursing the City for the full cost of that policy in accordance with the lease agreement.
Following the hurricane events, the City filed appropriate insurance claims for the damages incurred. Fields Inc., as tenant, undertook and completed all necessary repairs to restore the structure. The total amount received by the City through insurance proceeds was $314,700.00.
As the repairs have been completed and the insurance funds were awarded for that specific purpose, the City now seeks authorization to transfer the full amount of $314,700.00 to Fields Inc. as reimbursement for the completed work.
APPROPRIATION CODE AND AMOUNT:
This purchase will be coded to a special program code 1817525-546300-D2402, disaster response - Hurricane Helene
USE OF RESERVE FUNDS:
N/A
STRATEGIC PRIORITY:
Approval of the purchase order supports several Strategic Plan Objectives, including:
• 1.2: Maintain public infrastructure, mobility systems, natural lands, environmental resources, and historic features through systematic management efforts.
• 2.3: Promote Clearwater as a premier destination for entertainment, cultural experiences, tourism, and national sporting events.
• 3.2: Preserve community livability through responsible development standards proactive code compliance, and targeted revitalization.
